#MileiMemeCoinControversy

*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, is said to have left thousands of investors with million-dollar losses.

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