What is the controversy of the “library”?
X’s tweet by Argentine President Javier Miley has led to an intercession of encryption that threatens his political position. Everything began when Milei supported the symbolic balance on X, describing it as a project that focuses on enhancing economic growth by supporting small companies and startups.
Looking at the 3.8 million followers of Milei and the credibility it brings as a president, the value of the distinctive symbol increased from nearly $ 5, as it reached a short period of time to a $ 4 billion market capitalization.
However, the support of a general violent reaction was met, which prompted Miley to delete the post in just hours. This led to a huge sale, causing the value of the scale quickly and wiping millions of investor money. The sudden rise and the fall of the scale raised concerns about the potential manipulation and the dangers of political figures that affect the volatile encryption markets.
The VIVA LA LIBERTAD project, which is associated with the code of scale, includes the famous Catchxra La LIBERTAD from Milei (meaning “long freedom” in Spanish) in the name of the field. The declared purpose of the project was to direct funding for Argentine investors and citizens in a decentralized way. Distinguished symbol distribution allocated 50 % of the distinctive symbols for Argentina’s growth, 30 % liquidity and 20 % for the cabinet.
The Al -Mizan team, the distinctive symbol
Hayden Davis is a 28 -year -old American encryption developer and CELSIEREETERES Corporation and had an important role in the controversial Memeco Libra. He said he was a consultant to Miley, although the latter’s office denied any such contact. Davis is also said to have a role in launching Mimikoin from Melania Trump, Melania.
However, the KIP protocol denied their involvement in a statement issued on February 24 via the X handle. The company stated that it was invited by Mauricio Novili on February 13, 2025, to obtain support in financing the small and medium -sized Argentine institutions but it has nothing to do with the creation of the distinctive symbol.
Dave Burtoy, founder of Barstol Sports, said he was contacted by a person connected to the launch of the balances to discuss potential promotional opportunities. The Chefir Company, headed by an unknown “M who”, shared.
Do you know? The scale incident conducted comparisons with the launch of the Trump currency, which is linked to US President Donald Trump. This project also included mecinoin, which saw a rapid increase in prices followed by a sharp drop.
Accusations against President Mile
Argentine President Javier Millie is facing serious accusations after his support for encrypted back. Critics described the incident as a possible fraud, claiming that investors had been lured with the support of the distinctive symbol and invested in the distinctive symbol before collapsing, leaving many of the coins that are not valuable.
Lawyer Jonatan, alongside Marcus Zelia, Eng. Maria Eva Cutsovtos and Economic Claudio Luzano, former president of the Central Bank in Argentina, filed a lawsuit against President Millie, accused of fraud.
Palvizo Claim His actions were useful in an “illegal association” with currency promoters. He repeated the actional organization Del Dyricho, nor will Sidadad these concerns, and presented a case accused of Millie of playing a major role in a scheme claiming that more than 40,000 investors are losing more than 4 billion dollars.
Even Davis, one of the scale developers, claimed that the sudden withdrawal of Miley support contributed to the crash of the distinctive symbol, which means betrayal by the president’s team.
Latin American leaders also expressed concern with the President of Mexico, Claudia Shinbom, male “It is very dangerous if emphasized, especially with regard to the president’s power to promote something special.”
He is said to be under investigation in Spain because of his participation in the scandal of the crystal currency. The accusations include fraudulent operations, manipulation of the market and trading from the inside after the collapse of the scale, which led to great losses to investors.
How did he put his defense?
In response to the accusations, Miley and his office denied firmly to commit any violations. A statement issued by the President’s office confirmed that Miley did not participate in the development of the balance and that his publications on social media only reflect his broader support for entrepreneurship projects.
The statement indicated that Millie regularly promotes business projects as part of the free market philosophy. His support for the KIP protocol, the developers behind the scale, was part of the wider policy.
Anonymous government official motive Millie in communicating with Reuters, on the pretext that if anyone was deceived in this situation, the president himself was. The official stressed that Millie often supports private initiatives and will continue to do so. In a social media post, Miley rejected the controversy as a political attack by his opponents.
Despite these defenses, general doubts about the following are still high. Critics argue that Millie’s huge impact on social media should bring responsibility, especially with regard to financial approvals. The scandal sparked a broader discussion on the moral obligations of political figures in the volatile encryption space, with many interrogating whether the upgrade of Miley is reckless or intended.
Do you know? In the face of criticism, Miley responded to his political opponents, whom he described in an underestimating as “dirty mice of the political class”, to try to exploit the situation for their malicious purposes.
Investigations into the scandal and potential repercussions
The repercussions of President Millie’s support for the encrypted tumor caused an official investigation Calls For his property. Federal judge Maria Serfini is leading the investigation, and she examines whether Millie is involved in fraudulent activities related to the sudden rise in the distinctive symbol.
It is worth noting that the project is under investigation by the US Department of Justice for possible fraud and manipulation of the market. An investigation, under the leadership of the fraud department, may expand the involvement of agencies such as the Federal Office for Investigations, Securities, Stock Exchange and the Ministry of Internal Security.
While some opposition politicians have called for the trial of the dismissal, such a result appears to be uncomfortable. However, the controversy may harm the economic credibility of Milli, especially as Argentina approaches the mid -term elections.
In addition to the judiciary, the Milei administration has established its investigation mission unit (UTI), which consists of representatives of financial and legal organizations and anti -washing. The Anti -Corruption Office has also been activated to investigate the possible misconduct by government officials, including the president. UTI will investigate the launch of the scale, focusing on individuals and entities behind the project.
Do you know? This encryption scandal threatens the damage caused by Milli, which he planted as an economist in reformist thinking to control the inflationary inflation in Argentina and political corruption.
Is the scale carpet?
The scale controversy reflects a classic rug, as the developers exaggerated the value of the distinctive symbol only to drain its liquidity, leaving investors a huge loss – echoing accidents like Hawk Tuah (Hawk) and FROGGY (FROGY), where hidden risks are hidden.
The rug withdrawals are common in decentralized financing projects (Defi), where liquidity pools play an important role. The fraudsters generally create a stir around the distinctive symbol using social media and influencers and sometimes false approvals. When many investors buy encrypted currency and Skyrockkets the price, developers sell their shares, achieve great profits and leave investors unnecessary symbols.
While the Milei “Libragate” is suspected of being a carpet clouds, many prominent carpets have occurred in the encrypted currency. For example, Hawk Tawah (Hook) publishes newspaper addresses after the rug pulling incident. Its value began from $ 500 million to $ 60 million in just 20 minutes on the famous social media Haley Wadsh on December 4, 2024, whose value decreased from $ 500 million to 60 million dollars in just 20 minutes. The incident sparked a widespread violent reaction from both online and legal authorities.
Likewise, Froggy (FROGY) became one of the most huge carpets in 2024. Its fun brand and fast profit promises attract many investors. The developers feed the excitement on platforms such as X and Reddit, and presented them as a project that society moves with strong support.
But as soon as it raised enough money, liquidity drained, causing the value of the distinctive symbol to collapse. Froggy (FROGGY) eventually suffered a 99.95 % destroyed decrease from 0.00001577 dollars, which is the peak of its price.
