Memecoin Scandal Threatens Argentine President Javier Milei

Argentina President Javier Miley has been set on fire for the sudden fall of cryptocurrencies, which has been sued in a case that has been litigated and has called for his prosecution.

Miley is facing more than 100 allegations In the country’s Supreme Court against him, Cryptocurrency was complained by the $ 5 Libra scam, which has caused financial loss to 5 people as a result of the assumptions of opposition politicians.

Feb 14, Argentine Leader Posted a message on his X accountThere are 1.5 million followers: “Liberal Argentina grows! This personal project will be dedicated to the growth of Argentina’s economy, encouraging small Argentina companies and initiatives. The world wants to invest in Argentina $ Libra,” he wrote.

Within minutes, $ Libra has gone from one percent to a fraction of one unit to $ 4.97. But unfortunately for investors, this rent was short -lived. Within a few hours it was submerged for $ 0.19.

Now, the prosecutors will determine whether the president and other possible suspects have enough material to proceed with criminal investigation.

Miley has been accused of helping to raise the price of currency by promoting X, then withdrawn its support as a result of cryptocurrency collapsed.

Former Argentina President Christina Kirchaner claimed that Miley is a “crypto fraud” In a long post at X In which he also accused him of turning the country into a casino where he was Cruupier.

“The President has to come to Congress. He cannot investigate himself, “politician Estaban Palon said, a member of the opposition socialist party, in a message Calling for Miley’s curse at X A.

Miley has moved himself away from this decline, claiming that he did not do anything from the memory.

“A few hours ago I posted a tweet, as I had done numerous times before, about personal initiatives that want to contribute to the development of our country. I have nothing to do with the company that created this cryptocurrency or I have never got any benefits. “In A statement on xArgentina’s President’s Office posted the official account, “True, President Javier Miley has immediately decided to involve the Anti -Corruption Office (OA) that the government, including the President to determine whether any national member had inappropriate behavior. “

Hayden Mark Davis, one of the creators of Cryptocurrency $ Liber, has also blamed Miley for the decline.

The American investor said in a statement published by his farm Celsia’s Ventures, “His team gained his public support at the launch and assured me that his support would continue throughout the process.” “Despite the previous promise, Miley and his team unexpectedly reversed their position, withdraw their support and removed all the previous approval on social media,” claimed that the push sells token.

“It is important to recognize that memory investments are driven by faith and approval. When Miley and his team removed their posts, investors felt betrayed by confidence in the approval of the investors who bought the token. “