Key dealers
- The Argentine President is facing fraud charges related to $ Libra Token marketing on social media.
- Investors received losses after the Vibra token value collapsed after the president’s social media post and its subsequent deletion.
Argentine President Javier Milei is facing allegations of criminal fraud following his promotion of Libra tokens, which increased to a $ 4.5 billion valuation before crashing.
Argentine lawyers submitted the charges in the Criminal Court on Sunday, claiming that Milei’s promotion of social media constituted an illegal association to commit fraud, according to Ap.
“Within this illegal association, the crime was committed by fraud, where the president’s acts were essential,” said Jonatan Baldiviezo, one of the lawyers who submitted the charges.
The appellants, including Baldiviezo, lawyer Marcos Zelaya, engineer María Eva Koutsovitis and former central bank president Claudio Lozano, characterized the incident as a “carpet trait.” They claim that it violated Argentina’s legislation on public ethics.
Reutants reported Saturday as an opposition lawyer was considering starting an Impeachment trial against President Milei. Opposition figures, including the Leandro Santoro legislature, called the event a scandal and demanded liability.
The next step in the criminal law process will be determined on Monday, with either a judge assigned or the case is referred to a prosecutor.
mercy Promoted $ wave On Friday to X, it presented it as part of Viva La Libertad project, a crypto initiative that probably aims to finance small businesses and start -ups. Hours later, he withdrew its approval And admitted that it was insufficient due to diligence when the value of the token dropped by 85%.
Milei made it clear that he had no connection to the project group and criticized political opponents for exploiting the situation.
The president’s office stated Saturday that Milei was not involved in the development of the project, although they confirmed that Milei and administration officials had met representatives from the Kip protocol, the project’s developer, at the presidential office.
The president’s office stated that the anti -corruption office would investigate and share results with the judiciary.
Hayden Mark Davis, a representative of the Kip protocol, blamed Milei for the collapse of the $ wave.
In a video that was shared on social media, Davis stated that Milei and his team initially supported the project but later turned their position, unexpectedly took back their support and deleted all related posts.
He expressed that this sudden decision opposed previous insurance and contributed directly to the token’s market collapse.
Geckotermin data Shows that the $ wave acted to about $ 0.3 at press time, a decrease of about 26% over the past 24 hours and 92% from its peak.
