Did Milei Just Bury a Crypto Scandal? LIBRA Probe Shockingly Halted!
Argentina’s Milei shuts down LIBRA crypto probe amid fraud allegations. Is this a cover-up or closure?
On May 20, 2025, Argentine President Javier Milei dissolved a task force investigating the LIBRA memecoin scandal, sparking controversy. LIBRA, a Solana-based token Milei promoted on X in February, surged to a $4 billion market cap before crashing 90%, costing investors millions. Allegations of fraud and insider trading emerged, with claims that Milei’s sister, Karina, was paid to influence him. The task force, formed in February, was disbanded after reportedly submitting findings to prosecutors, but critics argue this move stifles transparency, especially after a judge recently ordered Milei’s bank records unsealed. The decision could shake investor confidence in Argentina’s crypto market, potentially impacting Solana’s reputation due to LIBRA’s blockchain ties. For new investors, this highlights the risks of memecoins and political endorsements in crypto. While Milei claims minimal local impact, blockchain data suggests over 15,000 wallets were affected. Regulatory scrutiny and public distrust may grow, urging caution in volatile markets.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
