US EditionArgentina Congress Accuses President Milei of Promoting Crypto Fraud
The report says 114,410 virtual wallets lost money in a $LIBRA crypto rug pull scheme linked to President Milei, with 36 wallets profiting over $1 million, lawmakers said.
- A commission chaired by opposition blocs released a final report on Tuesday in the Chamber of Deputies concluding President Javier Milei committed alleged fraud and forwarded findings to Congress after three months of investigation.
- On February 14, 2025, Milei posted a social-media call to invest in $Libra as it launched, boosting demand while creators sold at higher prices, triggering a collapse called a `rug pull` by industry specialists.
- A total of 114,410 virtual wallets suffered losses, with 498 losing more than $100,000 and 3,144 losing between $10,000 and $100,000, while 36 virtual wallets each earned more than $1 million after reviewing 10 technical and documentary files.
- The commission forwarded its conclusions to Congress to assess `poor performance`, but lawmakers say impeachment proposals have little chance, especially after new pro-Milei lawmakers take office on December 10.
- Lawmakers argued the $LIBRA case is not isolated, tracing similar December 2024 KIP Protocol token schemes and noting administration officials failed to cooperate, prompting the investigative committee to plan complaints.
11 Articles
11 Articles
Congress report into ‘$LIBRA’ scam accuses Milei of crypto fraud
Commission points finger at President and his sister in $LIBRA collapse, alleging judicial cover-up; Final opposition-led report by lawmakers says Milei violated public duties and alleges official withheld information.
Argentine congressional committee says Milei played key role in the alleged $Libra scam
The group has presented its final report and warned that the far-right leader ‘used the presidential office’ to promote the cryptocurrency for the benefit of ‘a group with privileged information’
“Clearly everything points to Eduardo ‘Lule’ Menen and Karina Milei in the arming of corruption schemes,” said the legislator
The radical deputy presented the conclusions of the report of Deputies on the maneuver with the cryptocurrency that spread Javier Milei and maintained that the presidential participation was "impensible" for the scam to materialize. Read more
Argentina's President Milei indicted over alleged crypto-related fraud by Congress
Argentina’s congressional committee has released an investigative report accusing President Javier Milei of bearing “political responsibility” for what it calls a potentially fraudulent cryptocurrency scheme. The finding, delivered by a panel within the Chamber of Deputies, centres on Milei’s public endorsement of the $LIBRA meme coin earlier this year and alleges impropriety tied to its sudden collapse. The report, driven largely by opposition …
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