Argentinian Prosecutor Investigates Milei Over LIBRA Memecoin Scandal

Argentinian Federal Prosecutor Eduardo Taiano is conducting an investigation into a financial scandal involving President Javier Milei and the LIBRA memecoin. The controversy erupted when Milei allegedly promoted the token before its collapse, resulting in significant investor losses. Authorities have plans to freeze $110 million in assets, retrieve deleted social media posts, and track suspicious transactions. This scandal has intensified calls for impeachment and could have serious implications for Milei’s political future. Investigators are uncovering new wallet activities and potential money laundering schemes, expanding the probe and increasing pressure on all parties involved. The investigation raises concerns about financial crimes linked to the cryptocurrency market.

Taiano has requested the freezing of $110 million in assets related to the LIBRA token scandal. The prosecutor is also seeking to recover Milei’s deleted social media posts, as it is alleged that the president endorsed the memecoin before its collapse. Taiano is investigating the detailed history of all transactions related to the LIBRA token, particularly during the period of February 14 to 15, which saw the highest trading volume for the memecoin. The prosecutor is also requesting that suspicious digital wallets be frozen to prevent the laundering of funds and to ensure they remain traceable. Additionally, Taiano is seeking access to information from foreign exchanges to gain a more comprehensive understanding of the transactions involved.

The investigation has already revealed a wallet related to the scandal that moved $4.5 million to a new address. Some of these funds were used to purchase another memecoin named POPE, suggesting that the individuals behind the scam are attempting to launder the funds. This pattern of activity raises concerns about the potential for money laundering and the need for stricter regulations in the cryptocurrency market.

The Federal Prosecutor is also seeking experts with knowledge of blockchain and cryptocurrency who may have assisted Milei. To this end, Taiano is requesting all call records and visitor histories to the president’s residence. The scandal has led political opponents to call for Milei’s impeachment and has damaged his public image, potentially impacting the upcoming congressional midterm elections. Milei has stated that he did not promote the memecoin and that he merely spread the word about it.

Image 1 shows the deleted post from Milei’s X account, where he referred to the LIBRA as a memecoin for small businesses and start