The current president of Argentina was at the center of a controversy due to a social media post promoting a cryptocurrency token called $LIBRA. Initially, there were speculations that his account had been hacked; however, it was later confirmed that the message was genuine.
Liberal economist Carlos Maslatón denounced the incident and stated that it was not a hack, while congresswoman Lilia Lemoine supported the authenticity of the post. Javier Milei generated controversy by recommending this cryptocurrency, which experienced significant volatility in its price within hours.
$LIBRA surged to a value close to $5,000 before rapidly plummeting to less than $1. This is not the first time the president has been involved in such situations, as he was previously criminally charged for his involvement in the CoinX project.
Cybersecurity specialists suggest that Milei's account may have been compromised to carry out a cryptocurrency-related scam scheme. Despite the criticisms, some praised the initiative to launch this token, such as Agustín Laje. However, others, like Ornella Panizza and Carlos Maslatón, accused him of being involved in a cryptocurrency fraud.
The token $LIBRA has raised suspicions and concerns in the financial community due to its sudden increase in value and lack of real backing. Experts warn about the risks of investing in such speculative assets and recommend caution. The Solana platform, on which this token is based, has been highlighted for its transaction speed and low fees, but they caution about the lack of transparency surrounding $LIBRA.
Information about the creators or the real purpose of this token is scarce, leading to conjectures about possible price manipulation schemes. They recommend thoroughly investigating any project before investing and using specialized tools to track its activity and avoid potential scams. Amidst the uncertainty, authorities are expected to provide clear explanations on the matter.
