Argentina lawyers have filed a fraud complaint against President Xavier Milli after being promoted, but then a post was removed on X about Libra tokens, which later fell into the price.
On Friday, 14 February, Argentina President Xavier Mili posted about the so -called Libra tokens on X, stating that it will “encourage the development of the Argentine economy” by funding that it is an associated press “. ReportAfter the announcement, the price of the token quickly increased by 3,223%, but later crashed up to 90% as Mili removed the post after five hours, saying that they were not aware of the project details. .
His administration later described promotion as a routine, claiming that Miley was only supporting entrepreneurs. The President announced an inquiry whether anyone in his government has worked unfairly.
Argentina’s political opposition is now condemning, former President Christina Fernandez de Kirchner accused him of deception. Some legalists are insisting on the investigation and even impeachment of the Congress.
On Sunday, a group of lawyers formally accused Miley of cheating, saying that their works resembled a “Galicha Bridge” scam, where developers woo investors before leaving a project. Advocate Jonatan Baldivizo argued that the participation of the found was essential for the alleged fraud. The country’s anti -corruption office is now reviewing the case.
The crypto project developed by the Kip Protocol and Hayden Davis allowed to buy tokens through a website referring to the famous slogan of investors. Later in a video post on X, Davis convicted the President for the accident:
“Despite pre -commitments, Miley and his team unexpectedly changed their position, withdraw their support and removed all previous posts on social media.”
Meanwhile, Miley dismissed critics as political opportunists, insisting that he had no connection with the project. A judge is expected to review the case this week.
Potential internal activity
Blockchain analysts say that someone had estimated the launch of Libra, but bought too late, the Crypto lost more than $ 5.3 million. Despite this, an unknown internal formula has been compensated with a USD coin (USDC) of a circle worth $ 5 million, according to Lukchen on 17 February Post X. Rumors suggest that the wallet may be related to the Dave Portnoy, who received the Libra tokens for promotion and had the funds ready to buy in advance.
Analyst on Bableps Is connected The on-chain wallet for the creator of Libra, who redeemed $ 87 million after the launch. The wallet also snatched the Libra-which means that it was quickly purchased in a token at a lower price, before its value increased-and using the funded side address funded through the cross-chain protocol $ 6 Earned million.
Bubblemaps notes that similar on-chain activity was seen with a coin of official meme (melania), which has been lost over 84% of its value since its launch.
The team also found other tokens tied to the wallet, such as Trust, Casey, Vibes and Hoods, which they believe that they were pump-end-dump schemes. Bubblemaps say the manufacturer of Libra has earned more than $ 100 million from these projects.
