The legislators of the Chamber of Deputies of Argentina supported an investigation into the alleged involvement of President Javier Milei in the scandal of the cryptocurrency of the balance (balance).
According to a report of April 8 of the local media Buenos Aires Times, the deputies of the lower chamber voted 128 to 93 in favor, with seven abstentions. The same proposal previously had not managed to move forward in the Senate.
The news follows Milei promoting the same for social networks. The Argentinian president leaving his credibility as a government official and his 3.8 million followers, the token quickly reached $ 5, briefly affecting a market capitalization of $ 4 billion.
Milei has since faced accusations of reprehensible acts, criticism saying that the balance was a rug pumping scam and that he attracted investors. Lawyer Jonatan Baldiviezo, alongside Marcos Zelaya, engineer María Eva Koutsovitis and economist Claudio Lozano, a former head of the central bank, has a kick against Milei, accident.
In relation: The KIP protocol reveals an involvement in the Balance of Javier Milei-Endorsé
A disaster on a presidential scale
According to Baldiviezo, the promotion of Milei played a decisive role in an “illicit association” with the promoters of the cryptocurrency. The non -governmental organization Observatorio del Derecho at the CIUDAD shared the concerns and filed a case that accused the president of promoting a program that would have led to more than 40,000 investors of more than $ 4 billion.
Onchain’s data from February have shown that the hardest affected investors in the pump and the Memecoin balanced emptying scheme have lost $ 251 million combined. Blockchain data show that out of the 15,430 portfolios that have sold profits or loss of more than $ 1,000, more than 86% of those sold at a loss, which has enabled a total of $ 251 million.
Despite many sources showing his publications on social networks, in mid-February, Milei denied saying that he had promoted Balance. He said at the time:
“I did not promote this. What I did, I made the word pass. ”
In relation: Javier Milei risks dismissal after approving $ 107 million in balance carpet
A family business reported
One of the creators of the controversial token of the Balance Balance cryptography would have sent a text message boasting to be able to pay the sister of the Argentinian president Javier Milei in exchange for the president sharing the details of the same on social networks. According to February reports, Hayden Davis – A person connected to the project – sent a message to a cryptographic investment company saying that he could pay Karina Milei for “control” on the Argentinian president:
“We can also have Milei tweet and meet in person and promote. […] I send $$ to his sister and he does what I say and do what I want. »»
Review: The same is DED – but Solana “100x better” despite the income dive
