https://www.bbc.com/news/articles/cp9x9j89evxo Skip to content Watch Live * Home * News * Sport * Business * Innovation * Culture * Arts * Travel * Earth * Audio * Video * Live * Home * News + Israel-Gaza War + War in Ukraine + US & Canada + UK o UK Politics o England o N. Ireland # N. 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Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups. He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money. Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday. Some people online have accused Milei of what is known as a "rug pull" - where promoters of a cryptocurrency draw in buyers, only to stop trading activity and make off with the money raised from sales. They pointed out that the link used to buy the coins referenced a phrase the president uses in his speeches. But Argentina's presidential office said on Saturday that the decision to remove the post was to avoid "speculation" following public reaction to the launch of the cryptocurrency. It said Milei was not involved in the cryptocurrency's development, and that the government's Anti-Corruption Office would investigate and determine whether anyone had acted improperly, including the president himself. Jonatan Baldiviezo, one of the plaintiffs who filed the legal action, told Associated Press "the crime of fraud was committed, in which the president's actions were essential". Milei's political opponents have jumped on the opportunity. Former President Cristina Fernandez de Kirchner, who is now in opposition, was heavily critical, calling him a "crypto scammer" in a post seen 6.4 million times. For its part, the country's main opposition coalition said it would file a request to impeach the president, calling it an "unprecedented scandal". Esteban Paulon, a member of the opposition Socialist Party, said in a post on X that he would also request the start of impeachment proceedings. Argentina Cryptocurrency --------------------------------------------------------------------- Related Dozens evacuated in Argentine skyscraper fire 6 days ago Latin America Watch: Argentina canal turns bright red, alarming locals 7 Feb 2025 Latin America Argentina canal turns bright red, alarming residents 7 Feb 2025 Latin America --------------------------------------------------------------------- More 2 days ago [grey-place]A man with short hair, wearing a white polo shirt, is sat in a large black office chair and in front of a computer screen. 'This battle is my 9 to 5 - I won't stop until I have my PS620m of Bitcoin back' James Howells claimed his ex-girlfriend threw out the hard drive, today worth PS620m, in 2013. 2 days ago Wales 8 days ago [grey-place]James Howells listening to reporter who is facing him, with a camera man to the left of the reporter. Mr Howells is wearing a white shirt and black tie with a white pattern and a grey checked waistcoat and navy blazer Man wants to buy tip where he lost Bitcoin fortune James Howells wants to search a landfill site where he lost 8,000 bitcoins now worth about PS620m. 8 days ago Wales 8 Feb 2025 [grey-place]James Howells listening to reporter who is facing him, with a camera man to the left of the reporter. Mr Howells is wearing a white shirt and black tie with a white pattern and a grey checked waistcoat and navy blazer. Landfill in PS620m lost Bitcoin saga set to close James Howells has been desperate to search Newport tip for 8,000 coins worth about PS623m. 8 Feb 2025 Wales 23 Jan 2025 [grey-place]An image for the Trump coin on its website 'A mockery': Trump's new meme-coin sparks anger in crypto world The president's meme-coin launch is being criticised as a stunt, while impatience grows for deregulation. 23 Jan 2025 US & Canada 20 Jan 2025 [grey-place]A black and white portrait of incoming US first lady Melania Trump used to promote her cryptocurrency. Melania Trump launches her own cryptocurrency $Melania is announced after President-elect Donald Trump launched his own cryptocurrency, $Trump. 20 Jan 2025 Business --------------------------------------------------------------------- * Home * News * Sport * Business * Innovation * Culture * Arts * Travel * Earth * Audio * Video * Live * Weather * BBC Shop BBC in other languages Follow BBC on: * Terms of Use * About the BBC * Privacy Policy * Cookies * Accessibility Help * Contact the BBC * Advertise with us * Do not share or sell my info * Contact technical support Copyright 2025 BBC. All rights reserved. The BBC is not responsible for the content of external sites. Read about our approach to external linking.