Argentine lawyers charge President Milei with fraud over cryptocurrency promotion
Associated PressFEB 2
Argentina: Milei Faces Criminal Charges Over Alleged Crypto Rug Pull
Above: Argentine Pres. Javier Milei leaves the Holocaust Museum after attending an event to commemorate International Holocaust Remembrance Day in Buenos Aires on Jan. 27, 2025. Image copyright: Luis Robayo/AFP via Getty Images
The Spin
Narrative A
Milei has routinely shared posts on his personal accounts to support entrepreneurs who want to help boost the Argentine economy. It's absurd — though not shocking — that the country's leftist political establishment are now seeking to take advantage of the collapse of the token to attack him.
Narrative B
The sitting president of Argentina was directly involved in a multibillion-dollar crypto rug pull, crossing legal and moral boundaries. Now, he must face criminal fraud charges and be impeached. After all, red flags were many — including the fact that two accounts controlled more than two-thirds of $LIBRA supply.