There’s a storm brewing in Argentina, and it’s got nothing to do with the weather.
President Javier Milei is in the crosshairs over the LIBRA cryptocurrency scandal, and it’s getting messy.
Federal Prosecutor Eduardo Taiano is on the case, and he’s not playing games.
He’s after $110 million in assets tied to the scandal, and he wants those deleted social media posts back, yes, even the ones where Milei was hyping up the Solana-based memecoin.
The plot thickens
Taiano’s not just fishing for posts, he’s also after detailed records of all LIBRA transactions, especially around February 14-15 when the token’s trade volume went through the roof.
He’s freezing digital wallets to prevent any funny business and reaching out to foreign exchanges for more info.
It seems some insiders managed to cash out a cool $107 million before the token tanked. Talk about timing, and you know, probably breaking the law.
Insider deals and money trails
Here’s where it gets interesting, because it’s not called public ledger by accident. Investigators found a transfer of $4.5 million from a scandal-linked wallet to a new address.
Some of that cash was used to buy a memecoin called POPE. Holy moly. It’s like they’re trying to launder money through memes.
The prosecutor wants phone records and visitor logs from the presidential residence, and he’s making a list of blockchain experts who might know something.
F*ck around and find out
Milei’s in trouble. He faced calls for impeachment after endorsing LIBRA, which was supposed to help small businesses but ended up being a quick cash-grab for insiders.
The token peaked at a $4.5 billion market cap before crashing over 90% in less than a day.
Milei claims he just spread the word, but that’s not washing with anyone. This scandal, dubbed Libragate, has hurt his popularity and made it tough for him to build alliances ahead of elections.
So, it looks like Milei’s got some explaining to do. The LIBRA scandal is a mess, and it’s not going away anytime soon.
Have you read it yet? Bitcoin’s big comeback on the horizon, new ATH by June?
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