Crypto Scandal Sparks Impeachment Drive Against Argentina’s President
Argentine lawmakers have launched a movement to impeach President Javier Milei following a cryptocurrency-related controversy that led to the loss of millions of dollars from investors.
According to reports, the scandal erupted after Milei, known for his support of free-market policies, endorsed the $LIBRE meme coin on social media last Friday. His tweet drove the coin’s price from $0.006 to nearly $5 within hours, attracting numerous buyers. However, just six hours later, its value plummeted to $0.84, leaving investors devastated.
This sudden crash triggered allegations of a rug pull, where the creators artificially inflate the price, then profit by selling their holdings while leaving investors with worthless…
