Tag #Libra Scam

What were the immediate consequences of the "$Libra" cryptocurrency scam, and how significant were the financial losses?

A cryptocurrency scam, involving the promotion of "$Libra" by Argentine presidential candidate Javier Milei, resulted in significant financial losses for investors. The scam, which involved inflating the cryptocurrency's value before a rapid collapse, was facilitated by Mauricio Novelli, who charged sponsors tens of thousands of dollars for meetings with Milei. Investigations revealed multiple instances of this practice, causing substantial investor losses and reputational damage.