Argentine President Javier Milei is under fire after endorsing a cryptocurrency that experienced a dramatic price surge and subsequent collapse within hours, leaving investors with significant losses. The controversy has sparked calls for his impeachment and multiple legal complaints, including allegations of financial fraud.

It was unclear if any money was exchanged between Davis and Milei's inner circle in advance of Libra's launch.

One of the creators behind the controversial Libra crypto token reportedly sent a text message bragging about being able to pay Argentine President Javier Milei’s sister in exchange for the president sharing the memecoin’s details on X,