The President of Argentina faces significant political pushback after a token he endorsed became a financial catastrophe for investors.
Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.
The Solana-native Libra (LIBRA) token started its rally on Feb. 14, shortly after Milei posted about the project on X, formerly Twitter. His now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “encouraging the growth of the Argentine economy.”
Milei’s deleted X post. Source: Kobeissi Letter
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