An Argentinian judge was assigned Monday to investigate the role of President Javier Milei in promoting a cryptocurrency that crashed, the last shock wave of a scandal that threatened to slow down the leader of the leader libertarian.
Friday, Milei recommended the Crypto Coin $ Little known in a publication on X, launching a brief rally. He then deleted the publication and denied having a link with the cryptocurrency, which quickly plunged.
The country’s fintech chamber declared that the case could constitute a “carpet traction”, a scam in which the donors of a room attract several investors, sending the value of the value of the cryptocurrency, then Quickly remove their funds, leaving investors with worthless tokens.
Opposition legislators said Milei, the difficult austerity program of which, has won investors and makes progress in rampant inflation in tame, could face an indictment on its actions.
Argentina Benchmark S&P Merval. The MerV stock market index dropped by 5.6%.
The investigation was attributed to a random base to the Federal Veteran Judge Maria Servini after the local media reported that more than 100 complaints had been presented to the judicial power of Argentina and several in the American courts.
“The Milei government is suffering from the greatest reputation crisis of its government,” said Council Wise Capital, noting that the token was now qualified as hoax.
Observatorio Del Derecho at the Ciudad, a local NGO, has filed a legal action accusing Milei and other government representatives in an illicit association, fraud and violation of their functions as civil servants.
“We denounce Milei as part of an illegal association which organized a scam with the cryptocurrency of $ Balance which simultaneously affected more than 40,000 people with a loss of more than $ 4 billion,” He declared on his website.
A source from the government said Milei himself was the greatest victim of fraud.
“The only one in the face of this land which was deceived is Milei,” said the source, speaking of anonymity conditions. “Javier promotes private projects all the time and will continue to do so.”
The Milei government defended the deregulation of the market and took a co -chainsaw.
The token was launched on an crypto exchange called Meteora, the same platform that launched the room even $ Trump in January, a cryptocurrency that experienced a rapid increase and a crisis in which around 200,000 cryptographic wallets have lost money.
The co-founder of Meteora, Ben Chow, denied in an article on X on Saturday that his team played a role in launching $ Libra, adding that the company “had never had access to the tokens or to Milei” .
Chow added on Monday in a subsequent position that the company “had no involvement in the project beyond providing computer support, in particular by commenting on the liquidity curve and helping to check the authenticity of the token after launch publicly token. “
Analysts said the opposition is unlikely to collect votes to go through an indictment procedure. An in progress in the course of Milei’s participation could undermine his government from his government before the mid-term elections this year, putting an opposition a rescue buoy.
Some investors reacted on social networks during the angry weekend, saying that they had been scammed their economies by the president of Argentina, while the supporters of Milei defended him as a victim of attacks to political motivation.
Milei himself came out by swinging, accusing his enemies in another post X Friday of trying to take advantage of the situation.
“This increases our conviction to kick them in the ass,” he added.
