Argentina's president accused of fraud for crypto disaster


Argentineian President Javier Miley is facing appeasures for impeachment – and legal action accuses him of fraud – for promoting cryptocurrency on social media.

Milei published on X, before that Twitter, about the $ Vibra coin on Friday, which said it would help fund small businesses and start -ups.

He shared a link to buy it, which led to its price. But within a few hours he deleted his post and cryptocurrency worn in value, losing investors a bigger part of his money.

Some members of the opposition of Congress say they plan to start production at Impeach Milei. Meanwhile, lawyers filed complaints about fraud in Argentina's Criminal Court on Sunday.

Some people online have accused Miley of what is known as “pulling a carpet” – where cryptocurrency promoters attract buyers just to stop commercial activities and deal with the money raised from sales. They pointed out that the relationship used to buy coins refers to a phrase that the president uses in his speeches.

But The Argentine Presidential Cabinet was reported on Saturday that the decision to eliminate the publication is to avoid “speculation” after the public reaction when the cryptocurrency is launched.

It says that Miley did not participate in the development of cryptocurrency and that the government's corruption service would investigate and determine if anyone had acted incorrectly, including the president himself.

Jonathan Baldivizo, one of the plaintiffs who filed a legal claim, told the Associated Press that the crime had been fraudulent in which the president's actions were essential. “

Miley's political opponents jumped at the opportunity.

Former presidential Christina Fernandez de Kirchner, who is now in opposition, was highly critical and called him “Crypto“In a publication seen 6.4 million times.

In turnan unprecedented scandal“.

Esteban Palala, a member of the opposition socialist party, He said in an X publication that he would also ask the start of the impeachment proceedingsS



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