#MileiMemeCoinControversy In February 2025, Argentine President Javier Milei faced a scandal over his promotion of a cryptocurrency called $LIBRA. Milei posted a tweet on the X platform (formerly known as Twitter) describing the project as a means to “stimulate Argentina’s economic growth.” Following his endorsement, the value of the currency rose rapidly but then collapsed, causing significant financial losses for investors.
This event led to accusations of a “rug pull,” where a cryptocurrency is promoted to attract investors before developers suddenly withdraw funds, leaving investors with significant losses. As a result, Milei’s opponents filed legal complaints accusing him of fraud and called for impeachment proceedings.
Milei denied any involvement in the development of the currency and requested an investigation by the Anti-Corruption Bureau to determine whether any illegal actions were committed by him or other government officials.
