Argentina's presidential spokesperson Manuel Adorni said on Tuesday that it was "insulting" to speculate that bribes where involved in the case of libertarian President Javier Milei promoting a cryptocurrency that rapidly slumped.

An ally of Trump and darling of the global right, Javier Milei tries to deflect critics after a cryptocurrency he endorsed collapsed, wiping out $4 billion in value.

Argentina President Javier Milei is facing withering criticism, including some calls for impeachment, after promoting a new cryptocurrency on his social media account.