Crypto scandal in Argentina: President Milei in fraud focus!

Crypto scandal in Argentina: President Milei in fraud focus!

In the latest crypto scandal, Argentina's President Javier Mile is targeted by the public prosecutor. Investigations have been initiated after the dramatic collapse of the cryptocurrency $ Libra, which was massively advertised by Milei. The Argentine prosecutor reports that a special unit for cybercrime was consulted in order to get to the bottom of the allegations of abuse of office, fraud and embezzlement. According to estimates, investors have lost over $ 200 million through this scandal, such as OE24.at reported.

The cryptocurrency $ Libra, which is known as a snowball system, had achieved a record course after advertising by Milei before it crashed dramatically hours later. On platform X, Milei had stated that the cryptocurrency was designed to promote the growth of the Argentine economy with the support of small companies. However, after the currency's break -in, Milei distanced himself from the project and claimed that he did not know the details and had no connection. Experts like Javier Smaldone point out that the rapid increase and the subsequent decline are typical of a so -called "RUG Pull", in which fraudsters attract investors before selling their shares shortly before the collapse, as Exxpress.at reported.

rug pull and political consequences