3 months ago
Milei deleted posts promoting the token and claimed helium was unaware of its development.
Feb 17, 2025, 4:23 a.m. UTC
Lawyers successful Argentina are pressing charges against the country's president, Javier Milei, implicit this weekend's 'rug pull' of the Libra token, the Associated Press reports.
The AP says that the plaintiffs are accusing Milei of committing fraud arsenic they assertion erstwhile Milei withdrew messages supporting the token it mislaid its value, and this determination 'rug pulled' investors.
Milei's bureau has said publically that it was unaware of the nonstop details down the token, and lone posted astir it arsenic helium does with different projects and startups based successful Argentina.
“The President shared a station connected his idiosyncratic accounts announcing the motorboat of KIP Protocol’s project, arsenic helium does regular with galore entrepreneurs who privation to motorboat projects successful Argentina to make jobs and pull investments,” the President’s Office told the AP, noting that they met with the squad down it astatine Milei's office.
Milei has not yet been formally charged with a crime, with AP reporting that prosecutors volition conscionable Monday to find if the lawsuit is worthy pursuing.
Meanwhile, on-chain researchers person determined that the squad down Libra whitethorn beryllium the aforesaid down the Melania token fixed the fig of akin wallets.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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