Javier Milei Faces Costs in Argentina Over LIBRA: AP

Legal professionals in Argentina are urgent costs in opposition to the nation’s president, Javier Milei, over this weekend’s ‘rug pull’ of the Libra token, the Related Press studies.

The AP says that the plaintiffs are accusing Milei of committing fraud as they declare when Milei withdrew messages supporting the token it misplaced its worth, and this transfer ‘rug pulled’ traders.

Milei’s workplace has mentioned publicly that it was unaware of the precise particulars behind the token, and solely posted about it as he does with different tasks and startups based mostly in Argentina.

“The President shared a put up on his private accounts saying the launch of KIP Protocol’s undertaking, as he does each day with many entrepreneurs who want to launch tasks in Argentina to create jobs and appeal to investments,” the President’s Workplace advised the AP, noting that they met with the group behind it at Milei’s workplace.

Milei has not but been formally charged with against the law, with AP reporting that prosecutors will meet Monday to find out if the case is price pursuing.

In the meantime, on-chain researchers have decided that the group behind Libra could be the similar behind the Melania token given the variety of comparable wallets.