Argentine President Accused of Crypto Fraud in $LIBRA Scandal
Argentine lawmakers accuse President Milei of fraud over the $LIBRA crypto scheme as investors suffer losses. Full Content:A congressional commission in Argentina has accused President Javier Milei of alleged fraud after he promoted a cryptocurrency scheme earlier this year. The Chamber of Deputies’ report said Milei and his close aide Karina Milei bear political responsibility for losses suffered by investors in the $LIBRA meme coin. President Milei endorsed $LIBRA in February, claiming it would attract investment to Argentina. The scheme collapsed rapidly, with experts calling it a “rug pull” in which developers launch a token, attract buyers, and then abandon it. The sudden bust left investors losing hundreds of millions of dollars. Milei later said he was not aware of the project’s details. Legal complaints were filed against the president and other key figures, and the commission’s findings have been […]
