peter thiel argentina crypto colony collapse after key investor flees buenos aires amid fraud allegations
A cryptocurrency-backed utopian community in Argentina, co-founded by tech billionaire Peter Thiel, has crumbled after its lead investor fled the country following accusations of a multi-million dollar Ponzi scheme. Insiders claim the colony, which promised a decentralized, tax-free haven in Patagonia, was a front for laundering funds siphoned from a fraudulent digital token. Thiel’s representatives have denied any wrongdoing, calling the project a "failed experiment," but local authorities have launched an investigation.