Overview
- Sala I confirmed replacing a full asset freeze with preventive embargoes but directed Judge Marcelo Martínez de Giorgi to reassess the amounts with a possible increase based on the scale of alleged harm.
- The court left in place initial embargoes totaling ARS 36,875,000 on several defendants and required a fresh evaluation after 90 days depending on the investigation’s progress.
- Judges rejected an indefinite, blanket freeze as excessive and instructed that any precautionary measures be tailored to each defendant’s role and the documented damage.
- The panel urged immediate production of key evidence to clarify responsibilities and avoid turning precautionary steps into de facto punishment, noting newly proposed complainants who report losses exceeding US$2 million.
- Those affected by measures include $LIBRA creator Hayden Mark Davis, Mauricio Novelli, Manuel Terrones Godoy, Sergio Daniel Morales and Novelli’s relatives, while President Javier Milei remains named in complaints for his February 14, 2025 promotion of the token.