{"id":47676,"date":"2025-02-18T04:20:12","date_gmt":"2025-02-18T04:20:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/argentinas-milei-denies-wrongdoing-in-libra-crypto-crash-i-acted-in-good-faith\/"},"modified":"2025-02-18T04:20:12","modified_gmt":"2025-02-18T04:20:12","slug":"argentinas-milei-denies-wrongdoing-in-libra-crypto-crash-i-acted-in-good-faith","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/argentinas-milei-denies-wrongdoing-in-libra-crypto-crash-i-acted-in-good-faith\/","title":{"rendered":"Argentina\u2019s Milei denies wrongdoing in $LIBRA crypto crash: \u2018I acted in good faith\u2019"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div><\/div>\n<p>Argentine President Javier Milei has denied any involvement in a cryptocurrency scandal that saw investors lose billions after the digital asset $LIBRA collapsed. <\/p>\n<p>Speaking to broadcaster TN on Monday, Milei insisted he merely &#8220;spread&#8221; <a target=\"_blank\" href=\"https:\/\/www.firstpost.com\/world\/argentinas-president-milei-denies-role-in-cryptocurrency-scandal-as-prosecutors-launch-investigation-13864185.html\" rel=\"noopener\">information about the token, not promote it<\/a>. <\/p>\n<p>He said:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>It is a problem between private parties because the State does not play a role here.<\/p>\n<\/blockquote>\n<p>Milei added that he had acted &#8220;in good faith.&#8221;<\/p>\n<h2 class=\"wp-block-heading\">$LIBRA crypto crash: Federal investigation into potential fraud<\/h2>\n<p>Argentina\u2019s federal prosecutor\u2019s office has launched an investigation into whether Milei engaged in fraud, criminal association, or breached his duties when he publicly endorsed $LIBRA on social media. <\/p>\n<p>The digital currency initially surged in value before plummeting, prompting Milei to delete his post hours later, calling it a mistake.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm\"><img loading=\"lazy\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1891433835675475969\/J-TloTb6_normal.png\" alt=\"Crypto Rover\" width=\"48\" height=\"48\" \/><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"Crypto Rover\">Crypto Rover<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@rovercrc\">@rovercrc<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=rovercrc\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>\ud83d\udca5BREAKING: <\/p>\n<p>Argentinian President Javier Milei retweets &#8220;How To Buy <\/span><a href=\"https:\/\/twitter.com\/search?q=%24LIBRA\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">$LIBRA<\/a><span>&#8221; Tutorial, days after deleting his post endorsing the project.<\/p>\n<p>THIS IS CRAZY \ud83d\ude31 <\/span><\/p>\n<div class=\"cacqfhueggAloScon8Ff vbELv9queVpQp7_WI5IK\">\n<div class=\"lA2IAt33tV3Va0ux5nae NWnPO26eXIdqLkDtMFTH\"><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"cMOXrU0jLUAJlX48teJs qKjwtPPLFbJmZprUT2qh\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"padding-bottom:112.5%\"><\/div>\n<p><img src=\"https:\/\/pbs.twimg.com\/media\/GkALTTQWgAYEY9D?format=jpg&amp;name=small\" alt=\"Image\" class=\"_pM7v0lMKodnLxq5lHUq\" loading=\"lazy\"><\/a><a href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" class=\"cMOXrU0jLUAJlX48teJs qKjwtPPLFbJmZprUT2qh\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"padding-bottom:112.5%\"><\/div>\n<p><img src=\"https:\/\/pbs.twimg.com\/media\/GkALTTJWgAUgYUD?format=jpg&amp;name=small\" alt=\"Image\" class=\"_pM7v0lMKodnLxq5lHUq\" loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"9:55 PM \u00b7 Feb 17, 2025\">9:55 PM \u00b7 Feb 17, 2025<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1891524273849663526\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 7.9K likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">7.9K<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1891524273849663526\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/rovercrc\/status\/1891524273849663526\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 432 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>Rights group Observatory for the Right to the City, along with multiple complainants, alleges Milei was part of a &#8220;criminal organization&#8221; that orchestrated a fraud affecting over 40,000 investors, resulting in losses exceeding $4 billion.<\/p>\n<p>Crypto analysts suspect the $LIBRA collapse was a &#8220;rug pull&#8221;\u2014a scam where developers hype a token, attract investors, and then cash out quickly. <\/p>\n<p>The Kobeissi Letter, a global capital markets analysis publication, reported that within minutes of its launch, large holders liquidated millions of dollars worth of $LIBRA, with some cashing out over $4 million.<\/p>\n<p>Economists, crypto experts, and opposition figures have heavily criticized Milei, branding the asset a potential Ponzi scheme. <\/p>\n<p>Former president Cristina Kirchner labeled him a &#8220;crypto-scammer,&#8221; while opposition lawmakers are pushing for impeachment proceedings.<\/p>\n<h2 class=\"wp-block-heading\">$LIBRA crypto crash sends shockwaves through Argentina\u2019s financial markets<\/h2>\n<p>In response to the backlash, Argentina\u2019s presidency announced Saturday that the Anti-Corruption Office would investigate whether improper conduct occurred. <\/p>\n<p>A task force has been formed to conduct an urgent probe into $LIBRA\u2019s launch and the individuals or entities involved. <\/p>\n<p>Authorities will also scrutinize Julian Peh, CEO of companies linked to $LIBRA, and Chamber of Deputies President Martin Menem, who had reshared Milei\u2019s initial endorsement.<\/p>\n<p>The controversy has sent shockwaves through Argentina\u2019s financial markets, with the Buenos Aires Stock Exchange closing 5.58% lower on Monday. Some stocks suffered losses of up to 8%.<\/p>\n<p>Despite the scandal, Milei remains focused on his political agenda. <\/p>\n<p>On Monday, he hosted Republican US Senator Steve Daines in Buenos Aires and is set to visit the United States later this week. <\/p>\n<p>However, political analysts warn that the controversy could dent his credibility, even as his anti-inflation measures continue to win public approval.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2025\/02\/18\/argentinas-milei-denies-wrongdoing-in-libra-crypto-crash-i-acted-in-good-faith\/\">Argentina&#8217;s Milei denies wrongdoing in $LIBRA crypto crash: &#8216;I acted in good faith&#8217;<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2025\/02\/18\/argentinas-milei-denies-wrongdoing-in-libra-crypto-crash-i-acted-in-good-faith\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) Argentine President Javier Milei has denied any involvement in a cryptocurrency scandal that saw investors lose billions after the digital asset $LIBRA collapsed. Speaking to broadcaster TN on Monday, Milei insisted he merely &#8220;spread&#8221; information about the token, not promote it. He said: It is a problem between private [&hellip;]<\/p>\n","protected":false},"author":3947362382,"featured_media":47677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47676"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362382"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47676"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47677"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}