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Fortune
Fortune
Ben Weiss

Javier Milei endorsed a memecoin that lost $4 billion. A judge is investigating him for fraud

(Credit: Alessia Pierdomenico—Bloomberg/Getty Images)

Javier Milei, the president of Argentina, became the most recent politician to endorse a memecoin.

Milei, a brash-talking populist, followed in the footsteps of President Donald Trump, who launched his own Bitcoin, the world’s largest cryptocurrency, was designed to be a digital rival to the dollar. Ether, the world’s second-largest cryptocurrency, facilitates so-called decentralized applications like lending products and digital artwork.

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