密码盖：阿根廷总统哈维尔·米利（Javier Milei

阿根廷布宜诺斯艾利斯 - 阿根廷总统贾维尔·米利（Javier Milei）正面临着腐败的调查

Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, a highly speculative form of cryptocurrency that’s surged in popularity after President Donald Trump and his wife launched tokens of their own.

阿根廷总统哈维尔·麦利（Javier Milei）正面临腐败的调查，以促进他对模因硬币的促进，这是一种高度投机的加密货币形式，在唐纳德·特朗普总统和他的妻子发起了自己的代币之后，这一形式受到了普及。

Here’s an explainer on what happened and where things stand:

这是关于发生的事情和一切所在的解释者：

First off, what exactly is a meme coin?

首先，模因硬币到底是什么？

Meme coins are a type of cryptocurrency that are generally just goofs on internet memes, viral moments or celebrities that aren’t trying to make use of a new technology or solve any new problems. They often have silly names, like Dogecoin, or Fartcoin.

模因硬币是一种加密货币，通常只是在互联网模因，病毒时刻或名人中不尝试使用新技术或解决任何新问题。他们经常有愚蠢的名字，例如Dogecoin或Fartcoin。

Critics – including many cryptocurrency enthusiasts — say they are nothing more than digital Ponzi schemes that exist to enrich insiders at the expense of retail investors. Those more supportive say meme coins shouldn’t be so easily dismissed and could be early indicators of ways in which the internet could revolutionize financial and other transactions.

批评家（包括许多加密货币爱好者）说，它们不过是数字庞氏骗局，这些计划以牺牲零售投资者为代价来丰富内部人士。那些更支持性的说明模因硬币不应那么容易被解雇，并且可能是互联网可以彻底改变财务和其他交易的方式的早期指标。

“New technologies often look like a toy but evolve into something much more powerful over time,” Coinbase CEO Brian Armstrong said in a recent social media post.

Coinbase首席执行官Brian Armstrong在最近的社交媒体帖子中说：“新技术通常看起来像一个玩具，但演变成更强大的东西。”

So, what happened with the meme coin associated with Milei?

那么，与Milei相关的模因硬币发生了什么？

In short, a disaster.

简而言之，一场灾难。

Milei, the tech-loving, chainsaw-wielding , libertarian president of Argentina, posted on X about the meme coin $LIBRA on Friday, just after it had launched, stating he was “encouraging economic growth by funding small businesses and startups.”

爱国者的自由主义者主席麦利（Milei）是爱好者，挥舞科技的挥舞，挥舞着电锯，在X上发布了X上关于Meme Coin $ libra的发布，恰恰是在它推出之后，他说他“通过资助小型企业和初创公司来鼓励经济增长”。

The coin’s price soared almost immediately, pushing the market value for the project beyond $4 billion.

硬币的价格几乎立即飙升，将项目的市场价值推向了40亿美元。

A few hours after launch, early holders of the coin started cashing out of the project and its price collapsed.

发射几个小时后，硬币的早期持有人开始兑现该项目，其价格崩溃了。

The trajectory of $LIBRA’s price had the hallmarks of a “rug pull,” a not uncommon phenomenon with meme coins. Rug pulls occur when insiders dump their holdings in newly launched meme coins that are soaring in value, which tanks the price and causes losses to newer investors.

$ libra的价格的轨迹具有“地毯拉力”的标志，这是一种与模因硬币的现象。当内部人员将其持股量倒在新发射的模因硬币中时，就会发生地毯拉力，这些硬币的价值飙升，坦克价格并损失了新的投资者。

Milei deleted his initial post after the price collapsed and distanced himself from the project. By Monday, dozens of criminal complaints had been filed, a judge in Argentina had been selected to investigate allegations of fraud and Argentina’s main opposition party called for his impeachment.

麦莉（Milei）的价格崩溃并与该项目保持距离之后，麦莉（Milei）删除了他的最初帖子。到周一，已经提出了数十起刑事诉讼，阿根廷的一名法官被选为调查有关欺诈的指控，阿根廷的主要反对党呼吁弹each。

On Friday, a federal prosecutor formally opened the probe to determine the involvement of Milei and five others in the creation and promotion of $LIBRA, for the possible crimes of bribery, fraud, influence peddling and abuse of authority.

星期五，一名联邦检察官正式开放了调查，以确定麦利和其他五个人参与$ libra的创建和促进，以实现贿赂，欺诈，影响兜售和滥用权威的可能犯罪。

A defiant Milei insisted he had acted in good faith and said that he had asked the Justice Ministry’s Anti-Corruption Office to investigate if he or anyone else had committed wrongdoing.

一位反抗的麦莉坚持认为自己是真诚的行动，并说他已要求司法部的反腐败办公室调查他或其他任何人是否犯有不法行为。

Who is a key player in this?

谁是关键球员？

Hayden Davis, a 28-year-old American crypto developer who said he’s an adviser to Milei and helped launch $LIBRA, has emerged as a central figure. Milei’s office said the government has no connection to Davis.

海顿·戴维斯（Hayden Davis）是一位28岁的美国加密开发商，他说他是麦利（Milei）的顾问，并帮助推出了$ libra，他已经成为中心人物。米利办公室说，政府与戴维斯没有任何联系。

In an interview with independent crypto journalist Stephen Findeisen, Davis said that meme coins are essentially a rigged game that benefit a small group of people at the expense of retail investors.

戴维斯（Davis）在接受独立加密记者史蒂芬·findeisen（Stephen Findeisen）的采访时说，模因硬币本质上是一款操纵的游戏，使一小群人受益于零售投资者。

“It is an insiders’ game. This is an unregulated casino,” Davis said.

“这是一个内部人的游戏。这是一个不受管制的赌场，”戴维斯说。

Davis said the $LIBRA coin was not a rug pull but was supposed to be an experiment to show the power and utility of digital currency that’s consistent with Milei’s desire for Argentina to be a hub for innovation.

戴维斯说，$天秤座的硬币不是地毯的拉力，而是应该是一个实验，以表明数字货币的力量和实用性，这与麦莉希望阿根廷成为创新的枢纽一致。

Davis also said he was involved in the launch of Melania Trump’s meme coin. Launched just before her husband took office, that meme coin’s price underwent a similar trajectory as $LIBRA — quickly soaring upon launch and then dropping. The first lady’s office declined to comment.

戴维斯还说，他参与了梅拉尼亚·特朗普的模因硬币的推出。在丈夫上任之前，该模因硬币的价格与$ libra的轨迹相似，在她的丈夫上任之前发射了，在发射时迅速飙升，然后下降。第一夫人的办公室拒绝发表评论。

Who else was involved?

还有谁参与？

Online influencer Dave Portnoy, who founded the Barstool Sports podcast empire and is a vocal gambling enthusiast, said on social media that Davis had told him about $LIBRA’s launch before it went public and asked him to promote it.

在线影响者Dave Portnoy创立了Barstool Sports Podcast Empire，并且是一位声乐赌博的爱好者，他在社交媒体上说，戴维斯曾告诉他$ libra的发布会，然后才公开并要求他推广它。

Portnoy said there were also discussions about the possibility of him interviewing Milei, much like he’d done with President Donald Trump during his first term. Portnoy said he did not buy any $LIBRA until after Milei’s post on X and lost money on the purchase when the price crashed. Davis said he reimbursed Portnoy’s losses.

Portnoy说，也有关于他采访麦利的可能性的讨论，就像他在第一学期中与唐纳德·特朗普总统所做的那样。 Portnoy说，直到Milei在X上发表帖子并在价格崩溃时丢失了钱后，他才购买任何$ Libra。戴维斯说，他偿还了波特诺伊的损失。

“Meow” is the anonymous co-founder of a crypto firm involved in launching meme coins, including $LIBRA, said on social media that they were confident that no one at the firms had been involved in insider trading or financial wrongdoing. Still, Meow said the company had hired a law firm to conduct an independent investigation and that one of the company’s leaders had resigned for showing “a lack of judgement.”

“ Meow”是一家参与推出模因硬币（包括$ libra）的加密公司的匿名联合创始人，在社交媒体上说，他们有信心，这些公司没有人参与内幕交易或财务不当行为。 Meow仍然说，该公司聘请了一家律师事务所进行独立调查，该公司的一位领导人因表现出“缺乏判断力”而辞职。

What's next for Milei?

麦莉的下一步是什么？

Cryptogate represents the first big scandal of Milei’s presidency. Analysts said it risks eroding public confidence in Milei, who rose to prominence as an iconoclastic economist vowing to tame Argentina’s sky-high inflation and eliminate corruption among the

密码材料代表了麦莉（Milei）总统任期的第一个大丑闻。分析人士说，这有可能侵蚀公众对麦利的信心，麦利（Milei）成为一名象征性的经济学家，誓言阿根廷驯服的天空高涨，并消除了腐败