Summary
- Law firm Burwick and others announced they are preparing lawsuits against President Milei regarding the LIBRA token rugpull incident.
- LIBRA's price crashed by more than 94%, with experts analyzing that mass selling movements came from initial accounts.
- President Milei promoted the LIBRA project as Argentina's economic growth and investment attraction, but ultimately faced international criticism.
According to Cryptopolitan on the 17th, law firms around the world, including Burwick, are preparing lawsuits against President Milei regarding the LIBRA token rugpull incident.
Burwick announced via X (Twitter), "Contact us if you lost money due to LIBRA."
Criticism against President Milei is also emerging within Argentina. Opposition leader Leandro Santoro stated, "This incident is an international embarrassment. It has led us to initiate impeachment proceedings."
LIBRA is a memecoin that was created on the Solana (SOL) network on the 15th. President Milei directly promoted LIBRA, stating, "Liberal Argentina is growing!!! This private project will be dedicated to promoting Argentina's economic growth and funding Argentina's SMEs and startups. The whole world wants to invest in Argentina." However, LIBRA's price subsequently crashed by 94%, raising rugpull suspicions.
Experts analyzed LIBRA's initial fund flows and mass selling movements, noting that large sell-offs came from a small number of accounts, causing the crash when these were converted to cash and withdrawn.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
