Argentine President Javier Milei has closed down the unit established to investigate the LIBRA scandal, an international cryptocurrency scam in which he was involved.
According to decree 332/2025 published in the Official Gazette on Tuesday, President Javier Milei has dissolved the unit established to investigate his possible criminal involvement. The decree claims that the structure created by the executive branch has fulfilled all the tasks it has determined and therefore no longer functions. It was announced that the “Investigation Task Force” (UTI), established within the Ministry of Justice, has been dissolved, stating that it has completed its mission. The decree was signed by President Milei and Justice Minister Mariano Cúneo Libarona.
According to the decree, the institutions providing information to UTI included the Anti-Corruption Office (OA), the Central Bank, the Financial Information Unit (UIF), the National Securities Commission (CNV), the Revenue Administration ARCA (formerly AFIP), the Military Housing, the Immigration Department, the Legal and Technical Secretariat, the Ministry of Foreign Affairs, the Public Information Access Agency (AAIP), the General Supervision of Justice (IGJ), the Sub-Secretariat for Political Affairs and the Presidency of the Council of Ministers.
However, no public statement has been made regarding the results of the information provided by these institutions, raising questions about whether Milei’s responsibility has really been investigated.
On February 14, 2025, Javier Milei created a great deal of interest by introducing the cryptocurrency LIBRA with a direct link via his X account. Other figures from the La Libertad Avanza party, especially Martín Menem, also spread this post from their own accounts.
In just two hours, LIBRA’s value peaked, but only a few wallets then pulled out, generating millions of dollars in profits, while more than 40,000 accounts lost their entire investment.
On Saturday, February 15, Milei deleted the post in question and claimed that she had nothing to do with the LIBRA project. She claimed that she was not familiar with the details of the project and decided not to continue promoting it after learning about it. However, it was soon revealed that Milei had previously held meetings with the names behind the project, such as Julian Peh, Mauricio Novelli and Hayden Davis, and that there were photos of them together.
*This is not investment advice.
