CryptoExplorer
In February 2025, Argentine President Javier Milei became embroiled in a significant controversy following his promotion of the cryptocurrency $LIBRA. On February 14, Milei shared a post on his social media accounts endorsing $LIBRA, leading to a rapid surge in its value from $0.000001 to $5.20 within minutes. However, the price collapsed shortly thereafter, resulting in substantial financial losses for approximately 74,000 investors. Reports indicate that nine founding accounts profited by approximately $87 million during this event, which has been characterized by some as a "rug pull" scam.
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