Argentine president Javier Milei was lying in the wrongdoing of his promotion of Libra Memecoin in February, Buenos Aires Herald reported on Saturday.
A resolution issued on Friday of the country’s Anti-Corruption Office argued that the President was speaking “as an economist and not a public official,” when he Shared news of Libra In X.
The President’s personal account “was created long before he was elected president of the country, and before his former term began as a deputy,” according to the resolution, signed by Alejandro Melik, the country’s anti-corruption office leader.
Milei’s post on Solana -based Memecoin has promoted it as a project designed to help the small and medium size of Argentine companies raise capital. Libra advanced to a market capitalization of nearly $ 4.5 billion.
He removed the post a few hours later, saying he didn’t know the details of the project when he advanced it. In the next sale, Libra crashed 90%, wiping the cost of $ 4 billion.
On-chain data from Nansen showed that 86% of traders Lost a total of $ 251 millionwith the rest of the securing of $ 180 million in income.
To exacerbate things, Libra’s co-creator Hayden Davis has revealed this boasting in text messages about His influence on Milei because of the payments he made to Karina MileiThe President’s brother and a strong figure in his government.
Read more: Milei closes Libra’s Investigative Unit after it shares findings with prosecutors
