Altcoins News

Story: Milei faces turmoil with LIBRA affair and paid promotion suspicions

By Jean-Luc Maracon

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Javier Milei is facing a storm. The Argentine president finds himself embroiled in a major controversy surrounding the cryptocurrency $LIBRA, which has been shaking the markets…

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The story begins when Milei shares a crypto project on X, briefly supporting the initiative before abruptly changing his mind.

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No concrete evidence has surfaced so far.

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Rumors suggest a $5 million payment was made to Milei to boost $LIBRA. The president categorically denies receiving a single cent.

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The Buenos Aires Securities Commission steps up on March 15, 2026. It wants to know if market manipulations occurred.

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Several aggrieved investors are preparing their legal arsenals. A group led by lawyer Carlos Dominguez has already filed a class-action lawsuit against Milei.

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CryptoArg, the main exchange platform for $LIBRA, must open its books to investigators. Regulators are demanding all transaction data during the period of high volatility.

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Milei remains silent. He has carefully avoided interviews and public appearances since the affair began. His office only states that he is cooperating with the authorities.

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On March 16, 2026, an internal report from the Commission reveals suspicious transactions just before $LIBRA's peak.

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Roberto Sanchez, a former business partner of Milei, denies any involvement in promoting the crypto.

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On March 18, 2026, an internal document from X leaks. It reveals that Milei sought meetings with several crypto influencers before the initial promotion.

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The Buenos Aires court receives a request on March 19, 2026, to disclose Milei's electronic communications.

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A former CryptoArg employee, speaking anonymously, reveals on March 20, 2026, that massive buy orders were placed just before Milei's tweets.

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Regulators are consulting with cybersecurity experts to audit the $LIBRA blockchain. They aim to trace the financial movements of the identified suspicious wallets.

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The Central Bank of Argentina is closely monitoring the repercussions of the $LIBRA affair on the stability of the digital peso.

The Currency Analytics

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