Summary
- Libra coin officials are facing a class action lawsuit in a New York court in the United States.
- The main content of the lawsuit claims that they launched a meme coin in a "deceptive, manipulative, and unfair manner, causing losses to investors.
- According to a blockchain research firm, investment losses due to the Libra incident amount to $251 million.
The instigators of the meme coin Libra (LIBRA) incident, which caused market turmoil, are reportedly facing a class action lawsuit in the United States.
On the 18th (local time), cryptocurrency media outlet Cointelegraph reported that Kelcier Ventures, KIP Protocol, and Meteora are being sued in a New York court for their alleged involvement with the Libra token.
The previous day, U.S. law firm Berwick Law filed a lawsuit against them, claiming it was "a deceptive, manipulative, and fundamentally unfair meme coin launch." They added that "the meme coin price was artificially inflated to benefit insiders while causing losses to buyers."
Libra is a cryptocurrency created last month on a Solana-based meme coin generation protocol. Libra was promoted as a cryptocurrency with the purpose of revitalizing Argentina's local economy, and it surged in the early stages of its launch, attracting the attention of many investors. In particular, investment sentiment heated up when Argentina's President Javier Milei personally promoted it through social media (SNS). However, a few hours later, a large volume of insider holdings was sold, causing Libra to plummet by 95% instantly.
However, President Milei was not included among the defendants.
Meanwhile, according to blockchain research firm Nansen, losses suffered by investors due to the Libra incident amounted to $251 million.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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