#MileiMemeCoinControversy

A cryptocurrency promoted by Argentine President Javier Milei has been hit by a major scandal after its value collapsed. Milei has been accused of fraud over his involvement with the cryptocurrency project, leading to calls for his impeachment. Scandal details

CFO: Milei’s cryptocurrency advisor has been accused of paying his sister, Karina Elizabeth Milei, to influence him.

Currency crash: LIBRA, which was launched on the Solana blockchain, has seen a sharp collapse after its market cap hit $4.5 billion, losing more than 90% of its value in a matter of hours.

US authorities are considering legal action over the advisor’s American citizenship and the presence of American investors in the project.

Lack of response: The Argentine government has not issued any official response to reports of the scandal, while the president’s sister remains silent on the allegations.

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The advisor, Hayden Davis, has been linked to other failed cryptocurrency projects, further complicating the situation