Argentine President Javier Miley was justified on charges of unlawful actions related to the promotion of Libra Membrah in February this year, reports RBC Crypto With reference to the local publication Buenos Aires Herald. The country’s anti -corruption department decided that the president did not violate ethics and wrote about the cryptocurrency of Libra “as an economist, and not as a civil servant.”
The post of Milea on the social network X described the new Memicin as a project designed to help small and average Argentinean companies to attract capital. After that, the Libra market capitalization increased about $ 4.5 billion. A few hours later, Miley deleted his message and said that he did not know the details of the project. As a result of the followed sales, the price of Libra fell by 90%.
How exactly the token scheme worked, what does it mean to “extract liquidity”, what role the Meteora and Raydium platforms played, who, how and how much earned on Libra and what all this consequences have in the February material “RBC-Cripo”.
According to the resolution signed by the head of the Alejandro Melik Anti -Corruption Directorate, Miley’s personal account in X “was created long before he was elected the president of the country, and even before his previous term as a deputy.” The document also notes that “no state procedures, actions or contracts” related to Libra was found.
The anti -corruption department operates in the Ministry of Justice, and its director is appointed by the government. Melik was appointed by the administration of Mile in December 2023.
The data of the analytical company Nansen showed that 86% of the traders who bought Libra token at the time of excitement recorded losses of $ 251 million, while only a small group of participants, which earned $ 180 million, received profit.
Miley said that, according to his assessment, due to the fall of the Token course, the “maximum of four or five” Argentines suffered, and the “Chinese and Americans” were the main investors. According to the president, the head of Kelsier Ventures, who launched token, Hayden Davis proposed creating this structure to finance entrepreneurs, and when the Libra Toleke became public, Miley helped to disseminate information, but did not know the details of the project.
Davis later wrote that he had an influence on Milea through the president’s sister, Karin, whom he paid money. Later, the entrepreneur was wanted by the Argentine prosecutor’s office.
According to journalists, Miley met with Davis several times before the launch of token. The meetings were also attended by Sergio Morales, who was then the adviser to the National Commission on Securities of Argentina (CNV). In March, three weeks after the prosecutor’s office began an investigation against Morales about his possible role in a cryptocurrency scandal, the official resigned.
The Argentina government also created the UTI group, whose duties included collecting and receiving information on how the memicine was launched and what part the president took part in this. At the end of May, the UTI was closed, because, as reported, she already collected all the data and transferred them to the prosecutor.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
