Tag #Libra

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elpais.com

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Aug 8, 22:18

Milei's $Libra Involvement: Corruption or Incompetence?

Former Argentinian Foreign Minister Diana Mondino questioned President Javier Milei's intelligence or integrity regarding his promotion of the $Libra cryptocurrency, which subsequently collapsed causing over $200 million in losses, prompting investigations in the US and Argentina.

Milei's $Libra Involvement: Corruption or Incompetence?

Former Argentinian Foreign Minister Diana Mondino questioned President Javier Milei's intelligence or integrity regarding his promotion of the $Libra cryptocurrency, which subsequently collapsed causing over $200 million in losses, prompting investigations in the US and Argentina.

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What are the immediate consequences of President Milei's alleged involvement in the $Libra cryptocurrency scam?

Former Argentinian Foreign Minister Diana Mondino stated that President Javier Milei's involvement in the alleged $Libra cryptocurrency scam indicates either a lack of intelligence or corruption. Following the cryptocurrency's collapse, investors suffered significant losses exceeding $200 million. Mondino acknowledged Milei's error in promoting $Libra but attributed it to misinformation.

elpais.com

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Feb 23, 01:07

Argentine President Investigated in Cryptocurrency Scam

Argentine President Javier Milei is under investigation for his alleged involvement in a cryptocurrency scam, "$Libra", which he promoted on social media, causing significant financial losses for many investors after its value plummeted; the scandal has damaged his credibility but he retains conside...

Argentine President Investigated in Cryptocurrency Scam

Argentine President Javier Milei is under investigation for his alleged involvement in a cryptocurrency scam, "$Libra", which he promoted on social media, causing significant financial losses for many investors after its value plummeted; the scandal has damaged his credibility but he retains conside...

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What are the specific charges against Argentine President Javier Milei related to the "$Libra" cryptocurrency, and what evidence is being gathered by authorities?

Argentine President Javier Milei is under investigation for his alleged role in a cryptocurrency scam involving "$Libra", which he promoted on social media. The cryptocurrency's value surged and then crashed, resulting in significant losses for many investors. A fiscal has initiated an investigation, seeking information from financial institutions and cybersecurity experts.

cincodias.elpais.com

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Feb 20, 10:08

Solana's "Libra" Scandal: Memecoin Risks and Reputational Damage

The collapse of the "Libra" memecoin on the Solana blockchain caused significant investor losses and a 15% drop in Solana's token price, highlighting the risks associated with the platform's memecoin-heavy ecosystem and prompting the resignation of a Meteora co-founder.

Solana's "Libra" Scandal: Memecoin Risks and Reputational Damage

The collapse of the "Libra" memecoin on the Solana blockchain caused significant investor losses and a 15% drop in Solana's token price, highlighting the risks associated with the platform's memecoin-heavy ecosystem and prompting the resignation of a Meteora co-founder.

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What are the immediate consequences of the "Libra" cryptocurrency scandal on Solana and its token value?

The collapse of the Argentinian president Javier Milei's promoted cryptocurrency, "Libra", resulted in significant investor losses and damaged the reputation of the Solana blockchain, which hosted the project. Solana's token price dropped 15% since February 14th, and memecoins like "TRUMP" and "MELANIA" experienced over 30% losses.

forbes.com

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Feb 19, 04:10

Solana Price Plunges 45% Amidst Converging Bearish Factors

Solana's SOL token price dropped 45% from ~$290 on January 19 to ~$160 on February 18 due to decreased on-chain activity, the collapse of the Argentina-based LIBRA coin, an upcoming token unlock, and past scams; these events have eroded investor confidence.

Solana Price Plunges 45% Amidst Converging Bearish Factors

Solana's SOL token price dropped 45% from ~$290 on January 19 to ~$160 on February 18 due to decreased on-chain activity, the collapse of the Argentina-based LIBRA coin, an upcoming token unlock, and past scams; these events have eroded investor confidence.

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What are the primary factors driving Solana's recent significant price decline, and what are the immediate consequences?

Solana (SOL) prices plummeted almost 45% in a month, falling from roughly $290 on January 19 to nearly $160 on February 18, due to converging bearish factors. This decline follows a period of hype around meme coins and Solana-based projects, which has since faded, impacting investor confidence.

bbc.com

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Feb 18, 16:10

Argentinian President's Cryptocurrency Promotion Leads to Investor Losses and Lawsuit

A Chilean investor lost half of a \$12,000 investment in an Argentinian cryptocurrency promoted by President Javier Milei, leading to a lawsuit alleging a scheme defrauding over 40,000 people of over \$4 billion; Milei denies the accusations, claiming only 5,000 were affected, while the investor att...

Argentinian President's Cryptocurrency Promotion Leads to Investor Losses and Lawsuit

A Chilean investor lost half of a \$12,000 investment in an Argentinian cryptocurrency promoted by President Javier Milei, leading to a lawsuit alleging a scheme defrauding over 40,000 people of over \$4 billion; Milei denies the accusations, claiming only 5,000 were affected, while the investor att...

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What are the long-term systemic implications of this event for cryptocurrency regulation and the role of political figures in promoting financial products?

The aftermath of the \$LIBRA cryptocurrency launch reveals a complex interplay between political influence, investor behavior, and market regulation. The incident raises questions about transparency and accountability within cryptocurrency promotions, especially those involving prominent political figures. Future regulatory efforts may need to address the risks of influencer endorsements and the potential for manipulation in cryptocurrency markets.

lexpress.fr

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Feb 16, 19:09

Argentine President Faces Backlash After Cryptocurrency Promotion Leads to "Rug Pull"

Argentine President Javier Milei's endorsement of the cryptocurrency "$LIBRA", which subsequently crashed, has caused a political storm, with accusations of fraud and calls for an investigation into potential government misconduct; approximately \$4.4 billion was impacted in a suspected "rug pull".

Argentine President Faces Backlash After Cryptocurrency Promotion Leads to "Rug Pull"

Argentine President Javier Milei's endorsement of the cryptocurrency "$LIBRA", which subsequently crashed, has caused a political storm, with accusations of fraud and calls for an investigation into potential government misconduct; approximately \$4.4 billion was impacted in a suspected "rug pull".

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What are the immediate consequences of President Milei's endorsement of the failed cryptocurrency "$LIBRA"?

Argentine President Javier Milei promoted a cryptocurrency, "$LIBRA", which subsequently crashed, causing accusations of fraud and calls for investigations. His endorsement, via social media, was removed hours later after the alleged "rug pull", impacting an estimated $4.4 billion. The presidency announced an anticorruption investigation into the matter.

elpais.com

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Apr 9, 10:13

Argentine Congress Investigates Milei's Role in \$Libra Cryptocurrency Scandal

Argentina's Congress approved a committee to investigate President Javier Milei's alleged involvement in the \$Libra cryptocurrency scandal, which involved approximately 40,000 investors and resulted in significant financial losses; the committee will also question three ministers and a high officia...

Argentine Congress Investigates Milei's Role in \$Libra Cryptocurrency Scandal

Argentina's Congress approved a committee to investigate President Javier Milei's alleged involvement in the \$Libra cryptocurrency scandal, which involved approximately 40,000 investors and resulted in significant financial losses; the committee will also question three ministers and a high officia...

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How did the composition of the congressional vote reflect the shifting political landscape in Argentina?

The vote, 128-93 with 7 abstentions, highlights growing opposition to Milei. Support from the Unión Cívica Radical and PRO, crucial last year, fractured, mirroring a similar Senate setback. The investigation will focus on \$Libra's promotion, leading to significant losses for investors.

elpais.com

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Feb 20, 10:08

Milei's $Libra Endorsement Leads to Cryptocurrency Crash

President Javier Milei's promotion of the $Libra cryptocurrency on X led to a rapid rise and subsequent crash in its value, resulting in significant losses for investors while developers profited immensely from insider trading; approximately $80-$100 million was withdrawn shortly after the launch.

Milei's $Libra Endorsement Leads to Cryptocurrency Crash

President Javier Milei's promotion of the $Libra cryptocurrency on X led to a rapid rise and subsequent crash in its value, resulting in significant losses for investors while developers profited immensely from insider trading; approximately $80-$100 million was withdrawn shortly after the launch.

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How did the structure and marketing of the $Libra cryptocurrency contribute to its rapid rise and fall in value, and what role did the use of the Fixed Float platform play?

The $Libra cryptocurrency, launched with President Milei's endorsement, saw its value skyrocket to $5.54 per unit before crashing by 70% within an hour. This volatility, fueled by insider trading, resulted in significant losses for many investors, while the developers profited handsomely. The incident underscores the need for greater transparency and regulation in the cryptocurrency market.

dw.com

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Feb 20, 16:10

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit over his involvement with the failed cryptocurrency Libra, resulting in approximately \$100 million in losses for investors and undermining his economic credibility.

Milei's Crypto Scandal Shakes Argentina

Argentine President Javier Milei faces a fraud lawsuit over his involvement with the failed cryptocurrency Libra, resulting in approximately \$100 million in losses for investors and undermining his economic credibility.

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How did President Milei's actions regarding Libra contribute to the current political and legal crisis?

Milei's endorsement of Libra, followed by its collapse, damaged his reputation and fueled political opposition. The lawsuit, while legally complex, undermines his economic expertise, potentially impacting Argentina's financial stability and its relationship with the IMF. The opposition highlights the loss of investments by thousands of Argentinian citizens.

lemonde.fr

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Feb 18, 07:07

Milei's Cryptocurrency Scandal: $4 Billion Loss, Multiple Investigations

Argentine President Javier Milei faces accusations of promoting a cryptocurrency, $LIBRA, that crashed, affecting over 40,000 people with losses exceeding $4 billion; he denies wrongdoing but faces multiple investigations.

Milei's Cryptocurrency Scandal: $4 Billion Loss, Multiple Investigations

Argentine President Javier Milei faces accusations of promoting a cryptocurrency, $LIBRA, that crashed, affecting over 40,000 people with losses exceeding $4 billion; he denies wrongdoing but faces multiple investigations.

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How did the Argentine government respond to the controversy, and what are the potential legal ramifications for President Milei?

Milei's actions sparked controversy and accusations of a "crypto-scam." He maintains the cryptocurrency's collapse is a matter between private parties, despite an ongoing investigation by a federal judge and prosecutor, spurred by over 100 complaints. The Argentine presidency also launched an inquiry.

cnnespanol.cnn.com

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Feb 17, 19:09

Fraud Charges Filed Against Argentine President Milei Over Cryptocurrency Promotion

Argentine lawyers filed fraud charges against President Javier Milei on Sunday for promoting a cryptocurrency on social media; the cryptocurrency's value plummeted after Milei deleted his post, causing millions of dollars in losses for investors; Milei's office claims he was unaware of the project's...

Fraud Charges Filed Against Argentine President Milei Over Cryptocurrency Promotion

Argentine lawyers filed fraud charges against President Javier Milei on Sunday for promoting a cryptocurrency on social media; the cryptocurrency's value plummeted after Milei deleted his post, causing millions of dollars in losses for investors; Milei's office claims he was unaware of the project's...

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How did the alleged actions of President Milei contribute to the cryptocurrency's collapse and the ensuing financial losses?

The incident highlights the risks associated with cryptocurrency investments and the potential for manipulation. The lawyers allege Milei engaged in a "rug pull", a scheme where promoters attract investors and then abandon the project after funds inflate, rendering tokens worthless. This case involves accusations of illicit association and fraud.

elpais.com

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Feb 16, 22:08

Milei's Libra Endorsement Leads to Crypto Crash

Argentine President Javier Milei's endorsement of the Libra cryptocurrency caused its value to skyrocket to \$4.7 before crashing after large holders withdrew \$90 million, resulting in substantial investor losses and raising concerns about market manipulation.

Milei's Libra Endorsement Leads to Crypto Crash

Argentine President Javier Milei's endorsement of the Libra cryptocurrency caused its value to skyrocket to \$4.7 before crashing after large holders withdrew \$90 million, resulting in substantial investor losses and raising concerns about market manipulation.

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What are the broader implications of this incident for the cryptocurrency market, investor confidence, and potential regulatory responses?

This event underscores the potential for manipulation and fraud in the cryptocurrency market. The rapid rise and fall of Libra, coupled with allegations of a rug pull and conflicting accounts from involved parties, raises concerns about regulatory oversight and investor protection. Future investigations may reveal further systemic issues.

Showing 1 to 12 of 13 results