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Mystery Surrounding Libra: Argentina Fails to Track Down Key Figure Linked to Controversial Memecoin
The saga of Libra, a memecoin promoted by Argentine President Javier Milei, is becoming increasingly dramatic. Authorities have failed to locate one of the central figures behind the project’s launch — a man known as Julian Peh, CEO of KIP Protocol.
Fruitless Search by Interpol and Immigration Authorities
According to local media, Singapore’s Interpol responded to a request from Argentine investigators stating that, based on the information provided, there are no records of a person named Julian Peh. Argentine immigration authorities also reported no record of his entry into the country under the passport number given to officials.
Peh, who attended the Tech Forum in 2024 and met with President Milei, may have used the Chinese name Bai Qihao to mislead authorities, investigators suggest. However, government records indicate that on October 19, a person under the name Julian Peh met with President Milei to discuss how KIP’s decentralized AI technology could “support Argentina.”
A Figure with Significant Connections
According to his website, Peh is described as a “visionary entrepreneur and technology leader at the intersection of AI and Web3,” with ties to the Latin American crypto space. His company, KIP Protocol, is said to be developing key infrastructure and communication channels for artificial intelligence developers.
Peh’s name has appeared since February in an investigation by the U.S. Department of Justice (DOJ), which is examining the role President Milei may have played in launching Libra. Other names mentioned in DOJ documents include Hayden Adams of Kelsier Ventures, Mauricio Novelli, and Manuel Terrones Godoy.
Frozen Millions and Fraud Allegations
Peh is also listed in a temporary restraining order issued in May, which froze nearly $58 million in USDC linked to the Libra case. A complaint filed by Omar Hurlock, represented by Burwick Law, alleges that Libra’s promoters engaged in “deceptive marketing and consumer protection violations,” allegedly causing harm to investors.
The entire case remains shrouded in uncertainty — and the key figure who could shed light on what truly happened is still missing.
#libra , #argentina , #memecoin , #CryptoScandal , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Fruitless Search by Interpol and Immigration Authorities
According to local media, Singapore’s Interpol responded to a request from Argentine investigators stating that, based on the information provided, there are no records of a person named Julian Peh. Argentine immigration authorities also reported no record of his entry into the country under the passport number given to officials.
Peh, who attended the Tech Forum in 2024 and met with President Milei, may have used the Chinese name Bai Qihao to mislead authorities, investigators suggest. However, government records indicate that on October 19, a person under the name Julian Peh met with President Milei to discuss how KIP’s decentralized AI technology could “support Argentina.”
A Figure with Significant Connections
According to his website, Peh is described as a “visionary entrepreneur and technology leader at the intersection of AI and Web3,” with ties to the Latin American crypto space. His company, KIP Protocol, is said to be developing key infrastructure and communication channels for artificial intelligence developers.
Peh’s name has appeared since February in an investigation by the U.S. Department of Justice (DOJ), which is examining the role President Milei may have played in launching Libra. Other names mentioned in DOJ documents include Hayden Adams of Kelsier Ventures, Mauricio Novelli, and Manuel Terrones Godoy.
Frozen Millions and Fraud Allegations
Peh is also listed in a temporary restraining order issued in May, which froze nearly $58 million in USDC linked to the Libra case. A complaint filed by Omar Hurlock, represented by Burwick Law, alleges that Libra’s promoters engaged in “deceptive marketing and consumer protection violations,” allegedly causing harm to investors.
The entire case remains shrouded in uncertainty — and the key figure who could shed light on what truly happened is still missing.
#libra , #argentina , #memecoin , #CryptoScandal , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 $280M Crypto Scandal: Argentina’s President Under Fire Over Meme Coin Meltdown 🇦🇷
In February 2025, Argentine President Javier Milei publicly endorsed LIBRA, a new meme coin, calling it “a tool for economic freedom.”
🚀 The coin soared as retail investors rushed in.
💥 Days later, it crashed 90%, wiping out $280M+ in value.
📉 Trust in local exchanges collapsed.
Now, Milei is facing:
100+ criminal complaints in Argentina ⚖️
A federal investigation into market manipulation 🔍
A U.S. class-action lawsuit accusing him of misleading promotion 💼
Calls for impeachment by opposition leaders 🧨
“I believed in the project. I never profited from it.” - Milei.
But critics say this was a "state-backed pump and dump."
As chaos unfolds, Bitcoin adoption is rising, while altcoins and meme tokens face major skepticism in Latin America.
Is this a turning point for responsible crypto leadership?
🧠 Lessons:
Public figures shilling unregulated coins = dangerous.
Decentralization ≠ immunity from accountability.
Trust is everything in crypto.
#CryptoNews #Argentina #libra
In February 2025, Argentine President Javier Milei publicly endorsed LIBRA, a new meme coin, calling it “a tool for economic freedom.”
🚀 The coin soared as retail investors rushed in.
💥 Days later, it crashed 90%, wiping out $280M+ in value.
📉 Trust in local exchanges collapsed.
Now, Milei is facing:
100+ criminal complaints in Argentina ⚖️
A federal investigation into market manipulation 🔍
A U.S. class-action lawsuit accusing him of misleading promotion 💼
Calls for impeachment by opposition leaders 🧨
“I believed in the project. I never profited from it.” - Milei.
But critics say this was a "state-backed pump and dump."
As chaos unfolds, Bitcoin adoption is rising, while altcoins and meme tokens face major skepticism in Latin America.
Is this a turning point for responsible crypto leadership?
🧠 Lessons:
Public figures shilling unregulated coins = dangerous.
Decentralization ≠ immunity from accountability.
Trust is everything in crypto.
#CryptoNews #Argentina #libra
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About 3.7 million #BTC remained idle for 10 years, that is, they can be considered lost. But maybe the addresses and passwords of wallets are still stored on old laptops and PCs?
Why buy a landfill? Buy outdated devices for next to nothing and look for traces of cryptocurrency on them using special software!
This does not require large investments, old hardware can then be sold or restored, and the work itself is somewhat reminiscent of gold mining with washing river sand.
A legal business that can be run in parallel with the main job, does not require extra effort, and even with the possibility of winning the jackpot.
In short, instead of chasing memecoins and buying #libra or #PEPE or waiting for the price of #TRUMP to recover - think about what I wrote. It's better than getting into futures without trading experience, losing your last.
I won't do this, because I've spent many years trading. But for those who have just come to cryptocurrency, this is a good alternative to becoming the second Satoshi Nakamoto.
If any of you take this idea into service and find a hundred bitcoins on an old Pentium, I'll be glad.Thank you.
Why buy a landfill? Buy outdated devices for next to nothing and look for traces of cryptocurrency on them using special software!
This does not require large investments, old hardware can then be sold or restored, and the work itself is somewhat reminiscent of gold mining with washing river sand.
A legal business that can be run in parallel with the main job, does not require extra effort, and even with the possibility of winning the jackpot.
In short, instead of chasing memecoins and buying #libra or #PEPE or waiting for the price of #TRUMP to recover - think about what I wrote. It's better than getting into futures without trading experience, losing your last.
I won't do this, because I've spent many years trading. But for those who have just come to cryptocurrency, this is a good alternative to becoming the second Satoshi Nakamoto.
If any of you take this idea into service and find a hundred bitcoins on an old Pentium, I'll be glad.Thank you.
See original
Argentina Faces LIBRA Scandal: Prosecutor Requests Freezing of 100 Million USD in Cryptocurrency
In Argentina, the scandal surrounding the meme token LIBRA is attracting attention as prosecutor Eduardo Taiano requests the freezing of 100 million USD in cryptocurrency assets related to this project. This request comes along with the recovery of deleted social media posts, including a post by President Javier Milei promoting LIBRA on platform X (formerly Twitter).
LIBRA – From Market Frenzy to a Questionable Collapse
LIBRA – From Market Frenzy to a Questionable Collapse
See original
💥💥💥Libra Case: request for the arrest and extradition of Hayden Davis to Argentina The request was presented by lawyer Gregorio Dalbón, who also asked for the issuance of a red alert from Interpol.
Dalbón warns that Davis could take measures to escape justice. The implicated played a key role in the creation of the Libra token, promoted by Milei.
Several weeks after the disastrous launch of the Libra token, lawyer Gregorio Dalbón fears that Hayden Davis, a key figure in the creation of the project, will attempt to flee his country of residence and go underground. Therefore, he has submitted a request to prosecutor Eduardo Taiano for an international arrest order and to activate a red alert from Interpol.
Dalbón bases his request on the considerable losses suffered by investors and the wide international repercussions of the case. According to local media reports, in his writing, he states: "Given the magnitude of the scandal and the substantial losses incurred by investors, it is evident that there is a procedural risk posed by Hayden Mark Davis remaining at liberty. His central role in the creation and promotion of the cryptocurrency Libra, along with the global impact of the case, increases the likelihood that he will take measures to evade justice."
This is not the first complaint against those involved in the Libra case from the U.S. In mid-February, the law firm Moyano y Asociados, based in Pennsylvania, filed a lawsuit alleging that both Argentine and American citizens were victims of a fraud involving Javier Milei and Hayden Mark Davis. In the document, signed by the managing partner of the firm, Mariano Adalberto Moyano Rodríguez, a wealth investigation of several of those involved is requested, including Julián Peh, Mauricio Novelli, Terrones Godoy, and Davis himself.
#Milei #libra
Dalbón warns that Davis could take measures to escape justice. The implicated played a key role in the creation of the Libra token, promoted by Milei.
Several weeks after the disastrous launch of the Libra token, lawyer Gregorio Dalbón fears that Hayden Davis, a key figure in the creation of the project, will attempt to flee his country of residence and go underground. Therefore, he has submitted a request to prosecutor Eduardo Taiano for an international arrest order and to activate a red alert from Interpol.
Dalbón bases his request on the considerable losses suffered by investors and the wide international repercussions of the case. According to local media reports, in his writing, he states: "Given the magnitude of the scandal and the substantial losses incurred by investors, it is evident that there is a procedural risk posed by Hayden Mark Davis remaining at liberty. His central role in the creation and promotion of the cryptocurrency Libra, along with the global impact of the case, increases the likelihood that he will take measures to evade justice."
This is not the first complaint against those involved in the Libra case from the U.S. In mid-February, the law firm Moyano y Asociados, based in Pennsylvania, filed a lawsuit alleging that both Argentine and American citizens were victims of a fraud involving Javier Milei and Hayden Mark Davis. In the document, signed by the managing partner of the firm, Mariano Adalberto Moyano Rodríguez, a wealth investigation of several of those involved is requested, including Julián Peh, Mauricio Novelli, Terrones Godoy, and Davis himself.
#Milei #libra
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.
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
#LIBRA
🍒While we were sleeping, another global scam happened
Argentine President Javier Miley announced the launch of the LIBRA token in X. The project was immediately suspected of being a scam.❌
Insider traders immediately appeared, buying the token in the first seconds and earning millions of dollars. The team behind LIBRA dumped the tokens and withdrew about $87.4 million.
Soon, the president deleted the tweet and published a new one with excuses. It turns out that he was not aware of all the details and blamed the opposition for everything.🤷♂️
In the morning, LIBRA peaked at $4.5 billion FDV, now $150 million.
Congratulations, if you slept through the loud launch of the president's meme coin again, this time it was justified 😂
— fucking wild west
🍒While we were sleeping, another global scam happened
Argentine President Javier Miley announced the launch of the LIBRA token in X. The project was immediately suspected of being a scam.❌
Insider traders immediately appeared, buying the token in the first seconds and earning millions of dollars. The team behind LIBRA dumped the tokens and withdrew about $87.4 million.
Soon, the president deleted the tweet and published a new one with excuses. It turns out that he was not aware of all the details and blamed the opposition for everything.🤷♂️
In the morning, LIBRA peaked at $4.5 billion FDV, now $150 million.
Congratulations, if you slept through the loud launch of the president's meme coin again, this time it was justified 😂
— fucking wild west
Are MELANIA and LIBRA Organized by the Same Shadow Group? 😱
The crypto world is reeling from a bombshell report by blockchain analytics firm Bubblemaps, alleging that meme coins MELANIA and LIBRA are linked in a coordinated “pump and dump” scheme. The investigation uncovered cross-chain transactions connecting the two tokens, with shared wallet addresses suggesting insider manipulation.
A key player is wallet 0xcEA…, tied to MELANIA’s team, which funded DEfcyK…, the creator of LIBRA. This wallet reportedly made $2.4M through sniper trades on MELANIA’s launch, then replicated the strategy with LIBRA, amassing $6M. Both tokens saw identical trade patterns, including synchronized price pumps and dumps.
Bubblemaps also linked DEfcyK… to an $87M transaction, a hallmark of pump-and-dump schemes. The same group allegedly launched multiple tokens with similar short-lived spikes before abandoning them. Cross-chain tools like CCTP, while legitimate, were used to obscure fraudulent activity.
This scandal highlights the risks of anonymous meme coin projects and the urgent need for transparency. Analysts warn investors to scrutinize wallet histories and trading patterns. As the crypto community demands accountability, this case is a stark reminder: if a deal seems too good to be true, it probably is.
#MELENIA #libra #Bubblemaps $TRUMP
The crypto world is reeling from a bombshell report by blockchain analytics firm Bubblemaps, alleging that meme coins MELANIA and LIBRA are linked in a coordinated “pump and dump” scheme. The investigation uncovered cross-chain transactions connecting the two tokens, with shared wallet addresses suggesting insider manipulation.
A key player is wallet 0xcEA…, tied to MELANIA’s team, which funded DEfcyK…, the creator of LIBRA. This wallet reportedly made $2.4M through sniper trades on MELANIA’s launch, then replicated the strategy with LIBRA, amassing $6M. Both tokens saw identical trade patterns, including synchronized price pumps and dumps.
Bubblemaps also linked DEfcyK… to an $87M transaction, a hallmark of pump-and-dump schemes. The same group allegedly launched multiple tokens with similar short-lived spikes before abandoning them. Cross-chain tools like CCTP, while legitimate, were used to obscure fraudulent activity.
This scandal highlights the risks of anonymous meme coin projects and the urgent need for transparency. Analysts warn investors to scrutinize wallet histories and trading patterns. As the crypto community demands accountability, this case is a stark reminder: if a deal seems too good to be true, it probably is.
#MELENIA #libra #Bubblemaps $TRUMP
🔥 Libra Coin: A Political Memecoin Disaster 🔥
Argentina’s President Javier Milei sent the LIBRA memecoin on $SOL soaring to a $4.5B market cap with just one tweet.
Then, just as fast, the token crashed by 90%, and insiders withdrew $107M! Milei deleted his tweet and distanced himself from the project, claiming he had no knowledge of its inner workings. Despite his denial, the damage was done.
This is yet another reminder that celebrity-endorsed memecoins are a dangerous game. Just because a public figure promotes a crypto project doesn’t make it legitimate.
#libra #argentina
Argentina’s President Javier Milei sent the LIBRA memecoin on $SOL soaring to a $4.5B market cap with just one tweet.
Then, just as fast, the token crashed by 90%, and insiders withdrew $107M! Milei deleted his tweet and distanced himself from the project, claiming he had no knowledge of its inner workings. Despite his denial, the damage was done.
This is yet another reminder that celebrity-endorsed memecoins are a dangerous game. Just because a public figure promotes a crypto project doesn’t make it legitimate.
#libra #argentina
See original
Argentine Officials Claim They Are Not Intervening in $ LIBRA Crypto Controversy
Argentine officials have said they lack the power to meddle in the continuing $ LIBRA affair, which generated a lot of debate when President Javier Milei became involved. Authorities claim that sales and marketing of the $LIBRA token are beyond their purview.
The National Securities Commission (CNV) of Argentina has underlined that present rules do not address situations like the advertising of digital assets on distributed platforms. Regarding $ LIBRA, the problem started when the token was sold on the unregistered Solana blockchain after being promoted on social media without any registered middlemen in Argentina.
Local media sources claim that the present legal system leaves authorities without basis to intervene as it just does not cover the advertising of tokens on distributed networks.
Long pushing for more control in the crypto sector, the CNV particularly targets Virtual Asset Providers (PSAV). Though the government is advocating more stringent regulations, it has not intervened with the $ LIBRA issue. Industry sources claim that when $LIBRA first started off, it wasn't accessible on regular wallets like Lemon, registered as PSAVs in Argentina. Rather, it was only accessible on distributed exchanges (DEXs) and wallets running the Solana blockchain.
Regulators in the $LIBRA case have not acted immediately as activities utilizing distributed platforms usually demand for a high degree of technical competence. But the debate has shown a notable discrepancy in laws pertaining to the encouragement of cryptocurrency on distributed systems. This has sparked questions over the effects of such unchecked behavior on the local market of Argentina.
Regarding the legislative framework, the CNV has been working for about a year to create a PSAV registry to help to better coordinate Argentina's crypto scene. Over 120 businesses have so already registered on the list, indicating progress toward a more established and ordered industry.
#libra #FTXrepayment #SOLPriceWatch
Argentine officials have said they lack the power to meddle in the continuing $ LIBRA affair, which generated a lot of debate when President Javier Milei became involved. Authorities claim that sales and marketing of the $LIBRA token are beyond their purview.
The National Securities Commission (CNV) of Argentina has underlined that present rules do not address situations like the advertising of digital assets on distributed platforms. Regarding $ LIBRA, the problem started when the token was sold on the unregistered Solana blockchain after being promoted on social media without any registered middlemen in Argentina.
Local media sources claim that the present legal system leaves authorities without basis to intervene as it just does not cover the advertising of tokens on distributed networks.
Long pushing for more control in the crypto sector, the CNV particularly targets Virtual Asset Providers (PSAV). Though the government is advocating more stringent regulations, it has not intervened with the $ LIBRA issue. Industry sources claim that when $LIBRA first started off, it wasn't accessible on regular wallets like Lemon, registered as PSAVs in Argentina. Rather, it was only accessible on distributed exchanges (DEXs) and wallets running the Solana blockchain.
Regulators in the $LIBRA case have not acted immediately as activities utilizing distributed platforms usually demand for a high degree of technical competence. But the debate has shown a notable discrepancy in laws pertaining to the encouragement of cryptocurrency on distributed systems. This has sparked questions over the effects of such unchecked behavior on the local market of Argentina.
Regarding the legislative framework, the CNV has been working for about a year to create a PSAV registry to help to better coordinate Argentina's crypto scene. Over 120 businesses have so already registered on the list, indicating progress toward a more established and ordered industry.
#libra #FTXrepayment #SOLPriceWatch
🚨📢
"Good news for my followers. Tomorrow I will launch my own memecoin.
You will not get rugged any more by shit country shit coins.
You can cover all your losses tomorrow by investing in a memecoin that will be backed by me.
$100M MC will be our first target in 72 hours."
These are not my words but many influencers are going to do this soon.
After $TRUMP , #libra & #car many influencers will do this and will scam with their followers.
Always recommend to stay away from them and look for solid projects that have real use case.
Stay away stay safe 🙏.
"Good news for my followers. Tomorrow I will launch my own memecoin.
You will not get rugged any more by shit country shit coins.
You can cover all your losses tomorrow by investing in a memecoin that will be backed by me.
$100M MC will be our first target in 72 hours."
These are not my words but many influencers are going to do this soon.
After $TRUMP , #libra & #car many influencers will do this and will scam with their followers.
Always recommend to stay away from them and look for solid projects that have real use case.
Stay away stay safe 🙏.
🚨 BREAKING 🚨
Hayden Davis, CEO of Kelsier Ventures, testifies in the ongoing LIBRA coin legal battle in New York.
Davis insists on his innocence amid claims from U.S. investors who lost funds after LIBRA's rise & collapse.
Stay tuned for updates on this unfolding case. 📉👨⚖️
#LIBRA #HaydenDavis #Crypto #Blockchain #LegalNews $WCT
Hayden Davis, CEO of Kelsier Ventures, testifies in the ongoing LIBRA coin legal battle in New York.
Davis insists on his innocence amid claims from U.S. investors who lost funds after LIBRA's rise & collapse.
Stay tuned for updates on this unfolding case. 📉👨⚖️
#LIBRA #HaydenDavis #Crypto #Blockchain #LegalNews $WCT
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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
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
🎉#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
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
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, 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
Libra/USDT: A Deep Dive into the #Libra Narrative
The crypto world is buzzing again with discussions about Libra, but is it the same Facebook-backed project from 2019? Not quite. Let’s break down the Libra/USDT pair, its relevance, and what it could mean for traders and investors.
🔍 What is Libra?
Libra was initially a stablecoin project led by Facebook (now Meta), designed to be a global digital currency. However, regulatory challenges forced it to rebrand as Diem, which was eventually abandoned. But why is the term “Libra” resurfacing now?
✔ Possible Explanations:
✅ A new project adopting the "Libra" name for branding
✅ A decentralized token gaining traction under the same name
✅ A speculative movement based on past hype
Regardless of its origins, the Libra/USDT trading pair suggests renewed interest in a token named "Libra", possibly on a decentralized exchange (DEX) or a lesser-known exchange.
📊 Libra/USDT Market Analysis
If a Libra token exists and is actively trading against USDT, analyzing its liquidity, trading volume, and market sentiment is crucial.
✔ Key Factors to Consider:
✅ Exchange Listings: Is it on major exchanges or only on DEXs?
✅ Liquidity & Volume: Low liquidity could indicate a risky investment.
✅ Use Case & Roadmap: Is it a legitimate project or a meme revival?
With past failed attempts at launching a global stablecoin under the Libra name, any new iteration would need to prove its utility and regulatory compliance.
⚖️ Is Libra the Next Big Crypto Narrative?
The crypto market thrives on hype, branding, and community engagement. If a new Libra token gains momentum, it could follow the trajectory of meme-driven assets like PEPE, DOGE, or SHIB. However, without solid fundamentals, it could also fade quickly.
✔ Potential Scenarios:
✅ If backed by a strong team, it could develop into a stable DeFi asset.
✅ If purely speculative, it may experience short-term pumps and dumps.
✅ If linked to Meta’s blockchain ambitions, it could gain real utility.
📌 Final Thoughts
Libra/USDT is an interesting pair, but before investing, traders should research the project, verify liquidity, and assess risks. The crypto space has seen many revivals of old names—some successful, others short-lived.
🔹 Will the new Libra token be a game-changer, or is it just another market trend? Share your thoughts below!
#Libra #crypto #DeFi #USDT #Stablecoins #Altcoins
#BNBRiseContinues #CZBroccoliMeme $BTC #ETH $BNB
🔍 What is Libra?
Libra was initially a stablecoin project led by Facebook (now Meta), designed to be a global digital currency. However, regulatory challenges forced it to rebrand as Diem, which was eventually abandoned. But why is the term “Libra” resurfacing now?
✔ Possible Explanations:
✅ A new project adopting the "Libra" name for branding
✅ A decentralized token gaining traction under the same name
✅ A speculative movement based on past hype
Regardless of its origins, the Libra/USDT trading pair suggests renewed interest in a token named "Libra", possibly on a decentralized exchange (DEX) or a lesser-known exchange.
📊 Libra/USDT Market Analysis
If a Libra token exists and is actively trading against USDT, analyzing its liquidity, trading volume, and market sentiment is crucial.
✔ Key Factors to Consider:
✅ Exchange Listings: Is it on major exchanges or only on DEXs?
✅ Liquidity & Volume: Low liquidity could indicate a risky investment.
✅ Use Case & Roadmap: Is it a legitimate project or a meme revival?
With past failed attempts at launching a global stablecoin under the Libra name, any new iteration would need to prove its utility and regulatory compliance.
⚖️ Is Libra the Next Big Crypto Narrative?
The crypto market thrives on hype, branding, and community engagement. If a new Libra token gains momentum, it could follow the trajectory of meme-driven assets like PEPE, DOGE, or SHIB. However, without solid fundamentals, it could also fade quickly.
✔ Potential Scenarios:
✅ If backed by a strong team, it could develop into a stable DeFi asset.
✅ If purely speculative, it may experience short-term pumps and dumps.
✅ If linked to Meta’s blockchain ambitions, it could gain real utility.
📌 Final Thoughts
Libra/USDT is an interesting pair, but before investing, traders should research the project, verify liquidity, and assess risks. The crypto space has seen many revivals of old names—some successful, others short-lived.
🔹 Will the new Libra token be a game-changer, or is it just another market trend? Share your thoughts below!
#Libra #crypto #DeFi #USDT #Stablecoins #Altcoins
#BNBRiseContinues #CZBroccoliMeme $BTC #ETH $BNB
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
$BNB
#libra
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