Argentine President Javier Milei sat on the agenda with an interview about LIBRA scandal. This publication, which was alleged to be alive and transparent, was actually recorded in advance, questions were selected and some critical sections were cut.
After the interview, LIBRA experienced a short -term recovery, but the market value has suffered a loss of over $ 100 million today. With the deepening of the scandal, not only the crypto market, but also Argentina’s state bonds began a harsh decline.
MILEİ LIBRA could not manage the crisis
Javier Milei is trying to build his Argentine economy on Blockchain. However, LIBRA crisis seriously threatens this goal.
Initially argued that he had no connection with LIBRA, Milei gave an interview to regain his reputation. This broadcast and then made a short -term increase in LIBRA’s price. However, as the facts emerged, there was a great collapse in the market.
In the interview, Milei claimed that LIBRA was not a fraud and had no direct interest with the project. However, it was understood in a short time that the interview was actually recorded in advance and that certain questions were consciously removed.
Most of the critical questions posed by journalist Jonatan Viale were censored. When Milei failed to give a satisfactory response during the interview, his advisor Santiago Caputo intervened in the broadcast and allowed the issue to be changed. The scandal grew further when this interview, which Milhei presented as “live, was actually pre -organized.
Panic is growing in the markets
Milhei’s team, including his sister Karina Milei, advisor Santiago Caputo and spokesman Manuel Adorni, including a group of all questions approved all the questions. This shows that the interview is completely planned and manipulated.
These facts created a great concussion in the financial markets. The news that US officials could sue for Milei due to LIBRA caused a large wave of sales on the Argentine stock exchange. LIBra Token lost a market value of 100 million dollars, while Argentina government bonds seriously depreciated.
Initially, some names of the crypto community supported Milei. For example, Charles Hoskinson, the founder of Cardano, argued that Milei was misled and did not interfere with fraud. However, as the dimensions of the scandal expand, it is seen that this support is weakened.
Now, there is an increasing pressure on the dismissal of Milei. While the founding partner of the Stock Exchange (Dex) resigned, the collapse of the Argentine stock market and bond markets continues. As the connections between the crypto market and the traditional finance (Tradfi) are strengthened, the LIBRA scandal is expected to seriously shake the economy of Argentina, not only the digital assets.
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