Some have accused Javier Milei of performing a "rug pull" after he promoted a virtual coin on social media.

Summary

Argentine President Javier Milei faces impeachment calls and fraud accusations after promoting the $LIBRA cryptocurrency on social media.

His endorsement caused a price surge, but after he deleted the post, the coin crashed, wiping out investor funds.

Critics accuse him of a “rug pull” scheme, while the government denies wrongdoing and announced an anti-corruption probe.

Argentina’s main opposition coalition calls the incident an “unprecedented scandal” and preparing to seek his impeachment.