A major crypto scandal has erupted in Argentina. Around $99 million worth of cryptocurrency was withdrawn from the liquidity pool of the Libra token ($LIBRA), raising concerns about insider involvement. Blockchain analytics firms Chainalysis and Nansen traced the withdrawals to wallets linked to the token’s creator. Chainalysis reported that eight
Ethereum co-founder Vitalik Buterin has publicly expressed his support for Argentina’s crypto ecosystem by proposing that the country host Devconnect, a major Ethereum developer summit. Butterin’s support comes amidst recent news surrounding the LIBRA token, which experienced a rapid collapse and political controversy. In a post on X (formerly Twitter),
LIBRA launched on February 14, 2025, after Argentina’s President Javier Milei endorsed it on X. The token was framed as an instrument for economic support in Argentina. Thousands of traders immediately responded to LIBRA’s launch by participating when it reached a $4.5 billion market cap. The rapid sell-off activity from
The Libra token controversy took a new turn when Argentine media revealed a shocking fact about this case. According to the report, Libra co-creator Hayden Davis boasted about being able to pay Argentine President Javier Milei’s sister for promoting a $LIBRA meme coin on their X account. In the text
Argentina’s President Javier Milei has denied promoting the controversial LIBRA token, which collapsed after a brief surge. He claims he only shared information about it. His comments come as fraud lawsuits and an official probe into the incident gain momentum. On February 17, Milei told Todo Noticias, “I did not
Argentine President Javier Milei is facing criminal fraud charges after promoting the LIBRA token on social media. The cryptocurrency surged to a $4.5 billion valuation before crashing, leading to significant investor losses. Lawyers filed the charges in a criminal court on Sunday. They argue that Milei’s promotion of LIBRA was
