<\/p>\n
Argentine President Javier Milei has officially dissolved the investigative unit created earlier this year to look into potential fraud linked to the cryptocurrency LIBRA.\u00a0<\/p>\n
LIBRA (LIBRA) was the cryptocurrency that Milei promoted on social media, and he has been under scrutiny ever since. This move comes just three months after the unit\u2019s formation.<\/p>\n
According to the decree signed by Milei and Justice Minister Mariano C\u00faneo Libarona, the task force \u201chas fulfilled the task assigned to it,\u201d having forwarded its findings to the Public Prosecutor\u2019s Office, according<\/a> to local reporting.\u00a0<\/p>\n However, no report has been made public, and the government has not disclosed what, if any, accountability measures were taken, per the reports.<\/p>\n <\/p>\n LIBRA surged in value after Milei endorsed it on February 14 via his X account, then quickly collapsed, leading to multimillion-dollar losses for investors and international headlines.\u00a0<\/p>\n The fallout prompted Argentina\u2019s Parliament to open its own investigation and sparked judicial probes in the U.S. and Spain into possible fraudulent schemes involving Milei and his sister, Karina Milei.<\/p>\n The now-defunct UTI had been empowered to gather information from national and international bodies without additional budget allocations, according<\/a> to reporting.\u00a0<\/p>\nMilei\u2019s dubious relationship with LIBRA<\/h2>\n