{"id":1802,"date":"2025-04-08T23:41:10","date_gmt":"2025-04-08T15:41:10","guid":{"rendered":"https:\/\/84news.top\/?p=1802"},"modified":"2025-04-08T23:41:10","modified_gmt":"2025-04-08T15:41:10","slug":"argentine-congress-backs-inquiry-into-milei-crypto-scandal","status":"publish","type":"post","link":"https:\/\/cloudfclub.com\/index.php\/2025\/04\/08\/argentine-congress-backs-inquiry-into-milei-crypto-scandal\/","title":{"rendered":"Argentine Congress backs inquiry into Milei crypto scandal"},"content":{"rendered":"\n

The libertarian president hailed the $LIBRA meme coin as a “private project” aimed at “stimulating the growth of the Argentine economy, by financing small businesses and Argentine entrepreneurs.”<\/p>\n

“The world wants to invest in Argentina. $LIBRA,” he wrote on the social network X on February 14, in a post he deleted hours later after the currency crashed.<\/p>\n

Industry experts have called the operation a “rug pull” — a scam where developers unveil a crypto token, attract investors, then quickly cash out.<\/p>\n

$LIBRA went from boom to bust all in the space of a day.<\/p>\n

After Milei’s apparent thumbs-up, it soared in value but then plummeted 90 percent within two hours. <\/p>\n

Milei later claimed he “did not know the details of the project.”<\/p>\n

On Tuesday, the lower house voted by 128 members in favor to 93 against and seven abstentions to launch an inquiry into the currency, which moved more than $4.5 billion and caused investors to lose approximately $250 million. <\/p>\n

MPs also approved a resolution to summon Economy Minister Luis Caputo and Justice Minister Mariano Cuneo Libarona, among other senior officials, to testify over the affair.<\/p>\n

A judge has been tasked with investigating Milei’s connection to $LIBRA amid allegations that he was complicit in fraud, consorted with criminals or was in breach of his duties.<\/p>\n

\u00a9 2025 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"

Buenos Aires (AFP) \u2013 <\/span> Argentina’s Congress on Tuesday backed the creation of a commission of inquiry into a cryptocurrency promoted by President Javier Milei that soared then crashed, losing investors hundreds of millions of dollars. <\/p>\n<\/p><\/div>\n

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Issued on: 09\/04\/2025 – 01:41<\/span>Modified: 09\/04\/2025 – 01:39<\/span><\/p>\n

\n <\/span> 1 min<\/div>\n<\/p><\/div>\n
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<\/i><\/p><\/div>\n<\/p><\/div>\n

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\"Argentine<\/p>\n","protected":false},"author":1,"featured_media":1801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2],"class_list":["post-1802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-db"],"_links":{"self":[{"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/posts\/1802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/comments?post=1802"}],"version-history":[{"count":0,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/posts\/1802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/media?parent=1802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/categories?post=1802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cloudfclub.com\/index.php\/wp-json\/wp\/v2\/tags?post=1802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}