Argentinian President Javier Milei faces serious fraud allegations over his endorsement of the LIBRA token, which collapsed hours after launch.
Legal Action and Allegations
Lawyer Jonatan Baldiviezo accuses Milei of participating in an illicit association aimed at defrauding investors. The case is under review by Argentina’s criminal justice system.
What Happened with LIBRA?
The LIBRA token, developed on the Solana blockchain, skyrocketed in value after Milei's endorsement, but its value plummeted by over 94% within hours. The LIBRA team allegedly profited significantly before the crash.
Milei’s Response: Denial and Counterattack
Milei deleted his promotional post, claiming ignorance of the project's details and accusing political opponents of exploiting the situation. His administration has requested an investigation by the Anti-Corruption Office.
The LIBRA token scandal has triggered political turmoil in Argentina, raising the risk of impeachment for President Milei.
