Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Cardano sets the stage for Voltaire Era with Node 9.0 Launch

    June 11, 2024

    Neon Istanbul by Devrim Erbil

    June 1, 2024

    Analyst Explains Why Solana is the Next Multibagger Crypto

    September 26, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025

      Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish

      July 3, 2025

      Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

      July 1, 2025
    • Technology

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025

      Comment on XRP ETF Race Heats Up As SEC Reviews Filings by BONK Memecoin Pumps Over 16% amid ETF-Driven Interest

      July 3, 2025

      Arizona Governor Hobbs Vetoes Digital Asset Reserve Bill, Stalling State Crypto Agenda

      July 2, 2025
    • Learn/Guide

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025

      Will the Bullish Trend Continue?

      July 3, 2025

      Coinbase acquires web3 startup Liquifi after $2.9B Deribit deal

      July 2, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence
    Learn/Guide

    Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence

    February 15, 20252 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Argentina's president withdraws support for LIBRA token, admits to skipping due diligence
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • President Milei withdrew support for LIBRA token after it lost 85% value.
    • Previously, Milei promoted CoinX, alleged as a Ponzi scheme impacting investors.

    Share this article







    Argentina’s President Javier Milei has withdrawn his support for the LIBRA meme token after initially endorsing it, stating he had no connection to the project. Milei also admitted that he did not do his due diligence before tweeting support, but deleted his tweets once he became aware of the details.

    The token, which claimed to be part of the Viva La Libertad Project supporting Argentina’s economy, dropped 85% in value amid reports of the project team’s liquidation.

    “A few hours ago I posted a tweet, as I have so many other times, supporting a supposed private enterprise with which I obviously have no connection whatsoever,” Milei said. “I was not aware of the details of the project and after having become aware of it I decided not to continue spreading the word (that is why I deleted the tweet).”

    Analysis shows that 82% of the token supply is concentrated among a small number of addresses, suggesting centralized control.

    In addition to clarifying his stance, Milei pushed back against critics seeking to capitalize on the controversy.

    “To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the ass,” he said.

    This isn’t Milei’s first controversy involving crypto projects. In late 2021, he promoted CoinX, an alleged crypto Ponzi scheme, on Instagram, claiming it could help Argentinians fight inflation, Protos previously reported.

    CoinX promised high profits through AI-powered automated trading and expert traders, but investors reported not receiving the expected returns. The National Securities Commission subsequently ordered CoinX to cease operations.

    Investors sued Milei, seeking damages for losses estimated at between 30 million and 40 million pesos (approximately $300,000).

    Share this article









    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

    July 6, 2025

    Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

    July 5, 2025

    Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

    July 4, 2025

    Will the Bullish Trend Continue?

    July 3, 2025
    Top Posts

    KatsuBet 50 Free Spins: No Deposit Bonus Codes in 2023

    July 31, 2023

    Grayscale transfers $175m worth of Bitcoin via Coinbase

    February 24, 2024

    Asia Tops Crypto Developer Share in 2024: Crypto Report

    December 14, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025

    Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

    July 4, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.