Milei's $LIBRA Endorsement Reportedly Led to $100M Cryptocurrency Crash, Investigation Suggested
- Argentine President Javier Milei faces investigation for promoting $LIBRA, a collapsed crypto linked to $100M+ investor losses. - Congressional report claims his endorsement boosted the token's visibility, enabling a "rug pull" and draining liquidity pools. - The probe also ties Milei to prior crypto projects and corruption allegations involving his sister at the National Disability Agency. - Legal actions freeze assets of $LIBRA organizers, while political challenges persist amid a new Congress dominate
Argentine President Javier Milei is under increasing examination after a congressional committee determined that his endorsement of the failed $LIBRA cryptocurrency amounted to official misconduct, urging a formal probe into his activities. The Chamber of Deputies' investigative panel issued a 200-page document
The report highlights that Milei’s public backing of $LIBRA in February 2025—through a social media post that has since been deleted—sparked a spike in trading activity before the token’s sudden downfall, which experts described as a "rug pull." Investigators claim the president’s involvement was "crucial" to the scheme,
Legal and political fallout is escalating.
The controversy adds to Milei’s mounting difficulties, as his administration is already under fire for alleged corruption involving the National Disability Agency (ANDIS), where his sister is accused of accepting bribes from pharmaceutical deals
As the $LIBRA scandal continues to unfold, the report’s focus on systematic avoidance of regulatory oversight raises larger concerns about cryptocurrency governance in Argentina. The conclusions may shape future legislative discussions on digital assets,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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