The Argentine president will investigate a fraud related to the currency (

Libra ⚠️🤔

A new cryptocurrency, LIBRA, has recently sparked intense debate, with claims that Argentine President Javier Milei promoted a new cryptocurrency, which turned out to be a scam. On Friday night, Milei promoted the LIBRA currency through his X account, stating that it would boost the economy and support local businesses. This promotion gave a sudden boost to the price of the LIBRA token.

The LIBRA currency reached its highest level at $5.00, then collapsed by 90% to less than $1, losing more than $4.4 billion in market value due to legitimacy concerns.

Later, President Mili deleted the tweet and clarified that he has no connection to the project. In the tweet, he said: "A few hours ago, I posted a tweet, as I have done many times before, endorsing a supposed private project that I have absolutely no relation to. I was not aware of the project details, and after learning about it, I decided not to continue spreading the word ) That's why I deleted the tweet (".

But by then, the damage had already been done. The launch of the Libra token has sparked outrage online. In response, President Mealey ordered an investigation into the release of the $LIBRA token.

On February 16, the President's office reported that the initial promotion of the currency was a regular commercial endorsement aimed at creating job opportunities, attracting investments, and achieving economic prosperity. The project was not officially associated with the President.

The statement confirmed that the president decided to immediately assign the anti-corruption office to investigate whether any member of the government, including the president himself, was involved in the fraud that accompanied the launch of the Libra currency.

In addition, the report mentioned that the head of the nation has decided to establish the )UTI#Gate.io Has Officially Partnered with Oracle Red Bull Racing Investigation Task Force, which will operate under the direct supervision of the president. The team will consist of diverse members with authority in areas such as cryptocurrencies, financial transactions, and money laundering.

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