Binance Square

LIBRA

2.1M views
633 Discussing
BSFtraders
--
See original
🇦🇷💥 $LIBRA — Meme Coin That Caused a Political Scandal in Argentina 🔥 At the beginning of 2025, Argentine President Javier Milei publicly endorsed the cryptocurrency $LIBRA, calling it a "symbol of financial freedom." Following this announcement, the token's price skyrocketed. But everything changed within a matter of days... 📉 What happened? 🧢 Promotion from the president — Milei actively promoted $LIBRA, claiming support for cryptocurrencies and libertarian values. 💸 Sharp decline — A week after the surge, the $LIBRA exchange rate collapsed, causing $250 million in losses for investors. ⚖️ Political consequences — The opposition dubbed it “Cryptogate” and demanded an investigation into the possible conflict of interest of the president. 🤯 This story is an example of how a meme coin can not only explode the market but also become part of a major political scandal. 🧠 What do you think? Should politicians promote cryptocurrencies? Where is the line between supporting innovation and manipulating the market? ✍️ Share your opinion in the comments! #crypto #LIBRA #мемкойн #криптовалюта #политика {spot}(BTCUSDT) {spot}(TRUMPUSDT) {spot}(INITUSDT)
🇦🇷💥 $LIBRA — Meme Coin That Caused a Political Scandal in Argentina

🔥 At the beginning of 2025, Argentine President Javier Milei publicly endorsed the cryptocurrency $LIBRA, calling it a "symbol of financial freedom." Following this announcement, the token's price skyrocketed. But everything changed within a matter of days...
📉 What happened?
🧢 Promotion from the president — Milei actively promoted $LIBRA, claiming support for cryptocurrencies and libertarian values.
💸 Sharp decline — A week after the surge, the $LIBRA exchange rate collapsed, causing $250 million in losses for investors.
⚖️ Political consequences — The opposition dubbed it “Cryptogate” and demanded an investigation into the possible conflict of interest of the president.
🤯 This story is an example of how a meme coin can not only explode the market but also become part of a major political scandal.
🧠 What do you think?
Should politicians promote cryptocurrencies? Where is the line between supporting innovation and manipulating the market?

✍️ Share your opinion in the comments!

#crypto #LIBRA #мемкойн #криптовалюта #политика


--
Bullish
See original
⚖️ President, meme coin, and $250 million in losses — the new "Cryptogate" in Latin America "Meme coins have always been the Wild West of crypto. But when the president gets involved — it's already a political thriller." 🔥 At the beginning of 2025, Argentine President Javier Milei publicly supported the cryptocurrency $LIBRA, calling it a "symbol of financial freedom." Following this statement, the token's price skyrocketed. But everything changed in just a few days 📉 What happened? 🧢 Promotion from the president — Milei actively promoted $LIBRA, expressing support for cryptocurrencies and libertarian values. 💸 Sharp decline — A week after the surge, the price of $LIBRA plummeted, causing $250 million in damages to investors. ⚖️ Political consequences — The opposition labeled it “Cryptogate” and demanded an investigation into the possible conflict of interest of the president. 🤯 This story is an example of how a meme coin can not only explode the market but also become part of a major political scandal. 🧠 What do you think? Should politicians promote cryptocurrencies? Where is the line between supporting innovation and manipulating the market? ✍️ Share your opinion in the comments! #LIBRA #мемкойн #криптовалюта #политика #скандал {spot}(XRPUSDT) {spot}(INITUSDT) {spot}(INJUSDT)
⚖️ President, meme coin, and $250 million in losses — the new "Cryptogate" in Latin America

"Meme coins have always been the Wild West of crypto. But when the president gets involved — it's already a political thriller."
🔥 At the beginning of 2025, Argentine President Javier Milei publicly supported the cryptocurrency $LIBRA, calling it a "symbol of financial freedom." Following this statement, the token's price skyrocketed. But everything changed in just a few days
📉 What happened?
🧢 Promotion from the president — Milei actively promoted $LIBRA, expressing support for cryptocurrencies and libertarian values.
💸 Sharp decline — A week after the surge, the price of $LIBRA plummeted, causing $250 million in damages to investors.
⚖️ Political consequences — The opposition labeled it “Cryptogate” and demanded an investigation into the possible conflict of interest of the president.
🤯 This story is an example of how a meme coin can not only explode the market but also become part of a major political scandal.
🧠 What do you think?
Should politicians promote cryptocurrencies? Where is the line between supporting innovation and manipulating the market?
✍️ Share your opinion in the comments!
#LIBRA #мемкойн #криптовалюта #политика #скандал

#argentina #libra National Uproar as Argentina’s $LIBRA Cryptocurrency Collapses Argentina is in the midst of a political and financial crisis following the dramatic crash of the $LIBRA meme coin—a cryptocurrency publicly supported by President Javier Milei. Once hailed as a beacon of innovation and economic renewal, the digital asset quickly attracted attention from retail investors and crypto advocates. But its rapid rise was short-lived, as $LIBRA’s value nosedived, resulting in losses totaling around $250 million. Many critics claim the President’s backing gave the project undue credibility, with some now labeling it a pump-and-dump scheme. The controversy, now known as “Cryptogate,” has ignited nationwide demands for greater government transparency and stricter regulations. Both lawmakers and financial regulators are pushing for a formal inquiry into whether political influence was misused to sway market behavior for personal or political benefit. The fallout has undermined investor trust and sparked wider concerns about the influence of political figures on the highly volatile crypto market. Amid ongoing economic instability and inflation, the $LIBRA scandal highlights the dangers that arise when politics intersect with speculative, unregulated financial instruments.
#argentina #libra
National Uproar as Argentina’s $LIBRA Cryptocurrency Collapses

Argentina is in the midst of a political and financial crisis following the dramatic crash of the $LIBRA meme coin—a cryptocurrency publicly supported by President Javier Milei. Once hailed as a beacon of innovation and economic renewal, the digital asset quickly attracted attention from retail investors and crypto advocates. But its rapid rise was short-lived, as $LIBRA’s value nosedived, resulting in losses totaling around $250 million.

Many critics claim the President’s backing gave the project undue credibility, with some now labeling it a pump-and-dump scheme. The controversy, now known as “Cryptogate,” has ignited nationwide demands for greater government transparency and stricter regulations.

Both lawmakers and financial regulators are pushing for a formal inquiry into whether political influence was misused to sway market behavior for personal or political benefit. The fallout has undermined investor trust and sparked wider concerns about the influence of political figures on the highly volatile crypto market.

Amid ongoing economic instability and inflation, the $LIBRA scandal highlights the dangers that arise when politics intersect with speculative, unregulated financial instruments.
See original
Two crypto fraudsters celebrate a successful token deal #Libra
Two crypto fraudsters celebrate a successful token deal #Libra
What triggered #LIBRA 's 90% crash? 🚨 The launch of $LIBRA by Argentinian President Javier Milei was intended to support the growth of the Argentine economy. 🇦🇷 However, due to a poor understanding of how it works, rushed organization, and heavy selling, the market cap dropped from $4 billion to $200 million in just 5 hours. ⏱️💸 The price fell from a high of $4.50 to $0.40 (now), a decline of 91% 📉 #MileiMemeCoinControversy
What triggered #LIBRA 's 90% crash? 🚨

The launch of $LIBRA by Argentinian President Javier Milei was intended to support the growth of the Argentine economy. 🇦🇷

However, due to a poor understanding of how it works, rushed organization, and heavy selling, the market cap dropped from $4 billion to $200 million in just 5 hours. ⏱️💸

The price fell from a high of $4.50 to $0.40 (now), a decline of 91% 📉

#MileiMemeCoinControversy
🎉#Libra : Argentina’s President Sparks Debate Over Controversial Memecoin 🔥🚨💸 Argentine President Javier Milei has ignited controversy by endorsing Libra, a newly launched memecoin that has rapidly gained popularity across social media. Branded as a symbol of economic freedom, Libra has attracted significant attention from cryptocurrency enthusiasts and libertarians alike. However, skeptics remain unconvinced, questioning its legitimacy and long-term viability. Unlike Bitcoin—previously praised by Milei—Libra seems to function more as a speculative asset rather than a transformative financial instrument. Detractors argue it could be yet another pump-and-dump scheme designed to capitalize on hype, while supporters see it as a bold challenge to traditional financial systems. The coin’s rapid rise has further intensified debates about whether government figures should be directly involved in promoting cryptocurrencies. Milei’s backing of Libra has raised concerns about its potential impact on Argentina’s already fragile economy. While some applaud his embrace of decentralization, others warn that such endorsements could introduce financial instability. Is Libra a groundbreaking innovation or just a fleeting political maneuver? Only time will tell, but for now, it remains a hot topic in the ever-evolving world of digital assets. #LIBRACrash #CardanoETFTalk #GeopoliticalImpactOnBTC #Write2Earn $BTC $XRP $SOL
🎉#Libra : Argentina’s President Sparks Debate Over Controversial Memecoin 🔥🚨💸

Argentine President Javier Milei has ignited controversy by endorsing Libra, a newly launched memecoin that has rapidly gained popularity across social media. Branded as a symbol of economic freedom, Libra has attracted significant attention from cryptocurrency enthusiasts and libertarians alike. However, skeptics remain unconvinced, questioning its legitimacy and long-term viability.

Unlike Bitcoin—previously praised by Milei—Libra seems to function more as a speculative asset rather than a transformative financial instrument. Detractors argue it could be yet another pump-and-dump scheme designed to capitalize on hype, while supporters see it as a bold challenge to traditional financial systems. The coin’s rapid rise has further intensified debates about whether government figures should be directly involved in promoting cryptocurrencies.

Milei’s backing of Libra has raised concerns about its potential impact on Argentina’s already fragile economy. While some applaud his embrace of decentralization, others warn that such endorsements could introduce financial instability. Is Libra a groundbreaking innovation or just a fleeting political maneuver? Only time will tell, but for now, it remains a hot topic in the ever-evolving world of digital assets.
#LIBRACrash #CardanoETFTalk #GeopoliticalImpactOnBTC #Write2Earn $BTC $XRP $SOL
Regarding the Situation with the President of #argentina 1. Every day, influencers launch hundreds of identical tokens on $SOL  , and people lose millions daily—yet no one seems to question the need for legal investigations! But if the president tweets about a token, then it’s automatically a scam? So, are we applying double standards based on the status of the person promoting the token? 2. What is this ridiculous information about the "team" behind the #libra  token? What team exactly, and what did they even do? Did they just gather a focus group to come up with a name and ticker? Pressed two buttons to deploy a contract on Solana while paying 5$ in gas fees? Why would a shitcoin—especially on Solana—even need a team? Maybe a marketing team at best? 3. How do people at Milei’s level even get involved in such nonsense? Either he was aware of the plan from the start, or he’s just an idiot, or maybe he doesn’t even run his own Twitter account—some "team" does. 4. People lost money! Yes, imagine that—99% of people lose money on meme tokens! Everyone acts so surprised as if this is something new. The only difference is that when people lose money on other tokens, they stay quiet about it because they’re too ashamed to admit their stupidity—falling for yet another dog-themed token and losing a couple of thousand dollars. But if you lose money on the president’s meme token, then suddenly it’s a scam? You were robbed? No, you’re just a clown with a gambling addiction.
Regarding the Situation with the President of #argentina

1. Every day, influencers launch hundreds of identical tokens on $SOL  , and people lose millions daily—yet no one seems to question the need for legal investigations! But if the president tweets about a token, then it’s automatically a scam? So, are we applying double standards based on the status of the person promoting the token?

2. What is this ridiculous information about the "team" behind the #libra  token? What team exactly, and what did they even do? Did they just gather a focus group to come up with a name and ticker? Pressed two buttons to deploy a contract on Solana while paying 5$ in gas fees? Why would a shitcoin—especially on Solana—even need a team? Maybe a marketing team at best?

3. How do people at Milei’s level even get involved in such nonsense? Either he was aware of the plan from the start, or he’s just an idiot, or maybe he doesn’t even run his own Twitter account—some "team" does.

4. People lost money! Yes, imagine that—99% of people lose money on meme tokens! Everyone acts so surprised as if this is something new. The only difference is that when people lose money on other tokens, they stay quiet about it because they’re too ashamed to admit their stupidity—falling for yet another dog-themed token and losing a couple of thousand dollars. But if you lose money on the president’s meme token, then suddenly it’s a scam? You were robbed? No, you’re just a clown with a gambling addiction.
See original
Isn't it decentralized on-chain? Can't issuers and market makers be tracked quickly? They first say there's no profit, then claim that the profits support local businesses in Argentina. It's definitely a scam. Better to play with secondary Binance; as long as you are cautious with contracts, you won't lose even your underwear. #LIBRA #阿根廷总统
Isn't it decentralized on-chain? Can't issuers and market makers be tracked quickly? They first say there's no profit, then claim that the profits support local businesses in Argentina. It's definitely a scam. Better to play with secondary Binance; as long as you are cautious with contracts, you won't lose even your underwear. #LIBRA #阿根廷总统
See original
A certain LIBRA whale lost $695,000 in just seven minutes due to reverse band operations! This level of capital fluctuation is enough to make anyone's heart beat faster. Short-term fluctuations are large, and some whales dare to challenge the market, but once the operation is wrong, the loss will also explode quickly. #BNBChainMeme热潮 #libra #doge⚡ #om #xrp $OM $XRP $XLM
A certain LIBRA whale lost $695,000 in just seven minutes due to reverse band operations! This level of capital fluctuation is enough to make anyone's heart beat faster. Short-term fluctuations are large, and some whales dare to challenge the market, but once the operation is wrong, the loss will also explode quickly.
#BNBChainMeme热潮 #libra #doge⚡ #om #xrp $OM $XRP $XLM
--
Bullish
$BTC dominance has climbed to 60%, up 5% in the past month and 12% over the past year, as altcoins struggle with volatility. $SOL , for example, is down 4% in the past day, trading around $185. The collapse of the #libra memecoin, linked to Argentine President Javier Milei, wiped out $4B in market cap and further eroded investor confidence in riskier assets.
$BTC dominance has climbed to 60%, up 5% in the past month and 12% over the past year, as altcoins struggle with volatility.
$SOL , for example, is down 4% in the past day, trading around $185.
The collapse of the #libra memecoin, linked to Argentine President Javier Milei, wiped out $4B in market cap and further eroded investor confidence in riskier assets.
--
Bearish
See original
The Collapse of Pumpdotfun Activity After the LIBRA Rug Pull Scandal The Pumpdotfun platform, which was hosting a large wave of new projects and tokens, suffered a severe blow after the rug pull associated with the LIBRA project. LIBRA is a fraudulent project launched on Pumpdotfun, which attracted investors with promises of quick profits, but ended with a rug pull – meaning the developers suddenly withdrew liquidity, leading to a collapse in the token's value and losses for investors. This incident heightened concerns about the platform's safety and the projects launched on it. How did this affect Pumpdotfun? 📉 The number of new tokens being launched daily on the platform has decreased by more than 90% since its peak in February. 📉 The number of "graduated" tokens (i.e., projects that meet certain criteria on the platform) has dropped by almost the same percentage. What does this mean? 🔹 Declining trust: Investors and developers have become more cautious following what happened with LIBRA. 🔹 Decreased liquidity and activity: With the drop in new token numbers, opportunities for quick speculation that attracted users to the platform are diminishing. 🔹 Uncertain future: If the platform does not regain user trust, it may decline further or lose its importance to other platforms. This event reflects how rug pulls can destroy emerging projects, even if they initially achieve massive growth. #BitcoinPolicyShift #BTC #BTC走势分析 #libra $BTC {future}(BTCUSDT) $XRP {future}(XRPUSDT)
The Collapse of Pumpdotfun Activity After the LIBRA Rug Pull Scandal

The Pumpdotfun platform, which was hosting a large wave of new projects and tokens, suffered a severe blow after the rug pull associated with the LIBRA project.

LIBRA is a fraudulent project launched on Pumpdotfun, which attracted investors with promises of quick profits, but ended with a rug pull – meaning the developers suddenly withdrew liquidity, leading to a collapse in the token's value and losses for investors. This incident heightened concerns about the platform's safety and the projects launched on it.

How did this affect Pumpdotfun?

📉 The number of new tokens being launched daily on the platform has decreased by more than 90% since its peak in February.
📉 The number of "graduated" tokens (i.e., projects that meet certain criteria on the platform) has dropped by almost the same percentage.

What does this mean?

🔹 Declining trust: Investors and developers have become more cautious following what happened with LIBRA.
🔹 Decreased liquidity and activity: With the drop in new token numbers, opportunities for quick speculation that attracted users to the platform are diminishing.
🔹 Uncertain future: If the platform does not regain user trust, it may decline further or lose its importance to other platforms.

This event reflects how rug pulls can destroy emerging projects, even if they initially achieve massive growth.

#BitcoinPolicyShift #BTC #BTC走势分析 #libra
$BTC
$XRP
See original
What's wrong? Yesterday was a holiday, I overslept a bit from partying too hard. Can someone tell me what happened? #libra
What's wrong? Yesterday was a holiday, I overslept a bit from partying too hard. Can someone tell me what happened?
#libra
Argentina's $LIBRA Scandal: A Cautionary Crypto Tale 🔥🎁 One click on these tokens could change your future! 🔥🎁 $LIBRA 🔥🎁🔥🎁 $BTC 🔥🎁🔥🎁 $ETH 🔥🎁 Argentina faces a political scandal as President Javier Milei's promotion of the $LIBRA cryptocurrency led to significant investor losses, highlighting the risks in the crypto market. 🙏 Please like and follow—it makes a world to me! 🙏 💬 Your thoughts matter! Comment below, and I’ll reply! 💬 #LIBRA #Bitcoi n #Ethereum #CryptoScandal {spot}(APTUSDT) {spot}(SUIUSDT) {spot}(SOLUSDT)
Argentina's $LIBRA Scandal: A Cautionary Crypto Tale

🔥🎁 One click on these tokens could change your future! 🔥🎁 $LIBRA 🔥🎁🔥🎁 $BTC 🔥🎁🔥🎁 $ETH 🔥🎁

Argentina faces a political scandal as President Javier Milei's promotion of the $LIBRA cryptocurrency led to significant investor losses, highlighting the risks in the crypto market.

🙏 Please like and follow—it makes a world to me! 🙏

💬 Your thoughts matter! Comment below, and I’ll reply! 💬

#LIBRA #Bitcoi n #Ethereum #CryptoScandal


See original
Since the #libra scam of Argentine President Milley sucked blood, the overall activity of the SOL chain has declined a lot. Even the income of the #Pump platform has dropped by 50% in the past few days. The average daily income was 3 million US dollars before, and the average income in recent days was about 2 million US dollars. Yesterday, the income was 1.83 million US dollars. Although the overall income of the pump platform has declined now, the daily income is still considerable. The narrative dividend of meme coins alone is gradually fading. In the future, more meme coins and AI coins with more scenarios and applications will be needed to explode again. At present, many people are looking forward to the pump platform issuing coins. However, according to current news, the proportion of pump platform issuing coins and airdrops is not high. Many people who expect to make money on the platform may be disappointed. Even if the coins are issued, it should be difficult to make the platform's income grow rapidly in the short term! #BNBChainMeme热潮 #SOL走势分析 {future}(SOLUSDT)
Since the #libra scam of Argentine President Milley sucked blood, the overall activity of the SOL chain has declined a lot. Even the income of the #Pump platform has dropped by 50% in the past few days. The average daily income was 3 million US dollars before, and the average income in recent days was about 2 million US dollars. Yesterday, the income was 1.83 million US dollars.

Although the overall income of the pump platform has declined now, the daily income is still considerable. The narrative dividend of meme coins alone is gradually fading. In the future, more meme coins and AI coins with more scenarios and applications will be needed to explode again.

At present, many people are looking forward to the pump platform issuing coins. However, according to current news, the proportion of pump platform issuing coins and airdrops is not high. Many people who expect to make money on the platform may be disappointed. Even if the coins are issued, it should be difficult to make the platform's income grow rapidly in the short term!

#BNBChainMeme热潮 #SOL走势分析
🚨 Memecoins and New Investors: A Cautionary Tale 📉 A recent survey conducted by Chainplay and Storible revealed that politically-themed memecoins such as #TRUMP , #libra , and CAR attracted many first-time crypto investors but also resulted in significant losses and disillusionment. Nearly 80% of the 1,066 crypto investors surveyed purchased these president-endorsed memecoins, with about 37% being first-time buyers drawn by their political relevance and viral marketing. However, approximately 21% of these investors quit crypto altogether after their experience with these coins. This suggests that, rather than fostering long-term engagement in the market, these memecoins have led to significant disillusionment. 📉 Despite the initial hype, the value of these memecoins has plummeted, resulting in steep losses for holders. The findings indicate that two-thirds of president-endorsed memecoin investors are losing money. As of February 19, nearly 560,000 (52.3%) $TRUMP investors were at a loss, with almost 545,000 losing up to $10,000. Additionally, 287 $TRUMP investors lost over $1 million, totaling an overall loss of $3.6 billion for these investors. Three-quarters of LIBRA investors were also at a loss, with over 101,000 losing up to $10,000. Interestingly, while 26 LIBRA investors lost over $1 million, about 36 made over $1 million. 📉 The study also showed that 66% of CAR investors were at a loss, while 0.07% made over $100,000. The report concluded that while memecoins tied to political figures can attract mass participation, they also expose investors to the speculative nature of the market. The high-risk nature of these investments has pushed a significant portion of first-time buyers away from crypto entirely. This is an alarming trend, as widespread negative experiences could slow down broader adoption and trust in digital assets. {future}(TRUMPUSDT)
🚨 Memecoins and New Investors: A Cautionary Tale
📉 A recent survey conducted by Chainplay and Storible revealed that politically-themed memecoins such as #TRUMP , #libra , and CAR attracted many first-time crypto investors but also resulted in significant losses and disillusionment. Nearly 80% of the 1,066 crypto investors surveyed purchased these president-endorsed memecoins, with about 37% being first-time buyers drawn by their political relevance and viral marketing. However, approximately 21% of these investors quit crypto altogether after their experience with these coins.
This suggests that, rather than fostering long-term engagement in the market, these memecoins have led to significant disillusionment.
📉 Despite the initial hype, the value of these memecoins has plummeted, resulting in steep losses for holders. The findings indicate that two-thirds of president-endorsed memecoin investors are losing money. As of February 19, nearly 560,000 (52.3%) $TRUMP investors were at a loss, with almost 545,000 losing up to $10,000. Additionally, 287 $TRUMP investors lost over $1 million, totaling an overall loss of $3.6 billion for these investors. Three-quarters of LIBRA investors were also at a loss, with over 101,000 losing up to $10,000. Interestingly, while 26 LIBRA investors lost over $1 million, about 36 made over $1 million.
📉 The study also showed that 66% of CAR investors were at a loss, while 0.07% made over $100,000. The report concluded that while memecoins tied to political figures can attract mass participation, they also expose investors to the speculative nature of the market. The high-risk nature of these investments has pushed a significant portion of first-time buyers away from crypto entirely.
This is an alarming trend, as widespread negative experiences could slow down broader adoption and trust in digital assets.
See original
Judging from the on-chain data, this insider not only purchased a large amount of LIBRA, but also involved the flow of funds in the contract deployer's wallet. It should be noted that although the current loss is serious, this operation usually involves a longer-term layout, which may be waiting for the market to adjust or the arrival of greater momentum. If this whale continues to hold these LIBRA, market fluctuations in the next few days may determine the fate of this fund. What do you think of this large amount of capital inflow and outflow operation? #libra #BNBChainMeme热潮 #sol #om #PEPE‏ $BNX $TST
Judging from the on-chain data, this insider not only purchased a large amount of LIBRA, but also involved the flow of funds in the contract deployer's wallet. It should be noted that although the current loss is serious, this operation usually involves a longer-term layout, which may be waiting for the market to adjust or the arrival of greater momentum.
If this whale continues to hold these LIBRA, market fluctuations in the next few days may determine the fate of this fund. What do you think of this large amount of capital inflow and outflow operation?
#libra #BNBChainMeme热潮 #sol #om #PEPE‏ $BNX $TST
See original
The "crypto fiasco" of Milei has shaken the crypto and political world in Argentina. Four leaders have filed a criminal complaint against President Javier Milei, accusing him of being part of an alleged mega-scam through the promotion of the cryptocurrency $LIBRA on social media. According to the complaint, more than 40,000 investors suffered losses exceeding 4 billion dollars, after the value of $LIBRA was artificially inflated and then abruptly collapsed when large sums of capital were withdrawn. The accusation states that Milei, taking advantage of the trust generated by his image, spread the project without thoroughly understanding its details, which facilitated the coordination of a "rug pull" type scam. Additionally, figures close to his circle are involved, such as the President of the Chamber of Deputies, Martín Ménem, and executives from Kip Protocol and Kelsier Ventures. The controversy has generated strong reactions from the opposition, which is already demanding an impeachment trial and the immediate appearance of the president to clarify his involvement in this scandal, while experts warn about the risks of promoting digital assets without adequate regulation. $BNB #libra {spot}(PROMUSDT)
The "crypto fiasco" of Milei has shaken the crypto and political world in Argentina. Four leaders have filed a criminal complaint against President Javier Milei, accusing him of being part of an alleged mega-scam through the promotion of the cryptocurrency $LIBRA on social media. According to the complaint, more than 40,000 investors suffered losses exceeding 4 billion dollars, after the value of $LIBRA was artificially inflated and then abruptly collapsed when large sums of capital were withdrawn. The accusation states that Milei, taking advantage of the trust generated by his image, spread the project without thoroughly understanding its details, which facilitated the coordination of a "rug pull" type scam. Additionally, figures close to his circle are involved, such as the President of the Chamber of Deputies, Martín Ménem, and executives from Kip Protocol and Kelsier Ventures. The controversy has generated strong reactions from the opposition, which is already demanding an impeachment trial and the immediate appearance of the president to clarify his involvement in this scandal, while experts warn about the risks of promoting digital assets without adequate regulation.
$BNB
#libra
See original
📉The cryptocurrency market fell sharply this week following a series of negative events, such as the Bybit hack, the fraudulent launch of the LIBRA token, and the announcement of new tariffs by Donald Trump. 📈Despite the drop, MKR rose over 10% and story increased more than 6%, with the latter reaching a new all-time high. 🔴These were the only two cryptocurrencies that managed to stand out in a week where the market was painted red. Subscribe here and receive this newsletter every Sunday 👈 #libra #MKR #TRUMP #BybitHack #DonaldTrump $SOL
📉The cryptocurrency market fell sharply this week following a series of negative events, such as the Bybit hack, the fraudulent launch of the LIBRA token, and the announcement of new tariffs by Donald Trump.

📈Despite the drop, MKR rose over 10% and story increased more than 6%, with the latter reaching a new all-time high.

🔴These were the only two cryptocurrencies that managed to stand out in a week where the market was painted red.

Subscribe here and receive this newsletter every Sunday 👈

#libra #MKR #TRUMP #BybitHack #DonaldTrump $SOL
ARGENTINA’S CHIEF PROSECUTOR ORDERS $100M CRYPTO FREEZE IN LIBRA COIN SCANDAL - Argentina’s Chief Prosecutor, Eduardo Taiano, ordered the freezing of nearly $100 million in crypto linked to the sale of #LIBRA coins, Clarín reported. Key Developments: - LIBRA skyrocketed to a $4.5 billion market cap before collapsing last February raising allegations of a pump-and-dump scheme. - President Javier Milei promoted LIBRA on X, claiming it would support small businesses. He later deleted his tweet after the token crashed. - Milei now faces fraud charges, with authorities investigating the token’s financial records and deleted social media posts. - Before LIBRA’s crash, a small group of wallets holding most of the supply reportedly cashed out. Kelsier Ventures CEO Hayden Davis admitted to making $100M from the project, according to Decrypt. - Reports claim 40,000 investors were affected, but Milei disputes this, saying only 5,000 were involved. - Law enforcement, regulators, and international exchanges have been urged to cooperate in freezing funds. Milei’s Defense: - Milei insists he shared LIBRA in good faith, believing it could benefit Argentine entrepreneurs. - He dismissed the impact on local investors, saying: “Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most.” - However, this isn’t Milei’s first crypto controversy. In 2022, before becoming president, he was sued for promoting CoinX, a platform that falsely promised massive returns. $ Image: Cato Institute
ARGENTINA’S CHIEF PROSECUTOR ORDERS $100M CRYPTO FREEZE IN LIBRA COIN SCANDAL

- Argentina’s Chief Prosecutor, Eduardo Taiano, ordered the freezing of nearly $100 million in crypto linked to the sale of #LIBRA coins, Clarín reported.

Key Developments:

- LIBRA skyrocketed to a $4.5 billion market cap before collapsing last February raising allegations of a pump-and-dump scheme.

- President Javier Milei promoted LIBRA on X, claiming it would support small businesses. He later deleted his tweet after the token crashed.

- Milei now faces fraud charges, with authorities investigating the token’s financial records and deleted social media posts.

- Before LIBRA’s crash, a small group of wallets holding most of the supply reportedly cashed out. Kelsier Ventures CEO Hayden Davis admitted to making $100M from the project, according to Decrypt.

- Reports claim 40,000 investors were affected, but Milei disputes this, saying only 5,000 were involved.

- Law enforcement, regulators, and international exchanges have been urged to cooperate in freezing funds.

Milei’s Defense:

- Milei insists he shared LIBRA in good faith, believing it could benefit Argentine entrepreneurs.

- He dismissed the impact on local investors, saying:

“Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most.”

- However, this isn’t Milei’s first crypto controversy. In 2022, before becoming president, he was sued for promoting CoinX, a platform that falsely promised massive returns.
$

Image: Cato Institute
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number