Argentine President Javier Milei is likely to be held accountable for the LIBRA token controversy. Argentina’s Anti-Corruption Office has launched an investigation into the matter, and more than 100 criminal complaints have been filed against Milei and related parties.
Milei has defended his actions, claiming that he only shared information that he believed would benefit Argentine businessmen. However, critics have accused Milei of market manipulation and political scandal.
US prosecutors are also reportedly considering charges against Milei and related parties. Therefore, Milei is likely to be held accountable for the controversy and face legal consequences.
🔺The losses from the Libra crash are estimated to be more than US$4.4 billion in market capitalization. The price of the Libra token plunged nearly 89% in just a few hours, from around US$4.50 to US$0.50. Trading volume reached US$1.1 billion before the sell-off intensified.
🔺In addition, 24 wallet addresses were recorded as losing more than US$1 million, and 61 other addresses suffered losses of more than US$500 thousand. One of the most striking cases was an investor who spent US$5.6 million to buy 2.1 million Libra tokens, but his investment almost disappeared without a trace.