President Javier Milei is entangled in the $Libra scandal, which has led to multiple complaints in Argentina, the United States, and Spain. It started on February 14 when Hayden Davis launched $Libra, a memecoin that attracted substantial investment through Milei's promotional tweet. The project collapsed within five hours, prompting investors to seek refunds. Milei's claims of merely disseminating information about the project have been challenged by experts who state that the contract was not publicly available. Investigators continue to unravel inconsistencies related to the case, including financial transactions linked to Davis.
On February 14, an unknown 28-year-old American, Hayden Davis, launched $Libra, and it drew in hundreds of millions of dollars, mostly due to a tweet from President Milei promoting its benefits.
The $Libra scandal began with Milei's tweet claiming to promote funds for Argentine entrepreneurs. However, experts confirmed that key contract details he referred to weren't publicly available.
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