🇦🇷 Argentina’s $LIBRA Meme Coin Scandal

Argentina is embroiled in a political scandal involving the $LIBRA cryptocurrency. On February 14, 2025, President Javier Milei promoted the $LIBRA token, leading to a rapid price surge followed by a severe crash, resulting in approximately $250 million in investor losses. Allegations suggest a “rug pull” scam, with founders holding 70% of the supply and selling off at peak prices. The incident, dubbed “Cryptogate,” has led to calls for Milei’s impeachment and a federal investigation. Hayden Davis, an American marketer linked to the token’s launch, is under scrutiny, with Argentina seeking an Interpol “Red Notice” for his arrest. The scandal has significantly impacted Milei’s credibility and voter support ahead of midterm elections#NewsAboutCrypto