Argentine President Javier Milei recently posted support for the $LIBRA token, only to 'delete the post' after triggering a buying frenzy, causing the token's price to plummet by 95%, resulting in significant losses for many investors. In response to the 'cutting leeks' controversy regarding $LIBRA, the decentralized exchange Jupiter clarified that it was unaware of the transactions between Milei and the market makers and did not participate in the issuance of the $LIBRA token in any form.

Jupiter revealed that although some team members learned about the token project related to Javier Milei through Kelsier Ventures about two weeks before the $LIBRA launch, they did not participate in any transactions or receive any rewards related to the project.

Jupiter mentioned that within the meme coin community, rumors about 'a certain Argentine coin' going live had long been an 'open secret,' but out of adherence to confidentiality principles, the team did not discuss the matter publicly.

Jupiter emphasized that the team only added the token to the strict list and marked it as 'verified' after the market capitalization of $LIBRA exceeded $1.5 billion. This measure aims to protect users from counterfeit tokens, as dozens of impersonating tokens appeared immediately after the launch of $LIBRA. They added that the verification process was initiated after public confirmation and sufficient trading volume.

Moreover, the exchange conducted an internal investigation and found no evidence of misconduct by employees. Furthermore, product developers were also unaware of the issuance date, time, or contract address of $LIBRA in advance. Jupiter did not verify the $LIBRA contract address beforehand or immediately, contrary to the circulating FUD statements.

"Jupiter Responds to $LIBRA Token Controversy: Did Not Participate in Issuance in Any Form" was originally published on (Block客).