‘Cryptogate’: MP investigates Milei after cryptocurrency release, says newspaper

The prosecutor specializing in cyber crimes was fired by the prosecutor. The goal is to preserve and recover evidence of the scandal.

Taiano also requested reports from public and private agencies linked to the cryptocurrency market. Notifications were still sent to the Central Bank and Google.

Understand the case

On the afternoon of last Friday (14), Milei released on social networks the cryptocurrency $ pound: “This private project will be dedicated to encouraging the growth of the Argentine economy.”

Launched on the same day, the price of cryptocurrency came out of scratch and reached almost $ 5 a few hours after Milei’s publication. The nine members responsible for the project, who held 80% of the currencies, took the overvaluation to settle all their assets, taking the profits with them.

With mass sale, the $ pound quote plummeted 90% in two hours, draining the portfolio of at least 44,000 investors around the world. It is estimated that at least US $ 250 million have been lost in transactions, which have been moving, since its launch, more than $ 4 billion.