Argentinian president promotes crypto scam

[Basman]

https://www.bbc.com/news/articles/cp9x9j89evxo

Quote

Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.

Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.

He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.

Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday.

https://www.reuters.com/world/americas/argentina-main-stock-index-falls-after-milei-crypto-scandal-2025-02-17/

$4 billion has been lost according to the Observatorio del Derecho a la Ciudad, a local NGO.

Coffeezilla interview with developers of LIBRA:

 

[Elliott]

Love it. Buy Trump coin!