"Argentine Lawyer Files Criminal Complaint Against LIBRA Mastermind, Implicates President Mile"

Generated by AI AgentCoin World
Monday, Feb 17, 2025 6:51 pm ET1min read

An Argentine lawyer has submitted a criminal complaint to the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) regarding the LIBRA incident. The complaint, filed on February 17th, accuses the mastermind behind the LIBRA token's collapse and requests an investigation into the involvement of Argentine President Mile.

On the same day, another legal challenge was brought by the Civic Coalition ARI, which filed a criminal complaint asking the Justice Department to investigate Mile on charges of bribery and fraud. These new legal challenges are based on previous criminal accusations in Argentina, alleging that Mile engaged in fraudulent activity by supporting the token.

The LIBRA token experienced a sharp rise on February 14th, reportedly after President Mile posted about the project on the X platform (formerly Twitter). The post, which has since been deleted, emphasized that the project would be used to fund "small businesses and startups in Argentina" and included a contract address. This caused the token's market cap to surge to $4.56 billion at one point but then rapidly drop to $257 million within hours.

The complaint submitted by the Argentine lawyer seeks to hold the mastermind behind the LIBRA token's collapse accountable and investigate any potential wrongdoing by President Mile. The Civic Coalition ARI's complaint also aims to shed light on the alleged bribery and fraud charges against the president.

The LIBRA incident has raised concerns about the potential misuse of cryptocurrencies and the need for stricter regulations. As the investigation into the incident continues, it remains to be seen what consequences, if any, will arise from these legal challenges.

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