Argentine President Javier Milei is facing mounting legal trouble after a cryptocurrency scandal involving the LIBRA token. Lawyers have filed fraud charges against Milei, while another legal firm is preparing a class-action lawsuit on behalf of investors who lost money in the token’s rapid rise and collapse.

The controversy erupted after Milei promoted the Libertad project’s native Solana-based token, LIBRA, in a post on X (formerly Twitter), causing the token’s market capitalization to surge to $4.56 billion on Feb. 14. However, after Milei deleted the post, LIBRA plummeted by over 94%, prompting allegations of a pump-and-dump…