A wallet funded with $20k. A tweet from Milei. $17M created out of thin air. The $LIBRA rug pull is now complete. A full and easy recap of the last 24h.

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"4) Conclusion What I find extremely interesting about this scam are two aspects: 1. The complete lack of consequences for all the actors involved: they literally walk away with 17M (only considering this wallet) with no consequences 2. We can estimate the economic value of a tweet from Javier Milei at ~17M. I hope he got paid a similar amount, otherwise he got scammed by Hayden."

Top comment by @Spencer420

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Spencer420

"4) Conclusion
What I find extremely interesting about this scam are two aspects:

The complete lack of consequences for all the actors involved: they literally walk away with 17M (only considering this wallet) with no consequences
We can estimate the economic value of a tweet from Javier Milei at ~17M. I hope he got paid a similar amount, otherwise he got scammed by Hayden."

Danicjade

TL;DR:
The Libra team swapped the full 17M USDC for SOL to avoid freeze risk, then moved everything to a fresh wallet now holding both the funds and 54M unsellable LIBRA. No consequences so far, and everyone’s waiting to see their next move.

Spencer420

"4) Conclusion
What I find extremely interesting about this scam are two aspects:

The complete lack of consequences for all the actors involved: they literally walk away with 17M (only considering this wallet) with no consequences
We can estimate the economic value of a tweet from Javier Milei at ~17M. I hope he got paid a similar amount, otherwise he got scammed by Hayden."

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A wallet funded with $20k. A tweet from Milei. $17M created out of thin air. The $LIBRA rug pull is now complete. A full and easy recap of the last 24h.

More coverage

Explore the topic

More on Javier Milei

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Total stats

How to Earn

More on Javier Milei

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

A wallet funded with $20k. A tweet from Milei. $17M created out of thin air. The $LIBRA rug pull is now complete. A full and easy recap of the last 24h.

More coverage

Explore the topic

More on Javier Milei

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Comments

Total stats

How to Earn

More on Javier Milei

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.

Libra Case: Confidential agreement between President Milei and Hayden Adams revealed.

Meteora co-founder Benjamin Chow faces a renewed lawsuit alleging involvement in 15 Solana-based token scams that exploited names like Trump and Javier Milei to manipulate investors.

Milei to curb Argentina's Treasury' ability to print money for financing public spending

President Milei shuts down Argentina unit investigating $LIBRA crypto scandal

LIBRA case judge releases bank records as President Javier Milei skips civil mediation, raising risk of further legal action.

The memecoin craze, fueled by scandals like the Milei-promoted LIBRA coin, has led to billions in losses and damaged the crypto industry's reputation, prompting calls for greater scrutiny and regulation.