Javier Milei, a top candidate for the president’s position in Argentina, was involved in a crypto Ponzi scheme. The contender allegedly baited people to invest in a crypto website that promised high returns. If we dive down memory lane, we discover he’s the same person who once made a very reproachful remark about the central bank.
Let’s uncover the whole story….
Presidential candidate promoting scam
Last year, Milei used his Instagram account to promote a shady website, CoinX. The crypto trading platform invested a considerable sum in making the website authentic; the scammers used AI bots and adopted high-grade tools to automate trade.
Per some confidential sources, Milei took a tour of the exchange office. He mentioned in the promotional post that CoinX is an emerging platform enabling people to cope with inflation. Many investors, believing the presidential candidate’s positive word-of-mouth, staked millions on this fake platform and are now left in a whirlwind.
Earlier in an investigation, CoinX operations were suspended because the National Securities Commission found the platform is not aligning with the ethical norms. Now, when investors lose their hard-earned money, they take no time to blame the high-profile promoter. Whether he knowingly promoted this fake website or was trapped by scammers is still unknown.
Was Milei just a scapegoat?
The million-dollar scam is gradually undermining specific facts; well, we still have no idea whether it’s a well-thought-out scheme or a conspiracy to defame the libertarian economist. In an interview, he offered full-fledged support to bitcoin. He called the central bank a scam as they control people’s money through inflation. He wants money to be a personal asset which should never come under the radar of any central regulatory forces.
Upon questioning, the 51-year-old presidential candidate revealed the only intention underlying the promotion of CoinX is to help citizens from distressing inflation. He denied any charges of being hired by the spammy crypto exchange to involve in promotional tactics; he said he got no single penny from it.
Investigations are carried out; the truth is yet to come out to the general public. If Milei is found guilty, the law must punish him and extract investors’ hard-earned money soon. Stay alert!
