Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme

Argentine presidential candidate Javier Milei sued over alleged crypto ponzi scheme. Javier Milei, a top contender to be the next president of Argentina, last year uploaded an Instagram post to his 1.3 million followers promoting CoinX, a crypto investment platform that promised huge returns to users. But CoinX closed up shop after the regulatory National Securities Commission (CNV) warned that the platform had no legal right to operate in the country and ordered it to stop operations. It also hadn’t paid back investors the returns expected, local media reported.