Argentina President Javier Milei’s purchasing proposal after the price of the price and a few hours after the collapsed crypto currency $ libra scandal said that there is no responsibility in the $ Libra scandal Javier Milei, the affected, “what is infected with” people who know very well, he said.
Milei, “These were volatility investors, none of them were aware of what was happening. If you go to the casino and lose money, what happens if the demand will be? Someone loses money by betting to Libra,” he said.
“I did not encourage this, I just spread it. I’m a technology passionate and this project was to financing the official market. I thought it was an interesting vehicle,” he said.
On Friday evening, Milei called on 3.8 million followers in X to invest in $ Libra. The price increased from scratch to $ 4.7 in minutes and the global value of crypto currency was $ 4.5 billion. However, suddenly, several wallets, which hold the majority of token (assets), drew $ 90 million and collapsed within $ Libra minutes. On social media, there was a possible fraud, which is known as Rug Pull, which includes an asset to attract investors, and then escaped just in time to pocket the profits of investors. In order to succeed, this move needs a celebrity that will introduce the crypto currency (in this case) and create confidence among investors.
It took four hours for Milei to remove the $ Libra promotional message. When he finally did this, he defended himself, “I wasn’t familiar with the project.” On Monday, he said he deleted his post because he saw “negative comments” about $ Libra.
On Saturday evening, one of the names behind $ Libra, Kensier Ventures, American businessman Hayden Mark Davis held him responsible for the sudden decline in prices after Milei withdrawn his support for the project. Millei said on Monday that Davis and his partner Kim Protocol CEO, Juilian Peh at the launch, only wanted to help small Argentine entrepreneurs, he said he was acting “in good faith”.
“I ate slapped because I wanted to help the Argentineans in need of financing. What did the state lost? Nothing. The number of affected Argentines should not be more than five, the rest are Americans and the Chinese,” he said.
