Argentine President Javier Milei is facing scrutiny for his promotion of the Libra cryptocurrency token, which crashed within hours after launch due to accusations of fraud. Legal experts claim that Milei’s endorsement played a key role in what they describe as an illicit scheme resembling a classic “rug pull.” 107 million USD Coin was withdrawn from the project before it crashed. 82% of the tokens were unlocked and sellable from the start, raising alarm bells for analysts. 82% of LIBRA’s supply was available to be sold immediately, which is considered a red flag. Following the crash, Milei deleted his promotional post, claiming ignorance about the project, but political opponents accused him of involvement in an illegal scheme. The Argentine Anti-Corruption Office has been asked to investigate government members and potential criminal activity.