After the collapse of a cryptocurrency he advertised by him, the President Javier Milei from Argentina rejected accusations that he had promoted the project. “I didn’t advertise for it, I spread it,” said Milei on Monday at the TN station.
The transactions or the subsequent collapse of the cryptocurrency are “a problem between private individuals”. The state plays “no role”. He himself acted “in good faith”.
According to the Argentinian media reports, Milei had referred to the Cryptocurrency $ Libra via X last Friday evening via X, the goal of which was “stimulating the growth of the Argentinian economy by financing small companies and Argentine entrepreneurs”.
Only a few hours later, Mimei removed the contribution and he stated that he had decided not to apply for the project after he had learned more about it. Shortly after advertising Mileis, the cryptocurrency had reached a record course – and then crashed.
Win from $ 107 million
Expert Javier Smaldone described the cryptocurrency as a “carpet pulle”, a widespread type of snow bales system in the crypto industry. As many investors as possible are attracted to a new cryptocurrency. As soon as the value of the currency has risen sharply, the large shareholders sell their shares and breaks down the currency.
According to Smaldone, this process took about two hours at $ Libra. “The win is around $ 107 million,” said the computer scientist of the AFP press agency.
According to Laissez-Fair, state research
After the collapse of the cryptocurrency, Milei ordered an investigation of the case. He explained X that he did not know the details of the project and “clearly had no connection”.
Given the events, the Argentinian presidential office that Milei himself had engaged the anti -corruption authority, among others, to investigate whether a member of the government, including the president, was abused. ” Milei was in no way involved in the development of cryptocurrency. A special unit of the OA will also investigate the rise of the cryptocurrency and all companies and people related to it.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
