Argentine President Javier Milei has named five journalists while attacking coverage of the LIBRA investigation, asking who will compensate him for alleged damage to his reputation after a judge dismissed the criminal case against him.
The ruling, issued by Judge Marcelo Martinez de Giorgi on 23 October, covered Milei, his sister Karina and nine other defendants. Prosecutor Eduardo Taiano had requested the dismissal, and none of the defendants had been formally questioned.
Milei published his comments on X on 23 October, according to La Nacion, accusing journalists and political opponents of using the case to weaken his presidency.
“Who compensates me now?” he asked, in an English translation of the Spanish statement reproduced by the newspaper.
He described the period since LIBRA was launched as one year, eight months and nine days of alleged lies, slander and insults. Milei presented the dismissal as vindication and said his critics had used the courts for political purposes.
He specifically named Hugo Alconada Mon, Carlos Pagni, Paulino Rodriguez, Natalia Volosin and Luis Novaresio, accusing them of spreading falsehoods and carrying out operations against his government.
Milei also criticised Grupo La Nacion, alleging that its coverage formed part of an attempt to pressure his administration over taxes. The material reviewed did not independently establish that claim.
At an event organised by Fundacion Faro, the think tank led by Agustin Laje, Milei repeated his demand for compensation and alleged there had been an attempt to remove him through institutional means, Infobae reported. U.S. Ambassador Peter Lamelas, Argentina’s ambassador to the United States Alec Oxenford, government officials and business executives were among those present.
The Office of the President welcomed the ruling, describing the proceedings as an attempt to damage Milei’s image during an election year and defending the judiciary. It cited Article 336, subsection 3, of Argentina’s criminal procedure code, which allows dismissal when the events under investigation do not constitute a crime.
Karina Milei separately said on social media that the accusations had harmed both siblings’ reputations and claimed the ruling showed that the truth had prevailed.
The case concerned the February 2025 launch and collapse of LIBRA, a Solana token Milei promoted as a private initiative intended to support Argentine businesses. His launch-day post included the project’s website and contract address.
Alconada Mon, one of the journalists named by Milei, reported in La Nacion that investigative steps remained incomplete before the case was dismissed. Some investors had also been removed as private complainants.
His report said the judge accepted that Milei’s public position might have increased the token’s visibility and encouraged confidence, but concluded that this did not establish criminal deception. Blockchain tracing could not be completed because investigators lacked licensed technical tools, while companies involved in the inquiry provided only partial responses.
Pedro Biscay, executive director of the Center for Research and Prevention of Economic Crime, called the dismissal premature and demanded a full review. The organisation had participated as an amicus curiae.
A separate U.S. class action had already ended in September. In a 29 September opinion, Judge Jennifer L. Rochon dismissed claims involving Meteora, former chief executive Benjamin Chow and the Kelsier defendants, and refused permission to file a second amended complaint.
Claims against the Kelsier defendants failed to state a claim or were dismissed for lack of personal jurisdiction, while claims against Chow and Meteora failed to state a claim. The clerk was instructed to close the case.
In August 2025, Rochon lifted a freeze on $57.6 million in USDC held in wallets linked to Davis and Chow. Investors had been seeking more than $100 million in damages. The named plaintiffs were Omar Hurlock of Brooklyn, New York, and Anuj Mehta of Arlington, Virginia, who brought the case on behalf of themselves and other investors.
