Judge assigned to investigate President Javier Milei’s role in promoting a cryptocurrency that crashed. Milei late on Friday recommended the little-known crypto coin $LIBRA in a posting on X, kicking off a brief rally. He later deleted the posting and denied having any link to the cryptocurrency, which soon plunged. Opposition lawmakers have said that Milei, whose tough austerity program has won plaudits from investors, could face an impeachment trial over his actions. The investigation was assigned on a random basis to veteran Federal Judge Maria Servini after local media reported that more than 100 complaints were presented to Argentina’s judiciary and several even to U.S. courts. The token was launched on a crypto exchange called Meteora, the same platform that launched the $Trump meme coin in January, which saw a rapid surge and slump in which an estimated 200,000 crypto wallets lost money. The case could amount to a \”rug pull,\” a scam in which a coin’s backers lure multiple investors, sending the cryptocurrency’s value soaring, then quickly withdraw their funds, leaving investors with worthless tokens.
Judge assigned to investigate President Javier Milei’s role ….
