Summary
- The US Department of Justice has begun investigating the LIBRA case promoted by the Argentine president.
- LIBRA associates are included in the investigation targets, and cooperation with the US FBI and SEC may be implemented.
- New York-based law firm Burwick Law is reviewing the possibility of fund recovery for victims.
The U.S. Department of Justice (DOJ) has reportedly begun investigating the memecoin LIBRA case, which was promoted by the Argentine president.
On the 25th (local time), Argentine local media La Nacion cited sources revealing this information, reporting that "after completing initial data collection and analysis, the Department of Justice may conduct investigations in cooperation with the Federal Bureau of Investigation (FBI) and Securities and Exchange Commission (SEC)."
The investigation targets include Argentine President Javier Milei, LIBRA associate Hayden Mark Davis, and KIP Protocol co-founder Julian Pe.
Meanwhile, New York-based law firm Burwick Law is reviewing the possibility of fund recovery on behalf of victims from various countries including Argentina and the United States.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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