Argentine Congress Investigation Committee Accuses President Miller of Involvement in the LIBRA Scam

BlockBeats News, November 21st, the Argentine Congress Investigative Committee released its final report, accusing President Mile of providing "key cooperation" during the LIBRA token collapse event, and recommended that Congress evaluate whether this constitutes malfeasance.

Mile had previously promoted the LIBRA token on his personal social media accounts, after which 8 wallets associated with the LIBRA team cashed out $107 million, resulting in losses for 114,410 investor wallets. The investigation found that he had also promoted a cryptocurrency called the KIP Protocol, which experienced a situation where its liquidity pool was drained after its launch in December 2024.

The committee believes that this indicates the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV) to facilitate these projects. Currently, Mile and American entrepreneur Hayden Davis, among other founders, are facing judicial investigations in Argentina and a class-action lawsuit filed by the Burwick Law firm in New York.

Mile has denied any wrongdoing and dissolved a special investigative task force established by his office in May. Previously, a judge had ordered the Central Bank of Argentina to lift the freeze on the president's and his sister Carina Mile's bank accounts.