An Argentine judge has dismissed two Belarusian investors' claims for over $2 million related to the $LIBRA cryptocurrency collapse, citing their lack of registered status in tax and immigration databases.
In the ongoing legal proceedings concerning the cryptocurrency 'memecoin' $LIBRA, a federal judge in Argentina, Marcelo Martínez de Giorgi, has rejected a claim from two Belarusian investors. Sviatlana Krasutskaya and Vladislav Lapchenko alleged losses exceeding $2 million due to the notorious crash of the crypto asset. The judge's ruling indicated that the complainants failed to demonstrate ownership of the funds they claimed, as they were not listed in the Argentine tax authority's database or immigration records.
The judge's decision marks a setback in a high-profile criminal investigation into the $LIBRA cryptocurrency, which has garnered significant attention due to its controversial nature and the complexities surrounding its collapse. The refusal of the court to recognize the Belarusian parties as complainants raises questions about the legal standing of international investors in Argentine courts, particularly in cases involving cryptocurrency where financial records are often less transparent.
The lawyer representing the two investors has announced plans to appeal the ruling to the Federal Chamber. This appeal process will not only challenge the grounds of the dismissal but may also set a precedent for future cases involving foreign investors and cryptocurrency claims in Argentina. As the legal landscape around cryptocurrencies continues to evolve, cases like this highlight the challenges investors face when navigating international legal systems and seeking recourse for their financial losses.
