$LIBRA Case: Victims to File Civil Lawsuit for Damages Against Javier Milei and Other Defendants

The savers who were harmed by what they consider a scam involving the cryptocurrency $LIBRA will now initiate a multimillion-dollar lawsuit for damages against the defendants in the criminal case. This claim will be filed in civil court for the damages suffered by the savers due to the maneuvers attributed to the defendants following the promotion of the crypto asset by President Javier Milei.

The lawsuit will be filed after savers represented by lawyer Nicolás Oszust failed to reach an agreement in the mediation hearing held with the lawyers representing the defendants Mauricio Novelli and Manuel Terrones Godoy.

Although the exact amount that around 30 savers will claim for damages has not yet been determined, it has been revealed that the figure will be in the millions. The maneuver allegedly allowed the withdrawal of approximately 100 million dollars through a few digital wallet addresses.

The lawyer representing the victims is currently defining who will be the totality of the defendants in civil court, which would include Milei, and the amount of the claim, according to sources close to the savers.

Meanwhile, the victims are awaiting a decisive hearing that will take place next week in the Comodoro Py courts as part of the criminal case. The continuity of the case will depend significantly on this hearing.

The Federal Chamber of Buenos Aires has set a date for August 10 for the hearing in which the complainants who have been removed from the case will insist on being maintained in that capacity to continue pushing the case forward.

The complainants who have been removed from the case, represented by lawyers Nicolás Oszust and Juan Grabois, appealed the decision of Judge Martínez De Giorgi.

Chamber I has summoned the victims for August 10, and after the hearing, the judges will have to determine whether they continue as complainants or not.

For the complainants, excluding them at this stage would equate to consolidating the lack of control and impetus of the case. The case would only be investigated by prosecutor Eduardo Taiano, whose work is questioned by the victims. The case is in Chamber I, composed of judges Mariano Llorens, Leopoldo Bruglia, and Pablo Bertuzzi.

Before the judicial recess, federal judge Marcelo Martínez De Giorgi granted the request of prosecutor Eduardo Taiano to freeze the cryptocurrency addresses. The magistrate hopes to obtain all the information regarding their ownership.

The case has added data on multimillion-dollar transfers from businessman Hayden Davis to virtual accounts, weeks before the launch of $Libra.

One of the pieces of evidence in the case comes from Mauricio Novelli's phone. Among the items recovered from the device, a key note details a supposed agreement for 5 million dollars. This amount is similar to the money Davis transferred in the days leading up to the launch of the crypto asset.

The criminal case was initiated following a complaint after the launch and promotion of the crypto asset $LIBRA, after Milei published a message on X on February 14, 2025, which included a contract to acquire the token. The supposed objective was to incentivize the growth of the Argentine economy by supporting local ventures.

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