๐จ Argentine President Javier Milei Faces Fraud Charges Over $LIBRA Crypto! ๐จ
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๐น Big Trouble for Argentinaโs President!
Argentine lawyers have filed fraud charges against President Javier Milei for promoting a cryptocurrency called $LIBRA. The endorsement caused a price surge, but after he deleted his post, investors suffered massive losses.
๐น What is $LIBRA?
$LIBRA is a digital currency developed by KIP Protocol and Hayden Davis. It was available on a website named vivalalibertadproject.com, inspired by Mileiโs famous slogan.
๐น Mileiโs Promotion & The Price Surge!
โ On Friday, Milei posted on social media about $LIBRA.
โ He claimed it would help small businesses and economic growth.
โ His post reached 3.8 million followers, making the price jump from zero to $5!
๐น Massive Crash & Investor Losses!
โ After strong public backlash, Milei deleted the post.
โ Within three hours, the price crashed, wiping out millions of dollars!
โ Many investors suffered heavy losses.
๐น Fraud Charges Filed!
๐ธ Lawyer Jonatan Baldiviezo, alongside other experts, filed the lawsuit.
๐ธ They accused Milei of a โrug pullโโa crypto scam where investors are left with worthless tokens.
๐ธ The lawsuit also claims he violated Argentinaโs Public Ethics Law by promoting a private financial scheme.
๐น Whatโs Next?
โ๏ธ Authorities will soon assign a judge or prosecutor to investigate the case.
โ๏ธ There are even calls for impeachment against Milei!