Main takeout
- President Milei lost 85%of the value and withdrew support for Libra tokens.
- Previously, Milei promoted Coinx and was asserted as a Ponzi system that influences investors.
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Javier Milei, Argentina, first said it was not related to this project, and withdrew its support for the Libra Memed token. Milei also admitted that he did not live in due diligence before tweeting support, but when he learned the details, he deleted the tweet.
The token, claimed to be part of the VIVA LA Libertad project, which supports the Argentine economy, has dropped 85%of the report on the project team’s clearing.
Milei said, “There were a lot of other time ago, so I posted a tweet and supported private companies that had nothing to do with. “I didn’t know the details of the project and decided not to spread the word after I got to know the project (so I deleted the tweet).”
Analysis shows that 82%of the token supply is concentrated on a small number of addresses, suggesting centralized control.
Milei has pushed back on critics who want to use the debate in addition to clarifying their positions.
“To the dirty rats of the political caste who wants to use this situation to harm this situation, I want to say that every day, I want to see how evil politicians are confirming how evil politicians are, and they are raising our belief that they will kick their ass.” .
This is not the first debate on Milei related to the encryption project. In late 2021, he promoted the encryption ponzi system Coinx at Instagram that it could help the Argentine people fight inflation.
Coinx has promised high profits through AI -based automatic trading and expert traders, but investors reported that they did not receive expected profits. National Securities Commission ordered Coinx to stop operations.
Investors sued Milei and pursued losses for losses from 30 million to 40 million pesos (about $ 300,000).
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