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Milei Axes LIBRA: Argentina's Crypto Probe Unit Shut Down!

Milei Axes LIBRA: Argentina's Crypto Probe Unit Shut Down!

Date: 2025-05-20 15:16:23 | By Lydia Harrow

Breaking News: Argentine President Milei Shuts Down LIBRA Crypto Fraud Probe!

In a shocking twist, President Javier Milei just pulled the plug on the special unit he set up to sniff out fraud in the LIBRA cryptocurrency scandal. Yeah, you heard that right—gone, just like that!

LIBRA, the crypto Milei hyped up all over social media, had everyone watching. And now, only three months after the unit was born, it's dead. What gives?

Milei and Justice Minister Mariano Cúneo Libarona signed off on the decree, saying the task force "has fulfilled the task assigned to it." They tossed their findings to the Public Prosecutor’s Office, but don't hold your breath for any juicy details. No report's been thrown out there for the public, and it's anyone's guess what, if anything, they actually did about it.

And yeah, the government's staying tight-lipped about any accountability measures too. Classic.

Milei’s Shady Dance with LIBRA

Remember when LIBRA shot up like a rocket after Milei gave it a shout-out on his X account back on February 14? Well, it crashed harder than a lead balloon soon after, leaving investors crying over millions in losses and making headlines worldwide.

The chaos kicked off a storm of investigations. Argentina's Parliament got in on the action, and even the U.S. and Spain started poking around, looking into possible scams involving Milei and his sister, Karina Milei.

The now-defunct UTI could've dug up dirt from all over the globe without spending a dime more. But, led by María Florencia Zicavo—a tight buddy of the justice minister—the whole thing screamed conflict of interest from the get-go.

And just when you thought it couldn't get more fishy, the Milei administration yanked back the powers of Argentina’s Financial Information Unit in April. Oversight? What's that?

Milei claims they got all the data they asked for from state entities and went through it with a fine-tooth comb. But guess what? The public's still in the dark about what, if anything, the commission figured out.

Now, it's all in the hands of Judge María Romilda Servini. Buckle up, folks—this ride's far from over!

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