Argentine President Javier Milei is dealing with heavy criticism after selling a cryptocurrency that shortly misplaced virtually all its worth. Now, opposition leaders need him impeached, saying he carelessly backed a dangerous funding.
On Friday evening, Milei posted on X about $LIBRA, an obscure crypto token. Virtually instantly, its worth shot up, reaching almost $5. However simply hours later, it collapsed to beneath $1, fueling hypothesis of a rug pull, a rip-off the place builders artificially pump up a coin’s worth earlier than dumping it for revenue.
Opposition lawmaker Leandro Santoro didn’t maintain again, calling the scenario a nationwide embarrassment and saying it warranted impeachment. Argentina’s fintech chamber additionally raised considerations, suggesting it might be a part of a wider rip-off.
Milei deleted his post virtually instantly and sought to distance himself, saying he hadn’t recognized the specifics of the challenge and ceased selling it as soon as he understood what was occurring. However the harm was carried out. Now critics are asking why the head of a nation hobbled by financial upheaval would facilely endorse the unproven cryptocurrency.
Additionally Learn: Argentina Prez $LIBRA Crypto Token Row: Who Won and Who Lost?
