Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday in a post on X, but later deleted the post and denied having any link to the cryptocurrency.
A federal judge is investigating the token's launch and Milei's involvement in it, after the coin, promoted by Milei on Friday, soon shot up above $4.50 apiece then plummeted just hours later.
Milei has accused his rivals of trying to take advantage of the situation.
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View Details» According to blockchain researchers Chainalysis, eight crypto wallets withdrew roughly $99 million worth of tokens from the $LIBRA token's so-called liquidity pool — a kind of crypto marketplace where people can trade.
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