What is the crypto scandal involving Argentina's President Javier Milei?

Argentina's President Milei is at the center of a crypto scandal after promoting a meme coin on his X (Twitter) social media platform. Milei claimed the cryptocurrency would help fund small businesses and startups, even sharing a link to purchase it, which caused its price to surge initially. However, within hours, the cryptocurrency's value plummeted dramatically, causing investors to lose significant amounts of money. This scandal has now escalated to serious legal consequences, with Milei facing fraud accusations and calls for impeachment that could potentially cost him his presidency.