PANews reported on February 17 that according to The Block, Argentine lawyers have filed a lawsuit against the country's president, Javier Milei, accusing him of fraud for his involvement in the LIBRA token project, a scandal that escalated after it broke out over the weekend when the value of the token plummeted 95% after Milei's initial promotion. Plaintiff Jonatan Baldiviezo said: "This illegal group committed fraud, and the president's actions played a key role in it." Another plaintiff, Claudio Lozano, is an economist who served as president of the Central Bank of Argentina; a lawyer and an engineer have also joined the lawsuit. The judge in the case may be appointed as early as tomorrow.
Milei has denied prior knowledge of the token project and maintains that he is innocent in the scandal. His government announced yesterday that it would launch its own investigation into the token project, while his political opponents have called for an impeachment trial. A translation of his announcement states: "Given the facts, President Javier Milei has decided to immediately involve the Anti-Corruption Office (OA) to determine if there has been any misconduct by any member of the national government, including the President himself." Hayden Davis, an advisor to the project, accused Milei of withdrawing his support for the project, causing the price to fall and investors to lose confidence.
