Argentina Crypto Scandal Intensifies: Novelli’s Family Faces Legal Scrutiny – A Breaking News Update
Buenos Aires, Argentina – The $LIBRA cryptocurrency scandal rocking Argentina has taken a dramatic turn, with an Argentine judge ordering the mother and sister of key figure Mauricio Novelli to secure legal counsel. This development, reported just hours ago, comes amid mounting evidence linking Novelli and others to the project’s launch and subsequent collapse. This is a developing story, and archyde.com is committed to bringing you the latest updates as they unfold. For those unfamiliar, the $LIBRA crypto project promised a new financial frontier, but quickly became mired in controversy following a tweet from President Javier Milei that many believe triggered a rapid and devastating market downturn.
Judge Orders Legal Representation for Novelli’s Family
Judge Marcelo Martínez de Giorgi of Federal Criminal and Correctional Court No. 8 issued the order, giving María Pía Novelli and María Alicia Rafaele 72 hours to appoint lawyers from the court registry. Failure to comply will result in the appointment of a public defender. The directive follows revelations that the two women emptied a safe deposit box at a Banco Galicia branch on February 17th, 2025 – the first business day after President Milei’s tweet ignited the scandal. Prior to the crisis, they had opened two safe deposit boxes at the same branch with Novelli on February 5th.
Dallas Trip and Connections to Hayden Davis Revealed
New evidence, first reported by Clarín, places Novelli and Manuel Terrones Godoy in Dallas, Texas, on the day of the $LIBRA launch. They were reportedly with Hayden Davis, a central figure in the project, during final preparations and celebrations following Milei’s promotional tweet. A photograph obtained by Clarín shows Novelli, Terrones Godoy, and the Davis brothers, Gideon and Hayden, together. Further fueling speculation, the group was also photographed at an NBA game between the Dallas Mavericks and the Golden State Warriors, in close proximity to Dallas Mavericks coach Steve Kerr and Charles Thomas Davis, Hayden’s father.
Evergreen Insight: The speed with which cryptocurrencies can rise and fall highlights the inherent risks in the digital asset space. While offering potential for high returns, investors must exercise extreme caution and conduct thorough due diligence before investing in any crypto project. Understanding the team behind a cryptocurrency, its underlying technology, and the regulatory landscape are crucial steps in mitigating risk. This case serves as a stark reminder of the importance of skepticism and informed decision-making in the world of digital finance.
Asset Freeze and Prosecutor Recusal Request
The legal pressure on Novelli’s associates is mounting. Judge María Servini previously ordered the freezing of assets belonging to María Pía Novelli and María Alicia Rafaele. Adding another layer of complexity, Judge Martínez de Giorgi has also approved a request from plaintiff Martín Romeo to recuse prosecutor Eduardo Taiano, a decision now awaiting review by the Public Prosecutor’s Office.
New Victims Identified: Belarusian Citizens Involved
The scope of the investigation is expanding to include potential victims beyond Argentina. Two citizens of Belarus, aged 52 and 20, have been identified as potential victims and are being considered as plaintiffs in the case. Authorities are currently preparing a financial report on their involvement before making a final determination. The complaint team noted that commercial activity within the country isn’t a prerequisite for being a plaintiff.
Evergreen Context: Cross-border financial crimes involving cryptocurrencies are becoming increasingly common. The decentralized nature of blockchain technology can make it challenging to track funds and prosecute perpetrators. International cooperation between law enforcement agencies is essential to combatting these crimes and protecting investors worldwide. The involvement of citizens from Belarus in this case underscores the global reach of the $LIBRA scandal.
The Argentine Justice is clearly intensifying its investigation into the $LIBRA crypto scandal, leaving few stones unturned. The unfolding events promise to reveal more about the connections between Mauricio Novelli, Hayden Davis, and President Milei’s involvement, and the fate of those who invested in the now-collapsed cryptocurrency. Stay tuned to archyde.com for continuous coverage of this breaking story and in-depth analysis of the evolving cryptocurrency landscape.
