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In addition, everyone involved in the launch of Libra will be investigated.
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Milei claims to be «committed to due clarification of this fact.»
Javier Milei, president of Argentina, will be investigated by the Anti -Corruption Office (OA) to verify if there was any link between the president, or some member of the government of that country, and the project behind the Cryptocurrency Libra.
Research on the launch of that token through that agency adds a particular turn to the case, since The OA is dependent on the Argentine Executive Power (which is led by the President of the Nation).
In accordance with the provisions of X “Office of the President”, which disseminates official communications, the investigation that the OA will carry out is promoted by the Argentine President himself.
That same source explained that on October 19, 2024, Milei met with Mauricio Novellli and Julian Peh, executives of Kip Protocolone of the companies linked to Token $ Libra, whose project «Long live freedom» allegedly sought to finance private ventures.
Then, on January 30, 2025 and according to the announcement of the president’s office, the Argentine head of state met with Hayden Mark Davis, a technological infrastructure provider presented as a KIP Protocol partner. At that time, as cryptootics reported it, the meeting caught the attention of many because it was a character until then unknown.
However, the statement continued that, despite those meetings, Milei «was not part of any instance of the development of cryptocurrency.» In addition, from this X account they expressed the intentions of the president of the South American country after what happened with $ Libra:
«President Milei, who has demonstrated his vocation for the truth, is committed to the due clarification of this fact until the last consequences.»
Office of the President of the Argentine Republic.
Given the controversy generated by the alleged cryptographic scam of Libra, Milei created a research task unit (UTI), with the purpose of analyzing the launch of that token and the people involved.
Why would Javier Milei investigate in this case?
As Cryptonoticias reported, on February 14, Javier Milei’s account in X disclosed the existence of a Solana Token known as Libra, presenting it as an initiative focused on «encouraging the growth of the Argentine economy.» After the diffusion, the price of the cryptocurrency increased to $ 4.97 per currency.
However, after a few hours and mass sales product, His quote fell suddenlycausing losses for many of those who had bought Libra.
Libra price behavior could be linked to a type of fraud in the cryptocurrency ecosystem, known as rug pull. This is a fraudulent scheme where the developers or promoters of a project, after attracting investors and increasing the price of the token, Liquidity withdraw (totally or partially) causing difficulties in your trade.
In addition, pound sales by addresses apparently linked to the developer team have been detected.
In this scenario, to achieve acceptance and credibility, it is essential that the promotion came from someone recognized or with sufficient authority, so that it did not seem a scam. This is where the suspicions began to emerge, after the participation of Javier Milei in the promotion of Libra.
The sales of the creators of that Token caused a collapse in its value, since the demand did not accompany the new offer. According to data collected by the Lookonchain analysis site, Wallets linked to the team behind Libra would have committed these operations, acquiring more than 100 million dollars.
On the other hand, the little information available to learn about the “Live La Libertad” project was another factor that promoted suspicions. The only thing available on its website is a tokens distribution in which 50% would be destined to the growth of Argentina, without specifying how; 20% for a treasury of the company; and 30% for liquidity. Does not offer any detail about the operation or tokenomics of its cryptoactive.
The event unleashed a strong debate on the president’s responsibility in the dissemination of an asset that collapsed in such a short time and, in the face of criticism, Milei decided to eliminate the tweet that referred to the digital currency. In this scenario, the Anti -Corruption Office will analyze whether the president or his environment incurred improper behaviors.