Argentina’s Chief Prosecutor has ordered the freezing of $100 million in crypto linked to LIBRA coins amid allegations of a pump-and-dump scheme, with President Milei facing fraud charges. Authorities are investigating the token’s financial records and its impact on investors, while Milei maintains he acted in good faith.
Argentina’s Chief Prosecutor, Eduardo Taiano, has mandated the freezing of nearly $100 million in cryptocurrency associated with the LIBRA coin scandal, according to reports from Clarín. This order follows the controversial rise and subsequent collapse of LIBRA, which reached a market capitalization of $4.5 billion before allegations of a pump-and-dump scheme emerged last February.
In conclusion, the LIBRA scandal has raised significant concerns regarding the integrity of cryptocurrency promotions in Argentina. With the Chief Prosecutor freezing substantial funds and President Milei facing serious fraud allegations, the future of LIBRA and its impact on investors remains uncertain. The calls for accountability underscore the need for transparent regulatory measures in the cryptocurrency sector.
Original Source: www.binance.com