Argentina’s Anti -Corruption Office (OA) will investigate President Javier Milei and members of his cabinet, after the message in which he promoted a cryptocurrency in his social networks that It could be linked to virtual scams. The president himself requested that the OA intervene immediately to determine if there was any inappropriate conduct by him or some member of his government.
The president’s office statement indicated that Milei has created a unit of investigation tasks (UTI) that It will be in charge of investigating ‘$ Libra’, the cryptocurrency promoted by the Argentine president (and whose name coincides with the Zodiac sign of Milei) Already all companies or people related to their operation. This unit will be formed by representatives of organisms related to cryptoactive, financial activities, and prevention of money laundering.
“President Javier Milei has decided to immediately intervention to the Anti -Corruption Office (OA) to determine whether improper conduct by some member of the National Government, including the president himself,” said the president’s office in the statement in the statement .
The objective is to collect all the relevant information for that justice determines whether any of the people or companies linked to the KIP Protocol project committed some crime. According to the presidential office, KIP Protocol representatives met with Milei on October 19, 2024 to present their project “Viva La Libertad”, which sought to finance private ventures in the country using Blockchain technology. The president, the company’s representatives, Mauricio Novelli and Julian Peh, and the presidential spokesman, Manuel Adorni participated in that meeting.
In addition, on January 30, 2025, Milei met at Casa Rosada with Hayden Mark Davis, an entrepreneur who, according to Kip Protocol, It would provide the technological infrastructure for the project. From Casa Rosada it was clarified that Davis has no link with the Argentine government and was presented by Kip Protocol as one of the project partners.
Although Milei shared on his social networks the publication of the cryptocurrency, the presidency defended that the president did not participate in his development. After the controversy generated by the matter, according to Milei, he decided to eliminate the publication to avoid giving him greater diffusion. However, The price of the cryptocurrency shot, and the initial investors (less than ten people) managed to withdraw their funds, Obtaining a gain of approximately 87.4 million dollars, which caused a collapse in its value.
After the facts, Kip Protocol and Davis issued statements in which They were responsible for the problem. Davis, in particular, accused Milei’s team of trying to blame Julian Peh to avoid the responsibility of what happened.
