#AirdropSafetyGuide Buenos Aires. The Argentine president Javier Milei starred in a global financial scandal that is triggering what could be the most serious political crisis of his term, after the far-right leader promoted last night on his X account the new cryptocurrency $Libra, "a private project – according to his words – to incentivize the Argentine economy and fund small businesses and ventures," which are disappearing day by day due to government economic measures.

Such an announcement initially attracted crypto investors; then it generated suspicions of fraud and ultimately caused losses to thousands of people, mostly investors with modest savings, in a context of high inflation and economic crisis.

The price of $Libra went from fractions of a cent to a maximum of 4,978 dollars minutes after the message that the president sent at 7 PM on Friday, but then the quote collapsed to 0.19 dollars, in an operation known as Rugpull, a type of scam in which a developer launches an attractive token to capture contributions, then withdraws the funds, already inflated, and abandons the project, leaving those coins worthless.