Crypto Scandal Impacts Investors in Argentina

The recent drop of the 'memecoin' promoted by President Javier Milei has left many investors, including influencers, in financial ruin.


Crypto Scandal Impacts Investors in Argentina

A cryptocurrency scandal recently shook the international community and had a devastating impact on several influencers, after President Javier Milei promoted a virtual currency called "memecoin." Thousands of people invested large sums of money in it, only to face total loss of their savings when the value of the coin collapsed.

Amid confusion and frustration, several affected individuals publicly expressed their anger and despair. One influencer, Ape, from the United States, declared bankruptcy after losing everything due to this failed investment. In a fit of rage, Ape threatened to find the person responsible for his ruin and sold all his possessions, including his Rolex.

Chilean trader residing in the U.S., Clemente, also joined the criticism of Javier Milei, disparaging Argentines and warning about the lack of trust in them. Another affected individual, libertarian influencer Fran Fijap, who had praised Milei for making it possible to build his house with the profits, was forced to delete his post when the virtual currency collapsed.

Amid the financial chaos, the price of the $LIBRA coin plummeted, leaving most investors in ruins. This episode has left devastating consequences for those who trusted in this investment and has sparked a debate about the responsibility of promoting volatile financial assets without due caution.