Gwolf (Slashdot reader #26,339) writes: On Friday, February 14, the Argentine Libertarian President, Javier Milei, promoted the newly created $ Libra Cryptocoin, created by the LIVA LA LIBERTAD PROJECTstrongly aligned with his political party, La Libertad advances. Milei tweeted, “This private project will be dedicated to promoting the growth of the Argentine economy, financing small new companies and companies. The world wants to invest in Argentina!”
It is worth noting that the website of the project was recorded only three minutes before Milei tuite its support. Cryptoin quickly reached a market capitalization of $ 4.6 billion… Only to instantly lose 89% of its value, with nine main investors taking out the carpet from the investors of the enthusiasts. More blog details Web3 is going well:
[W]In the hours of the launch, experts began selling their token holdings. The Token had been highly concentrated among experts, with about 82% of the file held in a small group of seemingly internal addresses. Those experts charged around $ 107 million, starring the price of Token in around 95%. After the accident, Milei eliminated his tweet promoting the project. He later said that “I was not aware of the details of the project.”
UPDATE: CNN reports that Argentine president Milei is now facing the accusation.
The Presidency announced on Saturday an investigation into the matter, saying: “President Javier Milei has decided to immediately involve the Anti -Corruption Office to determine if there was incorrect conduct by any member of the National Government, including President himself.”
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