Crypto Market Scandal: $99 Million Withdrawn from Libra Token Linked to Argentina’s President Milei—A major crypto controversy has erupted after around $99 million was withdrawn from the liquidity pool of the Libra token ($LIBRA), a digital asset briefly promoted by Argentina’s President Javier Milei. The token surged above $4.50 but crashed within hours, leaving investors at a loss. Blockchain research firms Chainalysis and Nansen traced the withdrawals to wallets linked to the token’s creator. With a federal investigation underway, questions arise about Milei’s involvement and the risks of political endorsements in the volatile crypto market.
