Argentine president Javier Milei has dissolved by a work force established to investigate the fall from Libra, the scary cryptocurrency project head of state promoted to his social media channel before it falls to zero.
The Investigative Task Force (ITU) was melted through a May 19 decision signed by Milei and justice minister Mariano Cúneo Libarona, government documents revealed.
“The research work unit is dissolved” after its mandate is completed, the translated version of the Decree Read.
The Task Force melted despite pressure from opposition groups, seeking to activate an investigation commission once May 20, local media outlet clarin reported.
Government officials founded UTI in February. 19, just days after President Milei supported Libra in his official X account.
His short-term endorsement sent Libra climbing from the practical worthless $ 5 a token and a nearly $ 5 billion market capitalization, before quickly falling to zero in what appears to be a classic pump-and-dump scheme.
The Fallout from Libra The allegations of allegations in trading and manipulation of the insider, with President Milei were caught in crosshairs.
In addition to dealing with an investigation, Milei’s credentials suffered at home, with almost 58% of Argentinians saying they No longer trusting the president for his role in scandal.
Related: Argentine president Javier Milei refused to promote failed Libra Memecoin
“I haven’t moved it. I shared it”
In a television interview at the Todo Noticias, Milei denied any wrongdoing for project advocacy, claiming that he had only shared information about a project that seeks to help entrepreneurs access funding options.
“I saw a tool that could provide for entrepreneurs, and I spread the word. I acted in good faith and hit,” he said, according to a translation of the interview.
Milei also lowered the losses of investors, claiming to be “in the crowd” 5,000 people were affected – most of whom were Chinese and American. He said that only “four or five” the Argentinans suffered losses.
https://www.youtube.com/watch?v=AOFPG6CTP7s
However, Blockchain data reviewed by Cointelegraph revealed that more than 15,000 dompets sell libra in an income or loss of more than $ 1,000. More than 86% of wallets reported a loss of $ 251 million.
Magazine: Influencers shilling memecoin scams faced serious legal consequences
