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.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies...
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in secur...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know....
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and th...
China said on Saturday it had launched a coast guard patrol east of Taiwan, prompting a strong protest from Taipei, which accused Beijing of illegally...
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in security, with a bilateral meeting planned with Turkish President Recep Tayyip Erdoğan as Paris seeks closer coordination with key allies.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
The World Meteorological Organization (WMO) has raised its forecast for the rapid emergence of a strong El Niño, warning the climate pattern is likely to drive higher global temperatures and intensify extreme weather in the months ahead.
India is investigating a data breach at Tata Electronics that exposed sensitive documents linked to Apple's unreleased iPhone 18 Pro, marking the government's first public comments on the incident.
Iran and the U.S. have concluded indirect talks in Doha without a major breakthrough, with discussions focused on maritime traffic in the Strait of Hormuz and frozen Iranian funds. Both sides are expected to meet again after the funeral of Ayatollah Ali Khamenei.
International politicians and religious leaders have paid respects to Iran's late Supreme Leader Ali Khamenei throughout the day, ahead of his six day funeral ceremony which begins on Saturday. His casket is currently on display at the Iman Khomeini Grand Mosalla in Tehran.
Germany has requested urgent talks with China's ambassador following reports that Chinese authorities trained Russian soldiers, adding fresh strain to relations between Beijing and Europe amid the war in Ukraine.
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in security, with a bilateral meeting planned with Turkish President Recep Tayyip Erdoğan as Paris seeks closer coordination with key allies.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
China said on Saturday it had launched a coast guard patrol east of Taiwan, prompting a strong protest from Taipei, which accused Beijing of illegally expanding its authority and undermining regional stability.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know.
Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said, as Ukrainian strikes on Russian energy infrastructure continued to add pressure to fuel supplies inside Russia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment