Circle freezes 57M USDC linked to LIBRA memecoin scandal

insider trading behind LIBRA coin’s $1.16b rise and fall

Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals. On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer … Read more

Argentina’s President Caught in $LIBRA Crypto Scandal

argentina president twitter post on Libra

The fallout from the $LIBRA cryptocurrency collapse is quickly turning into a full-blown political and legal crisis in Argentina. At the center of it all is President Javier Milei, whose public support for the token earlier this year is now under intense scrutiny. What started as a flashy meme coin promotion has spiraled into asset … Read more

Argentine lawmakers approve probe into LIBRA memecoin scandal 

Argentine lawmakers approve probe into LIBRA memecoin scandal 

Argentina’s Chamber of Deputies has approved a formal investigation into the LIBRA memecoin scandal after the token’s collapse wiped out over $280 million in value from nearly 75,000 traders. In a special session held Apr. 8, lawmakers backed three resolutions aimed at uncovering the truth behind the controversial token’s launch and rapid crash. The first … Read more

Law firm files class action lawsuit in LIBRA token scandal

New York-based Burwick Law files class action lawsuit over LIBRA token launch

Burwick Law has filed a class action lawsuit in New York against Kelsier Ventures, KIP Protocol, and Meteora, accusing them of running a deceptive launch in the LIBRA token scandal.   According to the lawsuit filed on Mar. 18, the token’s developers secretly manipulated liquidity to defraud retail traders of millions of dollars while misleading investors … Read more