The lead prosecutor investigating Argentine President Javier Milei's alleged participation in a scandal involving LIBRA has requested the freezing of assets related to the case and the recovery of deleted social media posts, including a Milei tweet promoting the SolanaThe ‘based on meme token.
Eduardo Taiano has also asked for detailed records on LIBRA transactions.
Milei, in a recent post to the social media site X, promoted LIBRA as a way of helping the Argentinean economic system by financing small businesses and startup companies. "the world wants to invest in Argentina."
LIBRA’s market capitalization soared to $4.5 billion. It collapsed shortly after and some observers alleged that it was part of a pump-and-dump scheme.
Milei deleted the tweet and then attorneys You can find out more about this by clicking here. He is facing fraud charges.
Before LIBRA's implosion, a small collection of wallets holding most of the token supply cashed out. Hayden Davis of Kelsier Marketing Services and Investments, a marketing firm, is a crypto entrepreneur. admitted He ended up having a $100 million stash from the project.
Argentine Daily Taino asked law enforcement, regulators and international exchanges to collaborate in freezing money Clarín reported.
Decrypt contacted Argentina's public prosecutions office for comment.
Milei is a favourite of Bitcoiners, who admire his libertarian principles.
The Argentine leader has also won admiration by slashing government spending and for other measures that have cut into the country's high inflation.
But the former economist has seldom spoken about Bitcoin and in 2022—before he was president—investors sued Milei, for posting about CoinX which allegedly promised falsely huge returns to its users.
Since Melania Trump, the wife of U.S. president Trump, and her meme coins have been making headlines Debuted His Jan. 20th inauguration. Both tokens—Solana-based TRUMP You can also find out more about the following: MELANIA—rocketed up in value before crashing down again.
James Rubin, Editor
