Post
Omar 10000
·
--
A meme that talks by itself
⏱️ (February 2025) - Many Argentinians cried.
On February 14, 2025, Javier Milei published a message on his official X (Twitter) account supporting the crypto project $LIBRA, stating that its goal was "to finance small businesses and startups" to revive the economy. The tweet included the direct address of the smart contract to buy the token.
Taking advantage of the president’s millions of followers, the price of $LIBRA shot up vertically within minutes, reaching an inflated valuation of more than $4 billion.
A few hours after the post, it was completely removed from his profile. Almost simultaneously, the digital wallets of the token’s developers and creators (insiders) withdrew at once between $80 and $100 million in liquidity, executing a scam known in the crypto ecosystem as a rug pull. The value of $LIBRA plummeted by 96% in less than 7 hours, leaving more than 40,000 retail investors trapped with million-dollar losses.
⚖️ Repercussions and official justification
The Argentine opposition filed criminal complaints against the president for alleged fraud and deception, and also pushed for impeachment proceedings. Later, media leaks exposed a supposed document in which intermediaries stipulated a $5 million payment tied to the promotion of the token.
$SOL $PROM $XRP
⏱️ (February 2025) - Many Argentinians cried.
On February 14, 2025, Javier Milei published a message on his official X (Twitter) account supporting the crypto project $LIBRA, stating that its goal was "to finance small businesses and startups" to revive the economy. The tweet included the direct address of the smart contract to buy the token.
Taking advantage of the president’s millions of followers, the price of $LIBRA shot up vertically within minutes, reaching an inflated valuation of more than $4 billion.
A few hours after the post, it was completely removed from his profile. Almost simultaneously, the digital wallets of the token’s developers and creators (insiders) withdrew at once between $80 and $100 million in liquidity, executing a scam known in the crypto ecosystem as a rug pull. The value of $LIBRA plummeted by 96% in less than 7 hours, leaving more than 40,000 retail investors trapped with million-dollar losses.
⚖️ Repercussions and official justification
The Argentine opposition filed criminal complaints against the president for alleged fraud and deception, and also pushed for impeachment proceedings. Later, media leaks exposed a supposed document in which intermediaries stipulated a $5 million payment tied to the promotion of the token.
$SOL $PROM $XRP
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.