Argentina MPs have decided to start its official investigation after a loss of more than $ 280 million due to a sudden fall of Libra Meme Coin. On 8 April, the Chamber of Deputes approved three major proposals to investigate the matter.
A special commission has been created under the first action, which will investigate how this token increased so much in a few hours and then suddenly fell. Also, the top government officials such as Chief of Staff Guillermo Francos and Finance Minister Luis Caputo have been called to reply. Finally, a detailed government report has also been sought on the launch and promotion of Libra Token. Memecoin For other news related to you, you can click on the link.
Formation of Special Commission
Argentina MPs have formed a special commission to examine the Libra Meme Coin RIP -off. This commission will examine the unexpected fluctuations of the token, with the value of the tokening more than 3000% and then fell 90% in a few hours. The purpose of this commission is to make it clear whether there were any kind of forgery or system flaws behind this scam.
Government officials questioned
In Argentina, the largest scams associated with Crypto in Argentina have decided to summon high-level officials. In particular, the Chief of Staff Guillermo Francos and Finance Minister Luis Caputo have been called to answer questions related to Libra Token. In February, President Javier Milei promoted Libra Coin on X as a tool of “promoting Argentina’s economy”, after which the value of tokens suddenly increased, but in a few hours its value fell 90% and in a few hours Libra Token Strike Done. The reason behind this was to delete his post by the President Milei shortly after, for which he said that he did not have detailed information about the token.
Accused of insider manipulation
It has also been revealed that some organizations such as Kelsier Ventures manipulated the liquidity of $ Libra Token before the launch, which led to a profit of more than $ 110 million. In this case, a case has also been filed in the US, alleging that the developers cheated the investors and kept 85% of the token supplies with them, causing further chaos in the market.
Opposition leaders are demanding transparency
Opposition leaders have demanded an inquiry into the matter with complete transparency and appealed to the government to bring out the truth. Opposition leader Maximiliano Ferroro said, “Society has the right to know the truth.” This case can damage the anti -corruption image of President Milei.
Conclusion
Libra Meme Coin RIP-off has emerged as a major crisis for the Argentina government, in which thousands of investors have submerged. The questions raised during the investigation may make it clear what was the rigging between the government, business organizations and investors. This can also affect President Javier Milei’s anti -corruption image. The results of the investigation of the case will affect Argentina’s political and financial situation.
