Part 1/8:
The Controversy Surrounding Javier Milei and the Libra Cryptocurrency Scam
On February 14, 2025, Javier Milei, the President of Argentina, ignited a scandal when he promoted a new cryptocurrency named Libra. Claimed to fund small businesses and startups in Argentina, his endorsement elevated Libra's price beyond $4 billion in market capitalization. However, this surge proved disastrous as insiders quickly began selling their holdings, leading to a collapse in value—a classic case of a pump-and-dump scheme. This incident has resulted in opposition lawmakers calling for Milei's impeachment based on allegations of crypto fraud.