The $LIBRA Debacle: Political Endorsements Are Driving Rug Pulls

The $LIBRA Debacle: Political Endorsements Are Driving Rug Pulls

The synergy of political endorsement and highly speculative assets like meme coins was always bound to be disastrous, and the recent LIBRA scandal was a clear reflection of this concern.Crypto has come a long way over the past decade. Mainstream adoption, institutional interest, and regulatory clarity helped the industry gain increasing credibility. And meme coins also carved out an exciting niche in this sector, which reflected creativity and c…

Investigates the drivers of the operation and seeks to determine whether they acted with “privileged information”; dispute over the control of the judicial file

The assets of Javier Milei and his sister Karina are already being investigated, in the framework of the crypto scam promoted by the President from his networks and generated hundreds of complaints around the world. In addition, Judge Arroyo Salgado tries to determine where the money from the funds of the scam went.

The judge intends to identify the movements that the wallets had linked to the creation of the token and the natural persons who were behind it. Taiano, in parallel, requested measures of proof to determine the heritage evolution of those involved.

The federal judge of San Isidro, Sandra Arroyo Salgado, today requested reports from the Military House to confirm whether President Javier Milei was in the residence of Olivos on February 17, in the framework of the investigation related to the cryptocurrency Libra. In addition, the judge ordered a series of test measures related to the real-time traceability of the operations carried out during the afternoon-night of February 14 and the follow…

The federal judge of San Isidro expanded the investigation and ordered the reconstruction of the movements of virtual wallets associated with cryptoactive. Read more