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Argentina’s President Javier Milei Under Fire Over Libra Token “Rug Pull”
Prosecutors Press Charges
Lawyers in Argentina have pressed charges against President Javier Milei over the “rug pull” of the Libra token, as reported by the Associated Press. The plaintiffs are accusing Milei of committing fraud, claiming that when he withdrew his support for the token, it lost value, resulting in financial losses for investors.
Milei’s Office Denies Knowledge of Token’s Details
Milei’s office has responded to the allegations, stating that they were unaware of the exact details behind the token and only posted about it on their social media accounts as they do with other projects and startups based in Argentina, aiming to create jobs and attract investments.
On-Chain Research Suggests Possible Connection to Melania Token
On-chain researchers have discovered that the team behind Libra may be the same as the one behind the Melania token, given the number of similar wallets.
Fraud Allegations and Potential Legal Consequences
Milei has not yet been formally charged with a crime, with prosecutors set to meet on Monday to determine if the case is worth pursuing. If found guilty, Milei could face severe legal consequences, including financial penalties and even imprisonment.
Conclusion
The allegations against President Javier Milei over the Libra token’s “rug pull” have raised serious questions about his involvement in the cryptocurrency market and his potential responsibility for the financial losses suffered by investors. As the investigation unfolds, it remains to be seen whether Milei will be held accountable for his actions.
FAQs
Q: What is the Libra token?
A: The Libra token is a cryptocurrency that was launched in 2022 and was marketed as a decentralized, peer-to-peer payment system.
Q: Who is Javier Milei?
A: Javier Milei is the President of Argentina, who has been accused of committing fraud in relation to the Libra token.
Q: What is a “rug pull” in the context of cryptocurrency?
A: A “rug pull” refers to the sudden and unexpected withdrawal of support for a cryptocurrency project, often resulting in a significant decrease in its value.
Q: What are the potential legal consequences for Milei if found guilty?
A: If found guilty, Milei could face financial penalties, imprisonment, or both, depending on the severity of the charges and the jurisdiction in which the case is heard.
