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Crypto Scandal: Argentina’s President Javier Milei at the Heart of a Financial Firestorm

Many Argentines, who hoped for an economic revival with Javier Milei, are starting to be disillusioned. Their president, self-proclaimed hero in the fight against inflation, finds himself at the center of a major financial scandal today. After boasting about the merits of crypto LIBRA on X, its value soared to over $4.5 billion… before collapsing by 94% when Milei deleted his post. Allegations of fraud, suspicions of “pump and dump”, judicial investigations, and threats of impeachment: the Argentine president is now in the eye of the storm.