Memo Coin Scandal Threats Argentine’s Mairay
Argentine President Javier Miley fired fire due to the sudden collapse of the cryptocurrency he had promoted in a move that called for his bounce each.
Milei faces more than 100 complaints He accused him of taking part in alleged fraud related to cryptocurrency $LIBRA, and opposition politicians estimated that he caused 40,000 financial losses. There is.
On February 14th, Argentine leader I posted a message to his X accounthas 3.8 million followers. “Liberal Argentina will grow! This private project will focus on promoting the growth of Argentina’s economy and funding small Argentinean companies and ventures. The world wants to invest in Argentina.
In a few minutes, $libra went from the value of a cent fraction to $4.97 per unit. Unfortunately for investors, however, the hike was short-lived. Within hours it plunged to $0.19.
Now, prosecutors will determine whether there are enough factors to proceed with criminal investigations against the president and other suspects.
Milei has been accused of helping to inflate the currency’s prices by promoting it with X, and then withdrawing his support to make the cryptocurrency collapse.
Former Argentine President Christina Kirchner claimed that Mairay was a “crypto con man.” x’s long post She also accused him of transforming the country into a casino where he is a Kurupaier.
“The president must come to Congress. He cannot investigate himself,” Esteban Polon, a member of the opposing socialist party, said in a message. X calls for My Ray’s bullet each.
Mylay has since kept his distance from this collapse, claiming he has not benefited from Memocoin.
“A few hours ago, I tweeted about a private initiative that I’d tried to contribute to the development of our country, as I’ve done many times before. I created this cryptocurrency. It has nothing to do with the company and has never received any profits. Statement on xThe official account of the Argentine President’s Office states: “Given the facts, President Javier Mairi has decided to immediately involve the Anti-Corruption Bureau (OA) in order to determine whether some of the members of the nation are inappropriate. President himself government including the government.”
Entrepreneur Hayden Mark Davis, one of the creators of Cryptocurrency $libra, also blamed Milei on the collapse.
“His (Milei’s) team secured his general support at launch and ensured that his support continued throughout the process,” American investors announced his company Kelsier Ventures It was stated in a statement. “Despite previous commitments, Mairay and his team unexpectedly reversed their positions, retracted their support and removed all previous support on social media,” Davis claimed. And he said that this set-off caused panic sales of tokens.
“It is important to recognize that Memocoin’s investments are driven by trust and approval. When Milei and his team deleted the post, investors who purchased the token were trusted based on their support. I felt betrayed.”