Feb 26 • 05:33 UTC 🇫🇮 Finland Yle Uutiset

The president of Argentina got tangled up in a hundreds of millions cryptocurrency scam - the evidence is compelling, but the investigation is stagnant

Argentinian President Javier Milei is embroiled in a significant cryptocurrency scandal linked to an advisor, raising questions about his administration's integrity.

On January 30, 2025, a seemingly ordinary day in Buenos Aires, a young American cryptocurrency influencer named Hayden Davis arrived at the Casa Rosada to sign a secret agreement with President Javier Milei, aiming to become an advisor on technology and financial opportunities. This partnership quickly attracted attention when details of their arrangement surfaced, highlighting the controversial nature of Milei's endorsement for citizens to invest in cryptocurrency, particularly in light of an ongoing investigation into Davis's activities.

Just two weeks after their meeting, the situation escalated dramatically, with escalating evidence pointing towards Davis's involvement in a massive cryptocurrency scam that made him wealthy while placing Milei at the center of a growing scandal. Notably, on Valentine's Day, a cryptic message containing a complex code raised eyebrows; it was unclear whether it was sent by Davis himself or another party, further complicating the narrative that surrounded Milei.

The ramifications of this scandal could be significant for Argentina as Milei's government faces scrutiny over its transparency and financial ethics. The lack of progress in the investigation is troubling, suggesting either a possible cover-up or inefficiencies within the judicial system, which may impact public trust in the government and cause unrest among citizens increasingly wary of financial investments, especially in volatile sectors like cryptocurrency.

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