Argentine President Milei stands accused of fraud for endorsing the LIBRA token in a now-deleted post. This token saw an astounding surge of 3,223% before plummeting 96%, resulting in an investigation that has sparked outrage.

The legal action reveals troubling aspects surrounding this cryptocurrency. Investigations into suspicious trading activities jumped after the drastic token performance. Critics suggest Milei’s actions were reckless, especially considering the volatility present in the crypto market.

Political opponents call for accountability, citing the devastating effect of the token’s collapse on investors. This incident highlights the unpredictable nature of cryptocurrency investments and the responsibilities that come with promoting such assets.

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