Summary
- Dave Portnoy revealed he returned 6 million tokens received as compensation for promoting LIBRA.
- LIBRA token surged after launch but crashed 95%, raising rugpull suspicions.
- Insiders reportedly made over $40 million in profits by selling LIBRA.
Amid ongoing controversy surrounding the memecoin LIBRA, it was reported that Dave Portnoy, founder of Barstool Sports, had received a promotional offer for the LIBRA token.
According to cryptocurrency media Cointelegraph on the 16th (local time), Dave Portnoy revealed through X (Twitter) Spaces last night, "It's true that I received 6 million tokens as compensation for promoting the LIBRA project before its launch. However, I returned all of them when the token founders said I needed to disclose that I received compensation for promotion."
LIBRA, introduced as an Argentine memecoin, surged to nearly $5 shortly after launch but subsequently crashed by 95%, raising rugpull suspicions. Insiders reportedly made over $40 million in profits by selling LIBRA.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
