Argentinean President Javier Miley is facing the possibility of being brought to the sidelines of fraud in promoting cryptocurrencies on social media.

Miley, in particular, released X, a former Twitter, about the $ Libra currency on Friday, which, he said, would help to finance small and start -up businesses.

He even shared a shopping link in his post, so the price of cryptocurrency was launched.

In a few hours, however, he deleted his post and the cryptocurrency lost value, resulting in investors losing most of their money.

Some members of the Congress opposition state that they are planning to start procedures for Miley’s referral.

Meanwhile, lawyers have filed complaints about fraud on the Argentine criminal court on Sunday.

Several internet users accuse Argentinean president “pulling blanket”, as it is called his tactics, supporters of a cryptocurrency to attract buyers, just to stop trading activity and earn the money raised from sales.

They emphasized that the link used to buy currency even brought a phrase a phrase used by the president in his speeches.

However, the Argentine Presidential Office said on Saturday that the decision to remove the Association was to avoid “speculation” after the public’s reaction to circulating the cryptocurrency.

He added that Miley did not participate in the development of cryptocurrency and that the government’s corruption office would investigate and determine if someone had acted inappropriately, including the President himself.

Jonatan Baldiviezo, one of the plaintiffs who filed legal action, told the Associated Press that the crime of fraud was committed and the president’s actions to happen were essential.

On the basis of the above, Miley’s political opponents seem to have found suitable ground to act.

Former President Cristina Fernández de Kirchner, which is now in the opposition, has been criticized, calling him “Crypiter” in a suspension that has taken 6.4 million times.

For his part, the country’s opposition coalition said he would request a referral of the president, describing the “unprecedented scandal”.

Esteban Paulón, a member of the opposition Socialist Party, said in a report on X that he would also request the start of the referral process.