Javier Milei, the president of Argentina, is under scrutiny after endorsing the $Libra meme coin on social media, which soared then crashed within hours. His claims that the cryptocurrency would invigorate the economy led to significant investor losses, estimated at over $4 billion. The incident has drawn severe backlash from opposition lawmakers, who described it as an unprecedented scandal, prompting calls for his impeachment. Legal actions have begun, with accusations of fraud looming over Milei's endorsement, raising serious questions regarding the integrity of his actions and their implications for investors.
Argentine president Javier Milei is facing impeachment calls and legal investigations after promoting the $Libra meme coin, which collapsed, affecting over 40,000 investors.
Milei's endorsement caused the coin's value to skyrocket, only to plummet hours later, raising concerns of fraud and misconduct amid significant financial losses.
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