The LIBRA Scandal: What Happened and What Are the Implications?
What is the LIBRA scandal?
The LIBRA scandal in Argentina is a significant event in the intersection of politics and cryptocurrency. It centers around President Javier Milei’s promotion of the $LIBRA token, which he claimed had tremendous economic potential. The situation escalated with allegations of financial irregularities, leading to calls for the arrest of Milei’s advisors due to fears they might flee. The scandal has led to a collapse in the $LIBRA token’s market value and has opened discussions about governance, market manipulation, and investor protection in Argentina’s crypto landscape.
How much has been lost due to the LIBRA scandal?
Investors have reportedly lost more than $251 million due to the fallout from the LIBRA…
