Milei’s $4.5M Libra Scandal: Did Argentina’s Leader Scam a Nation?
Milei siblings skip $4.5M Libra scam hearing as judge unseals bank records! Is Argentina’s crypto dream a fraud? Uncover the truth now!
Argentina’s crypto scene is reeling as President Javier Milei and his sister Karina skipped a May 18, 2025, virtual court hearing tied to the $4.5 million Libra (LIBRA) meme coin scandal. The token, promoted by Milei on X in February 2025 as a boost for Argentine startups, soared to a $4.5 billion market cap before crashing 90% in hours, costing 10,000 investors over $250 million. Federal Judge María Servini, probing fraud allegations, ordered the Mileis’ bank records unsealed, with security footage showing Karina entering a bank to empty safe-deposit boxes post-endorsement. Posts on X label it “CryptoGate,” with impeachment calls growing.
What’s the fallout? The DOJ and Argentine prosecutors are investigating Milei’s ties to Libra’s creator, Hayden Davis, who bragged about paying Karina for the endorsement. Insiders reportedly dumped $107 million in tokens, fueling rug-pull accusations. This could dent crypto trust in Argentina, where Bitcoin holds at $105,000, and spark tighter regulations. Yet, Milei denies wrongdoing, claiming he only “spread the word.” For beginners, this underscores crypto’s risks—hype can mask scams, so verify projects carefully.
Will Milei face justice, or is Libra just a private blunder? Share your thoughts below! Follow trafy.io for more crypto insights.
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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.
