LibraGate
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#Libragate Milei Crypto Scam: First indicted appears before Argentine justice
Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president
Sergio Morales, former advisor to the National Securities Commission (CNV) and indicted in the case for the $LIBRA crypto scam, voluntarily appeared before the judiciary. His residence was raided last week, and he has now made himself available to prosecutor Eduardo Taiano in Comodoro Py.
The investigation seeks to clarify the events surrounding the creation and launch of the $LIBRA token, which experienced a rapid rise and volatile fluctuations in its value. Hundreds of Argentines went bankrupt following the promotions by President Javier Milei and his team.
Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president. Additionally, Morales shares with them the company City Entertainment.
The case investigates possible crimes of abuse of authority, fraud, influence peddling, and bribery. The main focus is on President Milei for his promotion of the $LIBRA token.
Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president
Sergio Morales, former advisor to the National Securities Commission (CNV) and indicted in the case for the $LIBRA crypto scam, voluntarily appeared before the judiciary. His residence was raided last week, and he has now made himself available to prosecutor Eduardo Taiano in Comodoro Py.
The investigation seeks to clarify the events surrounding the creation and launch of the $LIBRA token, which experienced a rapid rise and volatile fluctuations in its value. Hundreds of Argentines went bankrupt following the promotions by President Javier Milei and his team.
Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president. Additionally, Morales shares with them the company City Entertainment.
The case investigates possible crimes of abuse of authority, fraud, influence peddling, and bribery. The main focus is on President Milei for his promotion of the $LIBRA token.
$LIBRA Rug Pull saw $4.4 Billion Vanishing in Hours: Was this Crypto’s Biggest Scam Yet?
What Happened? It was over before it began $LIBRA, hyped by Argentina’s President Javier Milei as an economic game changer, soared to a $4.4 billion market cap in under five hours then crashed 90% as insiders cashed out $107 million. The crypto world was fuming: “Biggest rug pull ever,” fumes one investor, while another cries, “Solana’s trust is dead.”
Blockchain data shows snipers knew the drop three hours early, draining liquidity pools dry while 40,000+ investors got torched. Milei’s deleted tweet sparked a fraud probe, but the damage had been done, $314 million in losses and counting. Was it a scam from the start, or a president’s blunder? Crypto’s held its breath.
#LibraGate
What Happened? It was over before it began $LIBRA, hyped by Argentina’s President Javier Milei as an economic game changer, soared to a $4.4 billion market cap in under five hours then crashed 90% as insiders cashed out $107 million. The crypto world was fuming: “Biggest rug pull ever,” fumes one investor, while another cries, “Solana’s trust is dead.”
Blockchain data shows snipers knew the drop three hours early, draining liquidity pools dry while 40,000+ investors got torched. Milei’s deleted tweet sparked a fraud probe, but the damage had been done, $314 million in losses and counting. Was it a scam from the start, or a president’s blunder? Crypto’s held its breath.
#LibraGate
🚨 BREAKING: Explosive Allegations Shake the Crypto World! 🚨 Hayden Davis, a key co-creator of Libra, has dropped a bombshell claim: Trump insiders were allegedly given exclusive early access to purchase the token before its official launch! 💥🔥
In a jaw-dropping interview with investigative journalist Stephen Findeisen (aka Coffeezilla), Davis revealed that he received this intel from unnamed sources. He stated, "At a private dinner, they were offered special access to buy in at a staggering $500 million!" 🕵️♂️🍷
Davis, who also co-founded MELANIA, disclosed that this shady deal went down at a high-profile crypto event in Washington, D.C. 🏛️💼
What’s your take on this? 🤔 Are these allegations a glimpse into the shadowy side of crypto politics, or is there more to the story? Let’s dive into the debate! 💬👇
#CryptoScandal #LibraGate #TrumpInsiders #CoffeezillaExposed #BlockchainBombshell 🚀🔍
🇺🇸 Your thoughts? We’re all ears! 👂✨
$TRUMP
$BTC
$XRP
In a jaw-dropping interview with investigative journalist Stephen Findeisen (aka Coffeezilla), Davis revealed that he received this intel from unnamed sources. He stated, "At a private dinner, they were offered special access to buy in at a staggering $500 million!" 🕵️♂️🍷
Davis, who also co-founded MELANIA, disclosed that this shady deal went down at a high-profile crypto event in Washington, D.C. 🏛️💼
What’s your take on this? 🤔 Are these allegations a glimpse into the shadowy side of crypto politics, or is there more to the story? Let’s dive into the debate! 💬👇
#CryptoScandal #LibraGate #TrumpInsiders #CoffeezillaExposed #BlockchainBombshell 🚀🔍
🇺🇸 Your thoughts? We’re all ears! 👂✨
$TRUMP
$BTC
$XRP
It's not Solana’s fault! 😭Let's Talk About The $LIBRA Fiasco
Crypto’s favourite sport isn’t trading—it’s blaming. This week’s lucky contestant? Solana, because some opportunistic grifters launched a token called Libra, ran off with the cash, and apparently, that’s Solana’s fault. Sure. And if I get scammed on eBay, I guess I should sue the internet.
What Actually Happened?
A group of geniuses thought, “Hey, remember Meta’s failed Libra stablecoin? Let’s steal the name, launch a random token on Solana, and profit!” And profit they did—until they vanished, leaving a sea of very surprised bag-holders. The market, being the rational entity that it is, immediately declared Solana responsible.
Solana: Crypto’s Favourite Scapegoat
If there’s one thing Solana is better at than processing transactions, it’s taking the blame for things it didn’t do. Remember when FTX collapsed? Somehow, Solana ended up more cancelled than Sam Bankman-Fried (BBC). It’s like blaming a motorway for a car crash.
Meanwhile, in actual financial disasters, other exchanges are making Solana look like a risk-averse librarian:
Bybit Hack: $1.5 billion gone. Vanished. Poof (AP News).KuCoin Breach: $275 million politely removed by hackers (Nasdaq).Bitfinex Hack: 119,756 $BTC swiped before crypto theft was even cool (BBC).Binance Legal Woes: A $4 billion settlement with the U.S. government (U.S. Department of Justice).KuCoin Settlement: Nearly $300 million in fines for running an exchange like it’s a lemonade stand (Reuters).
But sure, let’s panic about a meme coin rug-pull on Solana.
Why Solana Still Outshines the Drama
Speed & Fees: Solana processes 65,000 transactions per second with an average fee of $0.00025, according to the Solana Foundation. That makes $ETH look like it’s powered by carrier pigeons.
Scalability: Unlike other chains that slow down under heavy traffic, Solana maintains high throughput due to its unique Proof-of-History mechanism (CoinDesk).
Developer Growth: The number of active developers building on Solana grew by over 50% in 2023, making it one of the fastest-growing ecosystems (Electric Capital).
Final Thought: Maybe Learn to DYOR?
If you thought Libra was backed by Meta, I have bad news about your decision-making skills. Nobody blames the Nasdaq when a penny stock tanks, but in crypto? The blockchain is always the villain.
The real problem isn’t Solana. It’s people YOLO-ing into every shiny new token like it’s a limited-edition NFT of common sense. Next time, try Googling before investing. It’s free. Unlike losing your money.
#LibraGate #SolanaStrong #Write2Earn #BroomieWrites
What Actually Happened?
A group of geniuses thought, “Hey, remember Meta’s failed Libra stablecoin? Let’s steal the name, launch a random token on Solana, and profit!” And profit they did—until they vanished, leaving a sea of very surprised bag-holders. The market, being the rational entity that it is, immediately declared Solana responsible.
Solana: Crypto’s Favourite Scapegoat
If there’s one thing Solana is better at than processing transactions, it’s taking the blame for things it didn’t do. Remember when FTX collapsed? Somehow, Solana ended up more cancelled than Sam Bankman-Fried (BBC). It’s like blaming a motorway for a car crash.
Meanwhile, in actual financial disasters, other exchanges are making Solana look like a risk-averse librarian:
Bybit Hack: $1.5 billion gone. Vanished. Poof (AP News).KuCoin Breach: $275 million politely removed by hackers (Nasdaq).Bitfinex Hack: 119,756 $BTC swiped before crypto theft was even cool (BBC).Binance Legal Woes: A $4 billion settlement with the U.S. government (U.S. Department of Justice).KuCoin Settlement: Nearly $300 million in fines for running an exchange like it’s a lemonade stand (Reuters).
But sure, let’s panic about a meme coin rug-pull on Solana.
Why Solana Still Outshines the Drama
Speed & Fees: Solana processes 65,000 transactions per second with an average fee of $0.00025, according to the Solana Foundation. That makes $ETH look like it’s powered by carrier pigeons.
Scalability: Unlike other chains that slow down under heavy traffic, Solana maintains high throughput due to its unique Proof-of-History mechanism (CoinDesk).
Developer Growth: The number of active developers building on Solana grew by over 50% in 2023, making it one of the fastest-growing ecosystems (Electric Capital).
Final Thought: Maybe Learn to DYOR?
If you thought Libra was backed by Meta, I have bad news about your decision-making skills. Nobody blames the Nasdaq when a penny stock tanks, but in crypto? The blockchain is always the villain.
The real problem isn’t Solana. It’s people YOLO-ing into every shiny new token like it’s a limited-edition NFT of common sense. Next time, try Googling before investing. It’s free. Unlike losing your money.
#LibraGate #SolanaStrong #Write2Earn #BroomieWrites
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Right after the launch, I said the obvious: the $TRUMP is a scam. Many insulted me, and there were even those who pointed to the $SOL as collateral... the guy really believed that this was collateral for some things! 😅😅😅😅
Then came the #LibraGate Argentina, also based on #solana , and everyone knows the end of the story.
Close to US$10, the currency of #TRUMP suffers a devaluation greater than the #altcoins . In the future recovery, which will come, the #memecoin🚀🚀🚀 will be the last to rise. The $BTC always recovers, and the day that stops being true, the memes will have already ended long before.
Then came the #LibraGate Argentina, also based on #solana , and everyone knows the end of the story.
Close to US$10, the currency of #TRUMP suffers a devaluation greater than the #altcoins . In the future recovery, which will come, the #memecoin🚀🚀🚀 will be the last to rise. The $BTC always recovers, and the day that stops being true, the memes will have already ended long before.
See original
Right after the launch, I stated the obvious: $TRUMP is a scam. Many insulted me, and some even pointed to the base in $SOL as a guarantee... the guy really believed that this was a guarantee of some things! 😅😅😅😅
Then came the #LibraGate Argentina, also based on #solana , and everyone knows the end of the story.
Close to US$10, the currency of #TRUMP suffers a depreciation greater than the #altcoins . In the future recovery, which will come, the #memecoin🚀🚀🚀 will be the last to rise. The $BTC always recovers, and the day that stops being true, the memes will have already ended long before.
Then came the #LibraGate Argentina, also based on #solana , and everyone knows the end of the story.
Close to US$10, the currency of #TRUMP suffers a depreciation greater than the #altcoins . In the future recovery, which will come, the #memecoin🚀🚀🚀 will be the last to rise. The $BTC always recovers, and the day that stops being true, the memes will have already ended long before.
Are Memecoins Dead, or Are They Preparing for a Big Comeback?
Memecoin Hype Faded After TRUMP Token Surge
After the January launch of the TRUMP memecoin, backed by Donald Trump, the memecoin market experienced massive growth. However, following the "Libragate" scandal, the trend slowed down significantly.
According to CoinGecko co-founder Bobby Ong, interest in memecoins has declined due to a series of failed launches and rug pulls that discouraged investors.
📌 Key reasons for the decline:
After the LIBRA rug pull, activity on token launch platforms like Pump.fun plummeted.Newly created memecoins dropped by over 90% compared to their February peak.Trading volume on Pump.fun decreased by 63% between January and February.
Ong commented on the situation:
"The launch of TRUMP and MELANIA memecoins marked the peak of the memecoin craze. They drained liquidity and attention from all other cryptocurrencies."
The Memecoin Market Lost Billions
📊 The numbers reveal a sharp decline in the memecoin market:
On December 5, the total memecoin market cap reached $124 billion.Today, it stands at only $54 billion, reflecting a more than 50% drop.
Ong believes that if memecoins still had room to grow, the LIBRA scandal was the final nail in the coffin.
LIBRA Scandal and Its Impact on Memecoins
The Libra (LIBRA) token, which was promoted by Argentine President Javier Milei, exposed the dark side of the memecoin market.
📌 What happened?
Insiders made $107 million in just a few hours.LIBRA lost 94% of its value, causing massive losses for investors.
Ong explained:
"LIBRA proved that memecoins are not fair launches—most are controlled by insiders who make money while others lose."
The Future of Memecoins: Some Will Survive Market Cycles
According to Ong, memecoins are a seasonal trend, but some will continue to survive through market cycles.
📌 Onchain analytics platform Santiment suggests that the crypto market is shifting toward a healthier cycle, with interest moving back to BTC, ETH, and Layer 1 altcoins.
Ong speculates that the market could become extremely centralized, where:
99.99% of memecoins will fail.Only a handful will rise to the top and remain successful.
🐕 Memecoins that have survived:
DOGE (Dogecoin)SHIB (Shiba Inu)BONK
Ong explains why these memecoins succeeded:
"The most successful memecoins are those that have built cult-like communities, where members are deeply passionate about the project. These communities organically create content and narratives that keep the tokens alive."
Are Memecoins Truly Dead, or Will They Rise Again?
📌 Current trends show that memecoins are experiencing a major decline. However, if new, innovative projects emerge with strong communities, memecoin mania could return.
🔍 Do you think memecoins have a future, or is their time over? 💭
#memecoins , #LibraGate , #TRUMP , #Melania , #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.“
After the January launch of the TRUMP memecoin, backed by Donald Trump, the memecoin market experienced massive growth. However, following the "Libragate" scandal, the trend slowed down significantly.
According to CoinGecko co-founder Bobby Ong, interest in memecoins has declined due to a series of failed launches and rug pulls that discouraged investors.
📌 Key reasons for the decline:
After the LIBRA rug pull, activity on token launch platforms like Pump.fun plummeted.Newly created memecoins dropped by over 90% compared to their February peak.Trading volume on Pump.fun decreased by 63% between January and February.
Ong commented on the situation:
"The launch of TRUMP and MELANIA memecoins marked the peak of the memecoin craze. They drained liquidity and attention from all other cryptocurrencies."
The Memecoin Market Lost Billions
📊 The numbers reveal a sharp decline in the memecoin market:
On December 5, the total memecoin market cap reached $124 billion.Today, it stands at only $54 billion, reflecting a more than 50% drop.
Ong believes that if memecoins still had room to grow, the LIBRA scandal was the final nail in the coffin.
LIBRA Scandal and Its Impact on Memecoins
The Libra (LIBRA) token, which was promoted by Argentine President Javier Milei, exposed the dark side of the memecoin market.
📌 What happened?
Insiders made $107 million in just a few hours.LIBRA lost 94% of its value, causing massive losses for investors.
Ong explained:
"LIBRA proved that memecoins are not fair launches—most are controlled by insiders who make money while others lose."
The Future of Memecoins: Some Will Survive Market Cycles
According to Ong, memecoins are a seasonal trend, but some will continue to survive through market cycles.
📌 Onchain analytics platform Santiment suggests that the crypto market is shifting toward a healthier cycle, with interest moving back to BTC, ETH, and Layer 1 altcoins.
Ong speculates that the market could become extremely centralized, where:
99.99% of memecoins will fail.Only a handful will rise to the top and remain successful.
🐕 Memecoins that have survived:
DOGE (Dogecoin)SHIB (Shiba Inu)BONK
Ong explains why these memecoins succeeded:
"The most successful memecoins are those that have built cult-like communities, where members are deeply passionate about the project. These communities organically create content and narratives that keep the tokens alive."
Are Memecoins Truly Dead, or Will They Rise Again?
📌 Current trends show that memecoins are experiencing a major decline. However, if new, innovative projects emerge with strong communities, memecoin mania could return.
🔍 Do you think memecoins have a future, or is their time over? 💭
#memecoins , #LibraGate , #TRUMP , #Melania , #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.“
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