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Argentina’s Supreme Court Backs Victim Standing in $LIBRA Case as Foreign Investor Seeks Entry

The ruling now puts before Judge Marcelo Martínez De Giorgi a Belarusian bid to join the case with a request to enlarge the asset freeze.

Overview

  • Justices Horacio Rosatti, Carlos Rosenkrantz and Ricardo Lorenzetti dismissed the defense’s queja, citing the absence of a final judgment target.
  • The decision leaves in place the participation of alleged victims represented by Juan Grabois as private prosecutors in the federal investigation.
  • Belarusian investor Krasutskaya Sviatlana Vitalievna reported a US$1,768,079 loss linked to $LIBRA and attributes her investment to a post by President Javier Milei on X.
  • She asks to expand the current US$25,000 embargo on assets tied to promoter Hayden Davis, which complainants call insufficient.
  • Prosecutor Eduardo Taiano continues to investigate a potential ‘rug pull’ scheme and related offenses, while Judge Martínez De Giorgi must rule on the new querella and any freeze increase.