TechFlow news, April 9 — According to The Block, Argentina's House of Representatives has passed three draft resolutions to investigate government officials linked to the Libra cryptocurrency scandal, including President Javier Milei’s involvement. In February, after Milei publicly endorsed the Libra project on the Solana blockchain via social media, the token’s market value surged rapidly to $2 billion before crashing over 90%, causing severe losses for investors.
The investigation will include establishing a special committee, summoning several high-ranking officials—including the Chief of Cabinet and Minister of Economy—and requiring the government to submit relevant reports. After the coin’s collapse, Milei withdrew his support and claimed ignorance about the project, but he is now facing impeachment and fraud charges.
The CEO of Kelsier Ventures, the developer behind the Libra project, admitted to having closely collaborated with Milei’s team and using a "sniping" strategy to manipulate the price at launch. Argentine prosecutors have requested that Interpol issue a red notice for the CEO.
