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International Business Times
International Business Times
World

Argentine Prosecutors To Probe Milei Over 'Cryptogate'

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

Argentine prosecutors will investigate President Javier Milei for promoting a cryptocurrency that crashed, losing investors billions of dollars and prompting a flood of complaints, local media reported Monday.

The federal prosecutor's office will examine whether Milei engaged in fraud or criminal association or was in breach of his duties when he praised the $LIBRA cryptocurrency on social media on Friday evening, according to news reports.

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