Argentina's President Javier Milei is under investigation for fraud after endorsing the cryptocurrency $LIBRA, which surged and then crashed, causing significant investor losses.
A major political and financial scandal is unfolding in Argentina as President Javier Milei is accused of fraud linked to the cryptocurrency $LIBRA. On Monday, a federal judge initiated an investigation into Milei’s involvement in promoting the digital asset.
The controversy began when Milei used his social media platform to endorse $LIBRA, presenting it as a tool to stimulate economic growth and support small businesses. Within hours of his endorsement, the cryptocurrency's value skyrocketed to a market capitalization of $4 billion, only to crash soon after, leaving investors with significant losses.
Critics have labeled the incident a potential "rug pull" scam—a scheme where developers attract investments, artificially inflate an asset’s value, and then withdraw their funds, causing a sudden market collapse.
Milei, a self-proclaimed "anarcho-capitalist," swiftly distanced himself from the scandal, asserting he had no financial ties to the cryptocurrency’s creators and was unaware of its full details. However, lawyers and human rights organizations have filed complaints, claiming that Milei's actions played a significant role in the alleged fraud.
The federal prosecutor’s office is also investigating whether Milei's involvement breached his official duties or constituted fraudulent behavior. The investigation continues as Argentina grapples with the growing political and financial fallout from this incident.
China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union,...
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing th...
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day....
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), successfully launched into space from the U.S. Cape Canaver...
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing....
China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union, United Kingdom, South Korea, and Indonesia for an additional five years starting Tuesday, 1 July.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), successfully launched into space from the U.S. Cape Canaveral base.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The U.S., Australia, India, and Japan launched the Quad Critical Minerals Initiative to diversify supply chains and reduce reliance on China—despite ongoing tensions over trade and defense spending.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
The United States announced the launch of a critical minerals initiative with Australia, India and Japan on Tuesday as part of efforts to counter China, although ties between the partners have been strained by trade frictions and other disagreements.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment