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Argentina Panel Ties Milei to Libra Collapse, Refers Case to Congress

Lawmakers now weigh a misconduct case after investigators linked a presidential X post to large on‑chain liquidations that preceded widespread losses.

Overview

  • Investigators say a post from President Javier Milei’s official X account came just before eight project-linked wallets liquidated roughly $107 million.
  • The report estimates 114,410 wallets suffered net losses following Libra’s February 2025 crash.
  • La Libertad Avanza members rejected the findings and tried to halt the motion, yet the committee’s final document was formally submitted to the legislature.
  • Criminal investigations in Argentina continue, a judge ordered the Central Bank to unseal the bank accounts of Javier and Karina Milei, and a U.S. class action by Burwick Law remains active.
  • The committee cites earlier endorsement-linked failures involving KIP Protocol, Vulcano, and CoinX as evidence of a recurring pattern under review.