The Anti-Corruption Office (OA) of Argentina will investigate President Javier Milei and members of his cabinet, at the request of the head of State himself, after he promoted a cryptocurrency on his social networks with possible links to virtual scams.

“President Javier Milei has decided to give immediate intervention to the Anti-Corruption Office (OA) to determine if there was improper conduct on the part of any member of the National Government, including the President himself,” the President’s Office said in a statement.

The OA, a decentralized entity but dependent on the Executive Branch under the Ministry of Justice directed by Mariano Cúneo Libarona, is led by Alejandro Melik, who was a partner of the minister when he worked as a defense lawyer.

Milei decided to create a Research Task Unit (UTI) to investigate ‘$LIBRA’ – the digital currency he advertised – along with all the companies or people involved in his operation.

The UTI, which will be under the President’s orbit, will be composed of representatives of organizations linked to crypto assets, financial activities, money laundering, and other related areas.

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“All the information collected in the investigation will be delivered to the Justice to determine if any of the companies or people linked to the KIP Protocol project committed a crime,” they added in the document.

According to the presidential office, the representatives of the KIP Protocol company had a meeting with Milei on October 19, where they told him about the idea of developing a project called “Viva la Libertad” with the intention of financing private ventures in the country using blockchain technology.

“In that meeting, which was duly settled in the Register of Public Hearings, was attended by the President of the Nation; the representatives of the company KIP Protocol, Mauricio Novellli and Julian Peh; and the presidential spokesman, Manuel Adorni,” they listed.}

On January 30 of this year, Milei met at Casa Rosada – headquarters of the Executive – with businessman Hayden Mark Davis, who, according to KIP Protocol, would provide the technological infrastructure for this project.

“Mr. Davis had and has no connection with the Argentine government and was presented by the representatives of KIP Protocol as one of its partners in the project,” the statement said.

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From Casa Rosada they established that the Argentine president shared the launch publication of ‘$LIBRA’ on his “personal accounts,” but that it was not “part of the development of cryptocurrency” in any instance.

After the repercussions, Milei decided to delete the publication to avoid spreading it, but in the hours it took, the demand for the cryptocurrency exploded, its price inflated, moved millions, its initial investors withdrew the money obtaining about 87.4 million dollars and it collapsed.

Both KIP Protocol and Davis issued statements on their social networks, where they passed on blame for what happened to each other, although the latter accused Milei’s team of charging against Julian Peh to avoid taking responsibility for what happened.