🇦🇷💥 Milei, LIBRA and the meme catastrophe
Argentina's anti-corruption agency found no ethical violations in the actions of President Javier Milei, who promoted the meme-token LIBRA. In February, the token soared to $4.56 billion, but within hours it collapsed by 90% after the president's tweet linking to the smart contract.
Milei claims he was simply "sharing financial innovation," but: ▪️ his post was deleted
▪️ investors filed a lawsuit
▪️ his sister is suspected of connections to the project
▪️ the US has begun its own investigation
▪️ assets worth $100 million are frozen
▪️ Circle blocked $57.6 million in USDC
▪️ and three investigations were launched in Congress
🤯 Crypto chaos has reached an international level.
📌 We are monitoring the developments: will LIBRA be the last spark before a major crash or the beginning of a new wave of meme marketing from politicians?
