BUENOS AIRES, Argentina: A judge in Argentina was selected Monday to investigate allegations of fraud against President Javier Milei for his brief promotion of a cryptocurrency whose value collapsed within hours of its launch last week. Milei distanced himself from the scandal and said he acted in good faith.
Milei and his office denied involvement with creators of the $LIBRA cryptocurrency, saying he initially drew attention to it Friday as an entrepreneurial project that might benefit Argentina but learned more about it later and then withdrew his support.
Lawyers in Argentina filed fraud complaints against the libertarian President on Sunday. The case was assigned Monday to Judge María Servini, head of Federal Court No. 1 in Buenos Aires. She doesn’t have a deadline to finish investigating the allegations.
In a tweet Friday evening that coincided with the launch of the $LIBRA crypto coin, Milei said that it was aimed at “encouraging economic growth by funding small businesses and startups.”
It enjoyed a brief spike in value above $4 billion in market capitalization, although its value began to decline amid comments of critics that it could be a scam. Milei deleted the post a few hours later as the value of the cryptocurrency was collapsing in a downturn that caused millions of dollars in losses to many of its new investors.
The coin, developed by KIP Protocol and Hayden Davis, could be obtained by accessing a link that directed users to a website called vivalalibertadproject.com, referring to the well-known phrase “Viva la libertad!” that Milei uses to close speeches and messages on his social media.
The president’s office said in a statement that Milei was not involved in any stage of the cryptocurrency’s development and decided to remove his post to avoid speculation and limit further exposure, following the public reaction to the project’s launch.
“The president shared a post on his personal accounts announcing the launch of KIP Protocol’s project, as he does daily with many entrepreneurs who wish to launch projects in Argentina to create jobs and attract investments,” the president’s office said.
After deleting the post, Milei said on X he was unaware of the details of the cryptocurrency, and accused his political opponents of trying to exploit the episode.
“I have nothing to hide and I have no problem coming forward and showing my face,” Milei said Monday in an interview with the Todo Noticias channel. “Those who entered there voluntarily knew what they were getting into,” he added. “As volatility traders, they understood the risks involved.”
His office said in the statement that the country’s Anti-Corruption Office, which operates under the executive branch, would investigate the case.
Jonatan Baldiviezo, a lawyer and one of the plaintiffs, said Sunday that the plaintiffs allege that Milei’s actions were part of an illicit association to commit “an indeterminate number of frauds” in the episode.
“Within this illicit association, the crime of fraud was committed, in which the president’s actions were essential,” he said.
 

WASHINGTON: The Trump administration has begun firing several hundred Federal Aviation Administration employees, upending staff on a busy air travel weekend and just weeks after a January fatal midair collision at Ronald Reagan Washington National Airport.
Probationary workers were targeted in late-night emails Friday notifying them they had been fired, David Spero, president of the Professional Aviation Safety Specialists union, said in a statement.
The impacted workers include personnel hired for FAA radar, landing and navigational aid maintenance, one air traffic controller told The Associated Press. The air traffic controller was not authorized to talk to the media and spoke on condition of anonymity.
A Transportation Department official told the AP late Monday that no air traffic controllers were affected by the cuts, and that the agency has “retained employees who perform critical safety functions.” In a follow-up query the agency said they would have to look into whether the radar, landing and navigational aid workers affected were considered to handle critical safety functions.
The National Air Traffic Controllers Association said in a brief statement Monday it was “analyzing the effect of the reported federal employee terminations on aviation safety, the national airspace system and our members.”
Other FAA employees who were fired were working on an urgent and classified early warning radar system the Air Force had announced in 2023 for Hawaii to detect incoming cruise missiles, through a program that was in part funded by the Defense Department. It’s one of several programs that the FAA’s National Defense Program manages that involve radars providing longer-range detection around the country’s borders.
Due to the nature of their work, staff in that office typically provide an extensive knowledge transfer before retiring to make sure no institutional knowledge is lost, said Charles Spitzer-Stadtlander, one of the employees in that branch who was terminated.
The Hawaii radar and the FAA National Defense Program office working on it are “about protecting national security,” Spitzer-Stadtlander said. “I don’t think they even knew what NDP does, they just thought, oh no big deal, he just works for the FAA.”
“This is about protecting national security, and I’m scared to death,” Spitzer-Stadtlander said. “And the American public should be scared too.”
Spero said messages began arriving after 7 p.m. Friday and continued late into the night. More might be notified over the long weekend or barred from entering FAA buildings Tuesday, he said.
The employees were fired “without cause nor based on performance or conduct,” Spero said, and the emails were “from an ‘exec order’ Microsoft email address” — not a government email address. A copy of the termination email that was provided to the AP shows the sending address “[email protected].”
The firings hit the FAA as it is facing a shortfall in controllers. Federal officials have been raising concerns about an overtaxed and understaffed air traffic control system for years, especially after a series of close calls between planes at US airports. Among the reasons they have cited for staffing shortages are uncompetitive pay, long shifts, intensive training and mandatory retirements.
In the Jan. 29 fatal crash between a US Army Black Hawk helicopter and American Airlines passenger jet, which is still under investigation, one controller was handing both commercial airline and helicopter traffic at the busy airport.
Just days before the collision, President Donald Trump had already fired all the members of the Aviation Security Advisory Committee, a panel mandated by Congress after the 1988 PanAm 103 bombing over Lockerbie, Scotland. The committee is charged with examining safety issues at airlines and airports.
Spitzer-Stadtlander suggested he was targeted for firing for his views on Tesla and X, formerly Twitter, not as part of a general probationary-level sweep. Both companies are owned by Elon Musk, whose Department of Government Efficiency is leading Trump’s effort to cut the federal government.
Spitzer-Stadtlander is Jewish and was angered by Musk’s straight-arm gesture at Trump’s inauguration. On his personal Facebook page he urged friends to get rid of their Teslas and X accounts in response.
Spitzer-Stadtlander said that post drew the attention of a Facebook account labeled “Department of Government Efficiency,” which reacted with a laughing emoji. Soon after, he saw the same account reacting to much older posts through his personal Facebook feed.
There are at least a half-dozen Facebook accounts labeled “Department of Government Efficiency,” and it’s unclear who operates any of them. White House spokesperson Karoline Leavitt wrote Monday on X, “DOGE doesn’t even have a Facebook page.”
Spitzer-Stadtlander said he was supposed to be exempted from the probationary firings because the FAA office he worked in focused on national security threats such as attacks on the national airspace by drones.
“Less than a week later, I was fired, despite my position allegedly being exempted due to national security,” Spitzer-Stadtlander wrote in a post over the weekend on LinkedIn.
He added, “When DOGE fired me, they turned off my computer and wiped all of my files without warning.”
DOGE did not immediately respond to a request for comment. The firings were first reported by CNN.