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World News@lemmy.worldEnglish · 5 days ago

Cryptocurrency promoted by Argentina's Milei crashes

www.france24.com

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Cryptocurrency promoted by Argentina's Milei crashes

www.france24.com

antonim@lemmy.dbzer0.com to

World News@lemmy.worldEnglish · 5 days ago

Argentina's President Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an "urgent investigation".

lmaooo

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5 days ago
The crash really isn’t the intent, that’s true. They just have the majority of the coins, so when they pull out (rugpull) it crashes.

The crash isn’t the intent but a side-effect of their goal to make out with the money.

I guess it’s more that they don’t care about how that affects others.

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