Argentine President Javier Milei is under scrutiny due to allegations of fraud related to his promotion of the $LIBRA coin on social media. His post led to a surge in the coin's price, followed by a drastic drop after deletion, causing significant financial loss for investors. This incident has prompted calls for impeachment from opposition members and legal complaints in criminal court. In response, Milei's office stated the post's removal was aimed at curbing speculation and emphasized that he was not involved in the cryptocurrency's creation, with an investigation ongoing through the Anti-Corruption Office.
Milei posted on X about the $LIBRA coin, claiming it would help fund small businesses. After deleting his post, the cryptocurrency's value plummeted.
Argentina’s presidential office stated that Milei’s post was removed to avoid speculation, asserting he had no involvement in the cryptocurrency’s development.
Opponents accuse Milei of fraud, likening his actions to a 'rug pull', which left investors with significant losses after a rapid price drop.
Former President Kirchner criticized Milei as a 'crypto scammer', and opposition plans to impeach him, calling the incident an unprecedented scandal.
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