The lead prosecutor investigating Argentine President Javier Milei’s alleged participation in a scandal involving LIBRA has requested the freezing of property associated to the case and the restoration of deleted social media posts, together with a Milei tweet selling the Solana-based meme token.
Eduardo Taiano additionally requested detailed data of LIBRA transactions.
In a publish on the social media platform X final month, Milei promoted LIBRA, which was supposed to assist the Argentine financial system by funding small companies and startups, telling his followers that “the world desires to spend money on Argentina.”
LIBRA, which shot up in worth to a market cap of about $4.5 billion. However quickly after, it collapsed, main some observers to allege it was a pump and dump scheme.
Milei then deleted his tweet, and attorneys filed fraud costs in opposition to him.
Earlier than LIBRA’s implosion, a small assortment of wallets holding a lot of the token provide cashed out. Crypto entrepreneur Hayden Davis, of selling companies and funding agency Kelsier, admitted that he ended up with a stash of $100 million from the mission.
Taino has requested worldwide exchanges, legislation enforcement and regulators to cooperate in freezing funds, Argentine day by day Clarín reported.
Decrypt contacted Argentina’s public prosecutions workplace for remark.
President Milei has been a darling of right-leaning voters and Bitcoiners who like his libertarian beliefs.
The Argentine chief has additionally received admiration by slashing authorities spending and for different measures which have minimize into the nation’s excessive inflation.
However the former economist has seldom spoken about Bitcoin and in 2022—earlier than he was president—traders sued Milei for posting about one other crypto platform, CoinX, that allegedly falsely promised big returns to customers.
Meme cash and tokens have made headlines since U.S. President Trump and his spouse Melania debuted their very own digital tokens forward of his Jan. 20 inauguration. Each tokens—Solana-based TRUMP and MELANIA—rocketed up in worth earlier than crashing down once more.
Edited by James Rubin
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