Argentina’s President Under Fire for Allegedly Backing Cryptocurrency Rug Pull

A new congressional report has accused Argentine President Javier Milei of enabling a massive cryptocurrency rug pull involving the token $LIBRA. The report alleges that Milei’s public endorsements, which allegedly spanned hours during the project’s launch, were instrumental in fueling its explosive trading volume, ultimately leading to a loss of over $107 million for investors. 114,000 wallets suffered significant losses when the token crashed after insiders cashed out quickly. 200-page document published by an opposition committee argues that this project wouldn’t have achieved such massive trading volumes without Milei’s promotion.