Questions arose when the investigation of LIBRA scandal in Argentina was stopped

Taking a shocking decision, Argentina's President Xavier Milei has dissolved the Task Force investigating the LIBRA Crypto Scam. Let us tell you that President Xavier Milei himself promoted the Libra Project on social media. At one time the price of LIBRA Token had skyrocketed to a market cap of $5 billion, but suddenly its price started falling and it fell from the sky to the ground. Now the price of LIBRA Token has come down to zero. After this Crypto Scam in Argentina, President Xavier Milei was constantly on the target of the opposition, but now the sudden decision to stop the investigation has added fuel to the fire.

What was the LIBRA Memecoin Scam?

LIBRA was a Memecoin, which was promoted by some promoters as an 'Option' for Digital Entrepreneurs and later President Xavier Milei also joined this campaign and shared it on his social media handle X (former Twitter), after which the price of LIBRA Token reached from 0 to $5. After this boom, a large number of people invested, but soon its market crashed and investors lost millions of dollars. According to the report, about 15,000 wallets suffered a loss of more than $1,000, in which the total loss is said to be more than $251 million.

Task force formed for investigation
When the name of President Xavier Milei also came up in this scam, politics heated up. A high level investigation of LIBRA Meme Coin Scam was started in Argentina. In February 2025, a task force named 'UTI' (Unit of Taskforce Investigation) was formed, but now President Xavier Milei and Justice Minister Mariano Cúneo Libarona have dissolved the same task force by signing a decree. The official statement issued by the government states that the investigation team has completed its work, while the opposition alleges that this decision is an attempt to suppress the truth.

The President said, I did not inspire anyone to invest
As the controversy grew, Argentina President Xavier Milei told the media that I did not inspire anyone to invest, but 'just shared' on the social handle. He also claimed that 'maximum 5,000 people' were affected by this scam, mostly Americans and Chinese and only 4 to 5 people have suffered losses in Argentina. However, the actual situation is completely different. Blockchain data shows that the loss is huge and the deposits of thousands of people in Argentina itself have been wiped out in this scam.