Argentine judge drops investigation into President Milei over meme coin scandal

Summary

An Argentine federal judge dropped a criminal investigation into President Javier Milei and his sister Karina Milei over a meme coin scandal on Friday, October 23, finding no evidence of fraud, according to court records. The BBC reports that Milei had denied acting fraudulently when a cryptocurrency nosedived after he deleted a social media post about it. Le Monde, citing a ruling reviewed by AFP, reports that the judge wrote that investor losses and the rise and fall in the currency's price were insufficient to establish fraud in a suspected crypto scam that caused at least $100 million in investor losses. Al Jazeera reports that the judge said Milei's role in the cryptocurrency launch did not translate into a fraudulent scheme.

Timeline

1. Straits Times

   23 Oct 2026, 19:46 UTCSource ↗

   The Straits Times reports that a federal judge dropped a criminal investigation into the role of Javier Milei and his sister Karina Milei in a meme coin scandal on Friday, finding no evidence of fraud, according to court records.

2. BBC

   23 Oct 2026, 20:59 UTCSource ↗

   The BBC reports that an investigation into Javier Milei over crypto fraud has been dropped, and that Milei had denied acting fraudulently when a cryptocurrency nosedived after he deleted a social media post about it.

3. Le Monde

   24 Oct 2026, 01:14 UTCSource ↗

   Le Monde reports, citing a ruling reviewed by AFP, that the judge found investor losses and the rise and fall in the currency's price insufficient to establish fraud in a suspected crypto scam that caused at least $100 million in investor losses.

4. Al Jazeera

   24 Oct 2026, 01:21 UTCSource ↗

   Al Jazeera reports that a judge dropped a fraud investigation into Milei, saying his role in the cryptocurrency launch does not translate into a fraudulent scheme.