#AirdropStepByStep Buenos Aires. The Argentine president Javier Milei was at the center of a global financial scandal that is triggering what could be the most serious political crisis of his term so far, after the far-right leader promoted last night on his X account the new cryptocurrency $Libra, "a private project –according to his words– to incentivize the Argentine economy and fund small businesses and ventures," which are disappearing day by day due to government economic measures.
Such an announcement initially attracted crypto investors; later it raised suspicions of fraud and ultimately caused losses to thousands of people, mostly investors with modest savings, in a context of high inflation and economic crisis.
The price of $Libra went from fractions of a cent to a maximum of 4,978 dollars minutes after the message that the president sent at 7 PM on Friday, but then the price collapsed to 0.19 dollars, in an operation known as Rugpull, a type of scam in which a developer launches an attractive token to gather contributions, then withdraws the funds, already inflated, and abandons the project, leaving those coins worthless.
