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CryptoMedium•14 April 2026•

1 min read

Argentine President Javier Milei Linked to Multimillion-Dollar Crypto Rug Pull

Digital illustration of cryptocurrency market downturn with a large Ethereum coin, Bitcoin and Solana logos, multiple charts showing losses, a red downward arrow, and scattered crypto coins.

Key Facts

1Phone records revealed calls between President Javier Milei and a key figure in the Libra token project on the night of its launch.

Newly disclosed phone records published by the New York Times have revealed direct communication between Argentine President Javier Milei and key figures behind the Libra token project on the night of its launch. These findings corroborate earlier investigative reports from CoinDesk linking Milei to a multimillion-dollar 'rug pull' scam. The allegations raise significant concerns regarding political stability and financial integrity in Argentina, placing additional pressure on sovereign assets. These developments are expected to increase volatility for the Argentine Peso (ARS) and government bonds due to heightened reputational risk. Investors are closely monitoring official responses and the potential impact on foreign investment flows in light of this financial scandal.