! ! ! CRYPTO WORLD NEWS #3 ! ! !

MAY 3, 2025

🇦🇷 Argentina's $LIBRA Crypto Scandal

Argentina's $LIBRA cryptocurrency project, promoted by President Javier Milei, has led to a political scandal dubbed "Cryptogate." The price of the meme coin spiked following Milei's promotion but then suffered a severe price drop, leading to allegations of a rug pull scam and $250 million in losses for investors. Over 100 criminal complaints alleging fraud were filed against Milei, and international law firms are preparing class action lawsuits on behalf of foreign investors .