Cohen expressed X his disgust at the exploitation seen in the LIBRA case and said the story benefited some at the expense of ordinary investors. I am disgusted by the events of the past few days surrounding
LIBRA, he wrote, adding that he hopes the perpetrators get the justice they deserve. He added that he hoped the perpetrators would get the justice they deserve.
He argued that the creation of #meme coins should be decentralized, automated and free from the control of development teams and market makers to ensure a level playing field for all participants. According to him, the presence of such intermediaries only allows people to be taken advantage of.
Cohen also noted that the LIBRA case exposed serious flaws in the #cryptocurrency sector and showed how easily unscrupulous players can manipulate the market and exploit retail investors. He also urged anyone with inside information about fraudulent activities related to cryptocurrency startups to report them or send direct messages to his X account. Co-founder
Pump. fun called out Javier Millay, president of LIBRA, for In an #interview with Todo Noticias, the 54-year-old president said he was simply helping spread the word about the coin and was acting in good faith.
Miley's Valentine's Day post on X on Valentine's Day Miley's post on X seemed to support the project and boosted LIBRA's market value to more than $4 billion. However, after subsequent publicity, insiders allegedly profited from the popularity of the meme coin, embezzling more than $100 million and destroying 94% of its value.
However, Presidio said that the reports that caused the hype were a misunderstanding and the government has no official involvement with the #token . Despite the denials, Argentine lawyers filed a complaint with the U. S. Department of Justice and the FBI, demanding that Miley be investigated for fraud.
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