US Court Verdict Reveals Surprising Details On Argentina’s LIBRA Meme Coin Scandal

A US federal judge in New York rejected a request by international investment funds to seize cryptocurrency assets related to Argentina's LIBRA meme coin scandal, ruling that the evidence did not prove state ownership. Instead, Judge Jennifer Rochon suggested the millions generated by LIBRA could belong to private individuals, specifically Argentine President Javier Milei, his sister Karina Milei, or LIBRA promoter Hayden Mark Davis. The investment funds—Palladian Partners, HBK Master Fund, Hirsh Group, and Virtual Emerald International Limited—were attempting to seize these assets to recover over $1.5 billion owed by Argentina following a 2001 sovereign default, as a UK court had ruled in their favor in 2023. The funds argued the LIBRA profits should be considered Argentine state assets. However, the judge criticized their request as a "fishing excursion" lacking credible information to involve the US court system, concluding that the evidence pointed toward private control, which further complicates President Milei's connection to the scandal.

(Source：BeInCrypto)