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International Business Times
International Business Times
Business

Argentina's Milei Denies Role In 'Cryptogate' As Prosecutors Launch Probe

Argentine prosecutors will probe President Javier Milei after he promoted a cryptocurrency that crashed, losing investors billions of dollars (Credit: AFP)

Argentine President Javier Milei on Monday denied promoting a cryptocurrency that crashed, losing investors billions of dollars and prompting a flood of complaints, as prosecutors reportedly prepare an investigation into the scandal.

"I did not promote it, I spread it," Milei told broadcaster TN, adding that it "is a problem between private parties because the State does not play a role here."

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