LIBRA Crypto Investigation: Did Argentina’s President Play a Role in the Huge Sell-Off?

Shocking LIBRA Crypto Investigation Gains Layers!

Up to $110 million in assets have been asked to be frozen by the primary prosecutor looking into Argentine President Javier Milei‘s potential participation in the LIBRA cryptocurrency affair. According to local media outlet Clarín, Argentine Federal Prosecutor Eduardo Taiano has also asked for the recovery of deleted social media messages, including those made by Milei endorsing memecoin located in Solana.

In order to reconstruct financial operations carried out between February 14 and 15, when the memecoin’s trade volume was at its peak, he also asked for comprehensive records of every transaction made through LIBRA since its launch. The Kobeissi Letter revealed that at least eight wallets identified as insiders connected to the Libra team were able to cash out up to $107 million before the coin plummeted, even after Milei removed his first support.

Milei Under Fire as LIBRA Token Implodes: Was It a Political Crypto Rug Pull?

Investigators discovered $4.5 million moved to a new address from a wallet connected to the scandal. Clarín may have attempted to launder money by using some of the proceeds to purchase a memecoin called POPE. Phone data and visitation logs from the presidential office and house were sought by the prosecution. The presidential entourage and blockchain professionals who might know more about the topic were listed.

Calls for Milei’s impeachment arose after he endorsed memecoin, which was purportedly developed to assist in funding startups and small enterprises in Argentina. Libra token’s market valuation fell more than 90% in less than 12 hours after momentarily hitting a peak of $4.5 billion on February 14. Insider rug-pull allegations followed, which prompted legal action and a federal probe.

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