🔥 The Latin American crypto ecosystem is in shock.
A meme-type cryptocurrency called "$LIBRA", publicly linked to Argentine President Javier Milei, collapsed brutally after its promotion, generating estimated losses of USD 250 million.
More than 112 criminal complaints have already been registered in Argentina and other countries. International class action lawsuits are being prepared. Are we facing the first major crypto-political scandal of 2025?
💸 What was $LIBRA?
"$LIBRA" was launched as a nationalist meme-coin, supposedly aligned with the libertarian and economic ideals of Milei's government.
🔹 The token gained traction after being mentioned and shared at official events, libertarian forums, and even by figures close to the president.
🔹 It promised to be "the financial symbol of the new Argentina".
But within a few weeks, its price collapsed by almost 98%, leaving thousands of small investors trapped.
🚨 What went wrong?
➡️ It was discovered that a large part of the liquidity was drained by the founding wallets.
➡️ There was no audited contract or real institutional backing.
➡️ Direct or indirect promotion from accounts close to the government created a false sense of legitimacy.
This has triggered a wave of accusations of fraud, market manipulation, and political use of the crypto ecosystem.
⚠️ Legal consequences in progress
📌 More than 112 complaints have been filed in courts in Argentina, Uruguay, Paraguay, Spain, and the U.S.
📌 Actions are being unified for an international class action lawsuit against those responsible for the project.
📌 Researchers point to possible links between the developers and political operators.
🌎 Regional impact
This case calls into question the use of cryptocurrencies for political purposes and could generate:
🔹 Increased regulatory scrutiny in Latin America
🔹 Temporary distrust in emerging tokens
🔹 Increased pressure on influencers and public figures promoting cryptocurrencies
🧠 Conclusion
$LIBRA was not just another meme-coin: it was a political-financial experiment that exploded with million-dollar consequences.
This case will mark a before and after in the relationship between politics and the crypto world.
🗣️ What do you think?
Was it manipulation, negligence, or a politically branded scam?
Should leaders avoid associating with crypto tokens?
👇 Share your opinion and share this article with your community.
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