Argentine President Xavier Mili on Saturday faced a threat of criticism and impeachment when he promoted a cryptocurrency on social media, which was quickly a tank at the price.
Milei promoted a new cryptocurrency on the social media platform X (formally known as Twitter), which increased to $ 5 (€ 4.75) before the tanker below $ 1.
Argentina’s Fintech Chamber admitted that the case could be the potential “Galicha Bridge” – a plan where a cryptocurrency manufacturers quickly generate real investment to pump the price before dumping their stake.
Opposition legalist Santoro said, “This scam, which embarrasses us internationally, needs to launch for impeachment request against the President.”
What did Milei Post?
Local media reported that Milei posted about a “private project”, aimed at “stimulating the development of the Argentina economy, by the financing of small businesses and Argentina entrepreneurs”.
“The world wants to invest in Argentina. $ Libra,” the post allegedly said.
Cryptocurrency then increased value, before the tanking.
Miley removed his post a few hours later.
“I did not know about the project details and once I came to know, I decided to continue publicity,” Heer said on X.
Opposition slaves meel
Some opposition MPs said that they request an IMePeachment against Wood Lodge.
Maximiliano Ferroro of the Center-Right Civic Alliance said that the Argentina’s Parliament would have to “clarify the facts and determine the responsibility.
Meanwhile, designer president and opposition figure Christina Fernandez de Kirchner called Mili Mili as “Crypto-Scammer”.
Edited by: Wesley Dakri
