Argentine federal prosecutor Eduardo Taiano is investigating the Libra memecoin scandal, which is allegedly linked to President Javier Milei.
Accusations Related to Libra
The investigation focuses on the Solana-based memecoin Libra, which President Javier Milei promoted on social media. After his endorsement, the token's market cap surged to over $2 billion before crashing, losing over 90% of its value. Prosecutor Taiano seeks to freeze over $110 million in proceeds from Libra's launch.
Javier Milei's Reaction
Milei distanced himself from the project, denying detailed knowledge and deleting his promotional post. Meanwhile, the opposition is calling for his impeachment, though his allies argue he was not directly involved in the token's creation.
Hayden Davis' Role
Hayden Davis, the CEO of Kelsier Ventures, appears to have played a central role in the Libra scandal and in getting the president to endorse it. Davis stated that he is the custodian of all proceeds from the token's collapse, amounting to over $110 million.
The investigation into the Libra scandal continues to deepen as prosecutor Taiano aims to clarify President Javier Milei's involvement in the case.
