A federal judge in Argentina has officially shut down the criminal probe surrounding the LIBRA cryptocurrency collapse, clearing President Javier Milei and several close associates of wrongdoing. The ruling effectively ends a high profile legal battle that had cast a shadow over the administration’s early days, specifically exonerating both the president and his sister, Karina Milei, along with American entrepreneur Hayden Davis.

The decision comes as a shock to many who followed the fallout of the project, which saw investors lose an estimated 200 million dollars when the system crashed. Much of the initial scrutiny centered on Hayden Davis and the mysterious movement of funds linked to his business dealings, raising alarms about where the missing millions actually ended up and whether political connections played a role in protecting those at the top.

Despite these staggering financial losses and calls for deeper transparency, the court determined there was insufficient evidence to maintain a criminal case against the named parties. By dismissing the investigation, the judge has closed a chapter that threatened to link Argentina’s executive leadership to one of its most contentious digital asset scandals.

For supporters of President Milei, this is seen as a vindication against politically motivated accusations. However, for thousands of devastated retail investors who lost their life savings in the LIBRA crash, the closure of this probe leaves very few avenues left for recovery or accountability in what remains a deeply polarizing financial disaster.