this post was submitted on 18 Feb 2025
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Summary

Argentine President Javier Milei faces impeachment calls and fraud accusations after promoting the $LIBRA cryptocurrency on social media.

His endorsement caused a price surge, but after he deleted the post, the coin crashed, wiping out investor funds.

Critics accuse him of a "rug pull" scheme, while the government denies wrongdoing and announced an anti-corruption probe.

Argentina’s main opposition coalition calls the incident an “unprecedented scandal” and preparing to seek his impeachment.

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[–] InternetCitizen2@lemmy.world 49 points 3 days ago (1 children)

Libertarian subreddit mods will be working overtime to correct the narrative

[–] jonne@infosec.pub 36 points 3 days ago (2 children)

I still don't understand how so many people can vote for obvious con men like this.

[–] InternetCitizen2@lemmy.world 18 points 3 days ago (1 children)

A religious belief in capitalism

[–] HellsBelle@sh.itjust.works 5 points 3 days ago

Seeing as capitalism evolved from religion (specifically Calvinism) that only makes sense.