Javier Milei Slams Press After Winning Libra Crypto Case

President Javier Milei Cleared in Crypto Fraud Investigation

Argentine President Javier Milei has officially won a major legal battle. On October 25, 2026, an Argentine court dismissed all fraud charges against him.

The long-running investigation focused on his past promotion of the controversial Libra cryptocurrency project. Following the court ruling, Milei immediately launched a fierce public attack against his political opponents and media critics.

As this news broke, major digital assets saw mild price adjustments. BitcoinBTC-0.05% traded near $80,344 (-0.20%), while EthereumETH-1.17% hovered around $2,330 (-1.44%).

Past performance of digital assets is not indicative of future results. Digital asset trading carries inherent risks due to market volatility.

A Fiery Response: Milei Demands Compensation for Slander

President Milei did not stay quiet after receiving the favorable court decision. Instead, he took to social media to vent his frustration over the lengthy legal battle.

Milei pointed out that the entire investigation lasted exactly one year, eight months, and nine days. He argued that the charges caused serious damage to his personal honor.

AND NOW WHO COMPENSATES ME FOR A YEAR, EIGHT MONTHS, AND NINE DAYS OF LIES, SLANDERS, AND INSULTS AIMED AT TAINTING MY GOOD NAME AND HONOR?

By raising this point publicly, the Argentine president strongly hinted at potential legal action against those who accused him. He strongly maintained that the justice system ultimately worked as intended.

Milei Accuses Major News Outlets of Media Extortion

In his statement, Milei went beyond simple celebration. He directly accused prominent Argentine media groups of organizing a political smear campaign against his administration.

He claimed that major outlets, including the leading newspaper La Nacion, weaponized the legal case. According to Milei, media groups tried to extort the government to avoid paying their corporate taxes.

Milei described the entire investigation as a targeted political operation. He claimed its primary goal was to weaken the presidential office and spark political instability.

He specifically named several prominent Argentine journalists and commentators in his public post:

• Hugo Alconada MonMON-0.03%
• Carlos Pagni
• Paulino Rodríguez
• Natalia Volosin
• Novaresio

Addressing these commentators directly, Milei voiced his anger in plain terms.

To the bribed journalists, mercenaries of lies, and serial fabricators of operations like Hugo Alconada Mon, Carlos Pagni, Paulino Rodríguez, Natalia Volosin, Novaresio, and all the others who exploited this issue: who is going to clean up all the garbage they spread now?

Rewind: How Did the Libra Token Debacle Begin?

To fully understand this controversy, we have to look back at how the project started. The initiative was originally named the Viva La Libertad Project, also known as the Libra token.

The project launched as a private token built on the SolanaSOL-0.37% blockchain network. Javier Milei became directly tied to the project after sharing its official smart contract address on his social media account.

In his original post, Milei stated that the private token would help stimulate Argentina's economy. He explained that funds raised would help finance local small businesses.

However, trouble began almost immediately after the social media post went live. Speculators flooded into the asset, creating a massive price surge followed by a sudden market dump.

Just hours after posting the contract address, Milei deleted the publication from his social media account. He later publicly declared that he had no official business ties to the developers running the token.

Milei's Stance on Investor Losses: 'That is Your Problem'

Following the sharp drop in the token's price, retail investors suffered significant financial losses. When pressed by reporters about his role in promoting the project, Milei offered a blunt response.

If you go to the casino and lose money, that is your problem.

Milei consistently argued that individual investors are fully responsible for their own financial choices. He treated cryptocurrency trading as speculative gambling where buyers bear all the personal risk.

Despite his explanations, political opponents seized on the event. They argued that a sitting public official sharing a token address carries heavy weight, leading directly to the formal investigation.

Critics Push Back Against the Dismissal Decision

While President Milei celebrated his legal victory, opposition figures reacted with deep criticism. They argued that judicial authorities closed the case without carrying out a proper investigation.

Maximiliano Ferraro spoke out strongly against the ruling. Ferraro is a national deputy and former head of the Libra Congressional Commission, which originally recommended investigating Milei for official misconduct.

Ferraro openly criticized Federal Judge Marcelo Martinez de Giorgi and Public Prosecutor Eduardo Taiano. He accused both judicial officials of deliberately slowing down the legal probe.

Furthermore, Ferraro claimed that investigators hid vital evidence and failed to call key individuals to give formal statements during the entire probe.

Unanswered Questions Surrounding the Libra Case

According to Deputy Ferraro, the court overlooked critical facts before dismissing the charges. He pointed out several key issues that were left completely unexplained:

• Dozens of documented meetings between Libra token promoters at official government venues like Casa Rosada and Quinta de Olivos.
• On-chain crypto transactions executed immediately before and after these presidential meetings took place.
• Phone call records between key project figures on the exact day the Libra token was launched.

Ferraro concluded his public remarks by labeling everyone involved in the project launch as criminals. He argued that closing the case sets a dangerous precedent for government transparency.

Important Lessons for Everyday Crypto Investors

This high-profile scandal provides important takeaways for everyone interested in the cryptocurrency market. It highlights the real risks associated with social media hype and public endorsements.

First, endorsements from prominent political figures or celebrities do not guarantee a project's legitimacy or financial safety.

Second, newly launched tokens can experience extreme price volatility. Prices can climb rapidly due to public attention and crash just as quickly when sentiment shifts.

Always conduct thorough research before investing in any digital asset. Never risk money that you cannot afford to lose in highly volatile markets.

What Lies Ahead for Milei and Argentina?

With the Libra fraud case now officially closed, President Javier Milei turns his full focus back to his broader economic program in Argentina.

However, the intense political fallout from this case is far from over. The ongoing tension between Milei's administration and traditional media outlets will likely lead to further legal debates.

As government interactions with decentralized technologies grow globally, regulators and citizens alike will closely monitor how public leaders engage with digital assets.