Overview
- Federal prosecutor Eduardo Taiano filed a formal opposition to the Procuraduría de Investigaciones Administrativas (PIA) taking over and reopening the $LIBRA case.
- The archive and overseasments issued by Judge Marcelo Martínez de Giorgi on October 23 remain in place for now, and the judge must decide whether to accept the PIA's request.
- The PIA says key probes were not finished, citing pending cellphone forensics, requests for international cooperation including to the United States, and alleged deletion of content by some suspects.
- The Sala II of the Federal Court of Cassation has accepted review of whether two investors can be readmitted as private plaintiffs, a move that could let them appeal the October closures if they are reinstated in 2027.
- The case began after President Javier Milei’s February 2025 post on X promoted the $LIBRA token, which surged and then collapsed, leaving many investors with losses and shaping the practical stakes of any reopening.