Argentine Congress Launches Libra Scandal Probe

Argentina Approves Investigation into LIBRA Crypto Scandal

• The Argentine Chamber of Deputies approved three resolutions to investigate the LIBRA crypto scandal.
• The vote resulted in 128 in favor, 93 against, and 7 abstentions.
• Key officials like Economy Minister Luis Caputo and Justice Minister Mariano Cúneo Libarona will be summoned.
• The LIBRA token’s market cap soared to $4.5 billion before crashing by nearly 90% in February.
• The crash affected approximately 75,000 wallet holders with losses exceeding $250 million.

The Argentine Congress has launched an investigation into the LIBRA crypto scandal after a significant market crash left many investors with substantial losses. The probe will involve key government figures and examine potential connections between President Javier Milei and the project’s developers.