Argentine President Javier Milei Accused of Violating Article 265 of the Penal Code
Lawyers have filed criminal fraud charges against Argentine President Javier Milei following his support for the cryptocurrency $LIBRA, whose price plummeted drastically from $4,978 to less than half a dollar.
The charges cite violations of Article 265 of the Argentine Penal Code concerning market manipulation after on-chain analysis revealed that 82% of the tokens were controlled by insiders who withdrew $87 million in USDC and SOL from liquidity funds. The implications of the scandal extend beyond immediate financial losses.
