Argentine President Javier Milei Faces Legal Scrutiny Over Cryptocurrency Scandal

Javier Milei's promotion of the collapsed cryptocurrency $Libra has led to allegations of fraud and calls for impeachment following significant investor losses.

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Judge Assigned to Investigate Javier Milei’s Role in Crypto Scandal

Epoch Times

Milei Faces Crypto Scandal Crisis in Argentina

Newsmax

Argentina's President Milei denies crypto fraud allegations

BBC News

Overview

A summary of the key points of this story verified across multiple sources.

Argentinian President Javier Milei is under investigation linked to his promotion of $Libra, a cryptocurrency that collapsed soon after its launch, causing millions in losses. Allegations label the incident as a potential 'rug pull,' where insiders allegedly profited while investors suffered significant losses. The promotion led to heavy criticism, lawsuits, and calls for impeachment from opposition politicians. A judge has been assigned to investigate the circumstances surrounding Milei’s role in the project, and he defends his actions, asserting that investors understood the risks.

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