Is Javier Milei's same libra libra a scam? Millions of dollars have soared

According to the project website, Viva La Libertad, Libra is designed to finance small businesses and Argentine startups. Javier Milei announced it in a publication on X which has since been deleted.

The same, Libra, a huge scam?

Libra's launch was impressive with a market capitalization of $ 4.5 billion. However, the euphoria was short -lived: the price went from $ 4.50 to $ 0.50 in a few hours. The fall is 89 % despite a volume of trading which exceeds one billion dollars.

Libra raises concerns. According to Chainalysis, there are several alert signals, including the token control structure: the creative address and that holding the majority of the offer seemed controlled by unique private keys, rather than by multi-signating configurations, Usually privileged for legitimate launches.

The project team is accused of massive funding of funds by the startup Bubblemaps, hence the fall in progress. According to their analyzes, the developers have already collected $ 87 million by removing USDC and the soil from liquidity pools. They specify that there are still $ 500 million.

Faced with the controversy, Javier Milei distances himself from the project and explains to Bloomberg línea that it is not his same. The Argentinian president spoke on X: “A few hours ago, I posted a message, as sometimes, in support of an alleged private enterprise with which I have no link, obviously. I did not know the contours of the project and after having read it, I chose not to talk about it (hence the deletion of my messages). ignoble and they push me to kick them behind. “