US EditionArgentina’s opposition threatens impeachment trial after Milei touts crypto coin
- A judge in Argentina is investigating fraud allegations against President Javier Milei for promoting the $LIBRA cryptocurrency, which lost value shortly after its launch.
- Milei's office stated that he was not involved in the cryptocurrency's development and removed his support to limit negative exposure following public backlash.
- Lawyer Jonatan Baldiviezo claimed that Milei's actions were part of an illicit association to commit fraud related to the cryptocurrency's launch.
- Milei distanced himself from the scandal, emphasizing that he acted in good faith and was unaware of the project details.
398 Articles
398 Articles
Trump Corruption Has Sizable Imitators as Argentine President Milei Helps Launch, then Abandons Meme Coin
On Sunday, multiple criminal charges were filed by lawyers against President Javier Milei of Argentina for promoting the meme coin $LIBRA. The value of the meme coin, launched on February 14, peaked at almost $5 before falling by more than 90 percent within just a few hours, erasing $4.4 billion in market capitalization.There were also moves in the Argentine congress to start impeachment proceedings.Milei had promoted the meme coin on social med…
Argentina's Milei denies role in cryptocurrency scandal as government launches probe
Argentina's President Javier Milei is defending himself against accusations that he promoted a cryptocurrency that crashed, leaving investors with losses worth billions of dollars. The libertarian firebrand had initially posted a message on social media showcasing the launch of a new token on Friday night, saying it would stimulate economic growth. Also in this edition: our reporters in Germany meet the business owners angry at the ruling coalit…
The president of Argentina, Javier Milei, has had to go out to explain publicly about the scandal of the fraudulent cryptocurrencies that he himself made visible
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