Overview
- A federal judge on July 3 removed five investors from the $LIBRA criminal file after accepting a defense claim that the complainants had not proved direct patrimonial harm from the token's collapse.
- On July 8 investor Martín Romeo and four co‑claimants formally appealed that exclusion to the Cámara Federal porteña (Sala I), whose three judges must now decide whether to reinstate them.
- The appellants say the court ignored notarized acts that tie Romeo to his cellphone and to Phantom and Lemon wallets and that official UFECI and PFA traceability reports corroborate the transaction trail.
- The complaints allege $LIBRA was a pre‑programmed 'Rug Pull' with insider trading that extracted roughly U.S.$44.5 million and that a presidential social post was used to lend credibility to the launch.
- If the Cámara upholds the judge's ruling it could raise the proof threshold for victims in crypto cases, but a reversal would restore the investors' role in seeking evidence and challenging prosecutors' handling of asset freezes.