Argentine President Javier Millie was shot after his public support for the scale coding currency to a financial disaster. The unknown value increased in the value after Milei promoted X, only to retreat within hours, which led to accusations of manipulating the market and calling for its isolation.
Support for encryption that led to reverse results
Friday night, Millie to publish A tweet is now praise for $ Libra, describing it as a special project that supports Argentina’s economic growth. Almost immediately, the distinctive code price has risen to nearly $ 5 for the coin, attracting a wave of investors who yearn for money.
But the excitement was short -term. Just hours later, the scale has collapsed less than $ 1, millions of market value. Holders of the large portfolio threw large quantities of scales, indicating the classic “pulling of the rug” – a scheme where the first investors amplify the price of the distinctive symbol before selling their property, leaving the subsequent buyers of value.
According to KIP Network, a web3 company associated with the symbol, has denied fraudulent activities. However, its previous links with Blockchain government initiatives in Argentina have fueled speculation about internal coordination.
Milli dismissal threats to the scale version
The accident angered the opposition lawmakers, as Lendro Santoro led Milei invitations. Santoro described a catastrophe as a “national embarrassment”, accusing the reckless financial promotion head at a time when Argentina fights economic turmoil.
Millie quickly deleted X Post, later claiming that he had no connection with encrypted currencies and was not aware of the details of the project before promoting it. “I removed the post as soon as I learned more about the situation,” he said. However, the damage was done. Critics argue that the president should not support irresponsible financial products, especially since Argentina is struggling with three -numbers and faltering economy.
In the face of escalating pressure, the Miley government launched an internal investigation, led by the Anti-Corruption Office in Argentina (OA), to assess whether any government figures-including Milli himself-have caught the misconduct.
The opposition is pushing to Congress to form a special investigation committee, and legal analysts indicate that the repercussions can accelerate the dismissal procedures. Meanwhile, the burning investors are demanding the collapse of the scale accounting, as social media has been overwhelmed by losses exceeding hundreds of thousands of dollars.
