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Argentina’s crypto scandal dings Milei, involves strange mix of characters

Argentine President Javier Milei is under investigation for promoting the meme coin $LIBRA, linked to a scandal dubbed 'cryptogate,' which includes various public criticisms and legal complaints.
The price of $LIBRA skyrocketed to over $4 billion after its launch but quickly collapsed, leading to numerous criminal complaints against Milei.
A poll conducted by Zuban Cordoba and Associates showed that nearly 67% of respondents viewed cryptogate as Milei's biggest crisis, with over 83% believing he should stop acting as a social media influencer.
Critics, including Hayden Davis, assert that meme coins like $LIBRA represent a rigged game benefiting a select few, raising concerns about Milei's credibility and foreign investment relations.

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The Globe & Mail

+6 Reposted by 6 other sources

Argentina’s crypto scandal dings Milei, involves strange mix of characters

Argentine President Javier Milei facing corruption probe

22 hours ago·Canada

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Die Presse

Investigation into Argentina's President's Crypto Scandal

Abuse of office, fraud and embezzlement are in the room.

1 day ago·Vienna, Austria

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www.t-online.de

Investigation initiated: Procuratorate targets Argentina's president

Argentina's President Milei is highly disputed. After another scandal, even the prosecutor's office is investigating him.

1 day ago

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Associated Press News

+8 Reposted by 8 other sources

Argentina's crypto scandal dings Milei, involves strange mix of characters

BUENOS AIRES, Argentina (AP) — Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, which is a highly speculative form of cryptocurrency that’s

1 day ago·United States

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Deutsche Welle

Argentina's Milei faces credibility crisis over crypto scam

The political rise of economist Javier Milei to the presidency was largely driven by Argentinians' hope that he could revive the debt-laden country's economic fortunes. But now the libertarian's key credentials as an economic expert have suffered a massive blow as lawyers have filed a fraud lawsuit against him in an Argentine court. What's come to be known as the "cryptogate" scandal is gripping Argentina, with the rapid rise and collapse of the…

2 days ago·Bonn, Germany

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Le Monde

Javier Milei and the crypto scandal revealing large-scale manipulation

The Argentinian president faces political backlash after he promoted a cryptocurrency whose value quickly plummeted. It was launched under suspicious circumstances by a young American claiming to be an 'adviser.'

2 days ago·Paris, France

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