Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence

Argentina President Javier Millie withdrew his support for the MIM code after the beginning support He stated that he had no connection to the project. Millie also admitted that he did not do due care before supporting the support, but he deleted his tweets as soon as he realized the details.

The distinctive symbol, which was claimed to be part of the VIVA LA LIBERTAD project that supports Argentina’s economy, 85 % decreased in value Amid reports on the liquidation of the project team.

“A few hours ago, I published a tweet, where I have many other times, and supported a assumed private institution I had no contact at all,” Milei He said. “I was not aware of the details of the project, and after I realized that, I decided not to continue spreading the word (that is why the tweet was deleted).”

The analysis shows that 82 % of the symbolic supply is concentrated between a small number of addresses, indicating central control.

In addition to clarifying his position, Miley responded against critics who seek to take advantage of the controversy.

“As for the dirty mice of the political class who want to benefit from this position to harm, I would like to say that every day they assure the accuracy of the politicians, and they increase our conviction of kicking them at the back,” he said. .

This is not the controversy of the first Miley, which includes encryption projects. In late 2021, he promoted Coinx, an encrypted Ponzi, on Instagram, claiming that he could help Argentines fight inflation, previously Protos I mentioned.

Coinx promised high profits through automated trading traders and experts with artificial intelligence, but investors have reported that the expected returns were not received. The National Securities Committee later ordered Coinx to stop operations.

Investors sued Milei, in search of damage to the losses of about 30 million and 40 million peso (about 300,000 dollars).

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