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The rise of scammers like SBF, Do Kwon, and Zhu Su highlights how malicious individuals can exploit the innocent. Today, numerous individuals resembling these figures exist within the crypto space, driven by the singular goal of extracting unfair profits from unsuspecting victims. The President of Argentina appears to be part of this troubling narrative.
Argentina and LIBRA Coin
Following fraud allegations, Argentine President Javier Milei deleted a post about LIBRA. However, he recently retweeted a guide on how to acquire LIBRA. Despite promising to eradicate irregularities and injustice upon taking office, Milei now finds himself implicated in a crypto rug pull while promoting a token that has harmed investors.
Interestingly, on February 14, Milei shared information about a project aiming to attract investment to small businesses in Argentina using cryptocurrency. After facing criticism, he claimed ignorance about the details and denied responsibility due to rug pulls—a sudden sell-off of a significant token impacting investors.
Stock Market Decline in Argentina
Despite Milei’s insistence of no involvement, a statement from his office indicated he met with project stakeholders at least twice. Following this announcement, the token’s price surged to $5 before plummeting to $1.
In the wake of these events, the opposition heavily criticized the President, raising accusations of neglect, money laundering, and misconduct in his official capacity. This has escalated to discussions about a proposal for his removal from office.
Today, the stock index experienced a 5% decline. The peso also lost value against the dollar, with the most market-based exchange rate seeing a 1.7% increase. Amid these developments, prominent figures on the Solana 
$126 network have reportedly profited from worthless tokens with a lifespan of just one hour, while former investors hope to see an end to these scam-like meme coins.
