Argentine President Javier Milei is facing criticisms following the collapse of a newly launched cryptocurrency, $Libra, shortly after he mentioned it on social media. Despite a brief surge in its value, it quickly plummeted, leading to significant financial losses for many investors. Milei defended his actions, claiming he only shared a link without promoting it and compared the situation to gambling losses. With a judge investigating potential fraud and political tensions rising, opposition leaders consider impeachment while a government office looks into the incident's legality.
"I didn't promote it, I merely shared it," he told Todo Noticias' Jonny Viale."
"If you go to a casino and lose money, what's there to complain about when you knew the risks?"
"Some have argued the $Libra launch resembled a 'rug pull' - where promoters draw in buyers, only to stop trading activity and make off with the money raised from sales."
"The presidential office insisted that Milei was in no way involved in the development of $Libra and announced that the Anti-Corruption Office would determine if the president had acted improperly."
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