Argentina's 'Cryptogate': President Milei's $LIBRA Crypto Project Sparks $250 Million Investor Loss

Argentina has recently witnessed a dramatic turn in its crypto landscape following President Javier Milei's endorsement of a cryptocurrency project called $LIBRA. What started as a promising venture quickly devolved into an investor nightmare, with the token's value experiencing a drastic drop, leading to losses totaling approximately $250 million.

This financial debacle has since been dubbed 'Cryptogate' by media and investors alike. The significant devaluation of $LIBRA has raised concerns about the underlying practices and transparency of the project, prompting calls for thorough investigations and potential legal actions against those responsible.

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