President Milei Withdraws Support for LIBRA Token
- President Javier Milei withdrew his support for the LIBRA meme token after it lost 85% of its value.
- Milei admitted to not conducting due diligence before endorsing the token and later deleted his supportive tweets.
- The LIBRA token was linked to the Viva La Libertad Project, which claimed to support Argentina’s economy.
- 82% of the token supply is concentrated among a few addresses, indicating centralized control.
- Milei previously promoted CoinX, alleged as a Ponzi scheme, resulting in investor losses and legal action against him.
Argentina’s President Javier Milei retracted his endorsement of the LIBRA meme token after its value plummeted by 85%, acknowledging he had not thoroughly researched the project beforehand. The incident follows earlier controversies involving Milei’s promotion of CoinX, an alleged Ponzi scheme.
Source (2.6)https://cryptobriefing.com/milei-crypto-controversies-libra-coinx/?rand=59535
