#MileiMemeCoinControversy **Scandal with Milei's Cryptocurrencies: Fraud or Error?**

*February 18, 2025* — The cryptocurrency project backed by Argentine President Javier Milei, known as "MileiCoin", is in the eye of the storm following allegations of alleged fraud. The currency, which promised to be an alternative to the peso and combat inflation, has reportedly left thousands of investors with million-dollar losses.

According to a report from the National Securities Commission (CNV), the funds raised were not used to back the cryptocurrency, but rather were allegedly diverted to offshore accounts. Additionally, flaws were detected in the blockchain technology, allowing for the creation of fake coins and manipulation of transactions.

Milei has denied any responsibility, blaming "internal and external sabotage", but the opposition demands a thorough investigation. Meanwhile, the scandal has generated distrust in the crypto market and left many Argentines without their savings.

The case is still developing, but it is already leaving a stain on the relationship between politics and cryptocurrencies.

What do you think about what happened?