The scandal surrounding the LIBRA cryptocurrency continues to escalate, focusing on Argentine President Javier Milei and his alleged ties to the fraudulent scheme.
Background of the LIBRA Scandal
LIBRA, supported by Argentine President Javier Milei, resulted in financial losses for many investors. The memecoin reached a market value of $4.5 billion before collapsing.
Interpol Request and Role of Gregorio Dalbon
Argentinian lawyer Gregorio Dalbon requested an international arrest warrant from Interpol for Hayden Davis, the creator of LIBRA, suggesting that Davis may have obstructed the investigation by leaving the United States. Although investors receive support from the crypto community, the request was submitted to the prosecutor and judge.
Role of President Javier Milei and Consequences
Argentine President Javier Milei actively promoted LIBRA by sharing promotional materials on social media. After the token's price crashed, Milei deleted the related posts, claiming no connection with the project.
The crisis around the LIBRA cryptocurrency highlights the need for transparency to protect investors' interests and provide oversight by state authorities.
