President of Argentina accused of fraud for a cryptographic accident

The Argentine president, Javier Milei, faces calls of political trial, and legal actions that accuse him of fraud, for his promotion of cryptocurrency on social networks.

Milei published on X, previously Twitter, on La Moneda $ Libra on Friday, which would help to finance small businesses and new companies.

He shared a link to buy it, making its price shoot. But within a few hours, he eliminated his post and the cryptocurrency in chopped value in value, losing investors most of their money.

Some members of the opposition Congress say they plan to begin procedures to dismiss Milei. Meanwhile, lawyers filed fraud complaints in the Criminal Court of Argentina on Sunday.

Some people online have accused Milei of what is known as a “pull of the carpet”, where the promoters of a cryptocurrency attract buyers, only to stop negotiating the activity and earning the money raised by sales. They pointed out that the link used to buy the coins made reference to a phrase that the president uses in his speeches.

But Argentina’s presidential office said Saturday that the decision to eliminate the position was to avoid “speculation” after the public reaction to the launch of the cryptocurrency.

He said that Milei was not involved in the development of the cryptocurrency, and that the government’s anti -corruption office would investigate and determine if someone had acted incorrectly, including the president himself.

Jonatan Baldiviezo, one of the plaintiffs who presented the legal action, told Associated Press, “the crime of fraud was committed, in which the president’s actions were essential.”

Milei’s political opponents have taken the opportunity.

Former President Cristina Fernández de Kirchner, who is now in opposition, was very critical, calling him “cryptographic scammer“In a publication View 6.4 million times.

For its part, the country’s main opposition coalition said it would submit a request to accuse the president, qualifying it “unprecedented scandal“

Esteban Paulón, member of the Socialist Party of the opposition, He said in an X publication that he would also request the beginning of political trial procedures.