😰 The Aftermath of the $4.4B Crypto Scam

The $LIBRA token saga isn’t over – investigations are gaining momentum, and new details are emerging.

❗️ It’s not just Argentina’s president, Javier Milei, who’s involved. Crypto companies, insiders, and influencers knew about the token launch in advance.

What’s been uncovered? 🔍

✔️ Who launched the token?
The project was introduced by KIP Protocol, a company that claimed $LIBRA was designed to support Argentina’s economy. Milei was reportedly told this was a “national token” meant to attract investment into the country.

✔️ How did $LIBRA skyrocket and then crash?
After Milei’s tweet, the token’s market cap surged to $4.56B in just 40 minutes. But within 1.5 hours, major holders began dumping their tokens, causing an 80% price crash.

✔️ Who was behind it?
One key player is Kelsier Ventures’ CEO, who has already admitted to fraud involving ~ $100M. Now, he’s proposing a buyback of the token, supposedly to “fix” the situation. In reality, this looks like an attempt to pump the price again and profit from new investors.

✔️ Influencers and private groups knew in advance
Some crypto influencers and traders were offered millions of dollars worth of free tokens to promote $LIBRA. Now, many are trying to distance themselves from the scandal.

✔️ This wasn’t their first scam
Analysts have found links between the same people and other memecoins, including $MELANIA and $M3M3. This could be part of a much larger scam operation.

⚠️ Legal Fallout:

➖ President Milei has ordered an investigation, claiming he had no knowledge of the project’s details. But his involvement is now under scrutiny.

➖ Argentinian lawyers have filed lawsuits, not just against the project’s developers but also against Milei himself.

➖ CZ (ex-Binance CEO) is donating $100,000 in BNB to help victims of the scam. But compared to the $4.4B lost, it’s just a drop in the ocean.

💡 It looks like the “celebrity token” trend is coming to an end. Too many people have been burned by these kinds of launches, and the market is becoming more skeptical of hyped-up tokens tied to public figures

❗️ $LIBRA isn’t just another rug pull. It’s the biggest political crypto scam in history – and it could shake up the market.

💬 What do you think? Was Milei truly unaware, or was this all planned?

#Crypto #LIBRA #CryptoNews #CryptoMarket #CZ