Libra co-founder Hayden Davis has offered the Libra coin to Karina Mirei, the sister of Argentine President Javier Mirei, who wields great influence over the country’s president.
In particular, he said that he gave a lot of Libra coins to Karina, so that she could control President Milley.
This is expected to further expand the repercussions of the related scandal.
On the 14th, President Milley recommended the Libra-based meme coin on social media, saying it would be good for small and medium-sized businesses.
When the coin was recommended, investors flocked to it, and the price temporarily rose to $5.
The price of the cryptocurrency soared to $1,000, but in just a few hours it plummeted to $0.19, a 94% drop from its peak. After the price crashed, President Milley deleted the previous post and posted a second one.
He said, "The price crash has nothing to do with me," and "I will withdraw my recommendation." Experts say it is a typical scam called "rug pull."
Rug pull is when a project manager collects money from investors and then suddenly takes all the money and disappears.
This refers to a fraud that involves the use of Libra coins. Despite President Milley's clarification that "it has nothing to do with me," the opposition party is pushing for impeachment. In this situation, it has become clear that the president's sister received Libra coins.
Now that this has been revealed, the repercussions are expected to grow even wider.
2025/02/21 09:49 KST
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