$99 Million Withdrawn from LIBRA Token Amid Investigation
Blockchain researchers have reported that $99 million worth of LIBRA tokens were withdrawn from wallets linked to the token's creator. This follows Argentinian President Javier Milei’s endorsement of LIBRA, which led to a surge in its value before a sudden collapse.
The withdrawals have triggered a federal investigation into potential fraud, with eight wallets identified as holding large amounts of LIBRA. Critics accuse Milei of misleading the public, leading to calls for his impeachment.
The controversy highlights the risks of political involvement in cryptocurrencies and raises concerns about regulatory oversight in the crypto market.