Post
--
🚨Urgent🚨: Argentine President faces calls for impeachment after promoting a digital currency and causing huge losses.
What's the story?
Argentine President Javier Milei is facing calls for impeachment after promoting a cryptocurrency called $LIBRA, which saw its value plummet shortly after he backed it. On February 14, 2025, Milei tweeted on the X platform (formerly Twitter) promoting the coin, sending its market cap to around $4.5 billion. However, within hours, the value had dropped by more than 94%, sparking accusations of a “rug pull” scam, where developers promote the coin and then sell their stakes, leaving investors with huge losses.
Argentine President Javier Milei is facing calls for impeachment after promoting a cryptocurrency called $LIBRA, which saw its value plummet shortly after he backed it. On February 14, 2025, Milei tweeted on the X platform (formerly Twitter) promoting the coin, sending its market cap to around $4.5 billion. However, within hours, the value had dropped by more than 94%, sparking accusations of a “rug pull” scam, where developers promote the coin and then sell their stakes, leaving investors with huge losses.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.