$Libra cryptocurrency scandal

This article is about the Argentine cryptocurrency. For the cryptocurrency proposed by Facebook, see Diem (digital currency).

$Libra
Denominations
CodeLIBRA
Development
Latest release13 months ago
Development statusActive
Ledger
Ledger start13 months ago
Website
Websitewww.vivalalibertadproject.com

On February 14, 2025, Javier Milei, the president of Argentina, promoted a cryptocurrency project called $LIBRA. The price of the meme coin spiked following Milei's promotion but then suffered a severe price drop, leading to allegations of a rug pull scam and $251 million in losses for investors. This scandal has been dubbed Cryptogate. The Economist called it the "first big scandal" of Milei's presidency.

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