Argentine President Javier Milei’s foray into the world of cryptocurrency has taken a decidedly negative turn, leaving him embroiled in a memecoin scandal just ahead of a crucial trip to the United States.

Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday. Some people online have accused Milei of what is known as a "rug pull" - where promoters of a cryptocurrency draw in buyers,

Argentinian president Javier Milei is facing calls for impeachment and a possible criminal investigation for his role in the rise and fast collapse of a memecoin.