Events

Phone records show Argentina’s President Javier Milei placed repeated calls to a LIBRA promoter in the lead-up to the token’s launch and subsequent collapse, raising questions about his possible deeper involvement in the failed $LIBRA project. The episode, tied to heavy investor losses, could erode public trust and political stability.

Argentine investigators recovered draft agreements and communications suggesting President Javier Milei may have agreed to a $5 million, three‑tranche arrangement to promote the LIBRA token, including intense contact around its rapid price surge and collapse, though no signed contract or payments have been verified.

Despite asset freezes, fraud probes and political fallout, wallets tied to the collapsed Libra memecoin shifted about $4M from the failed token and funneled over $61.5M into Solana. The broader crypto market is falling amid ETF outflows, whale shorting and thin liquidity.

An Argentine judge has frozen the assets of Hayden Davis and two crypto entrepreneurs over their involvement in a memecoin scandal linked to President Javier Milei. A viral post and sudden fund transfers have implicated them in what might be one of the country's biggest crypto scams.

A class action lawsuit in New York accuses Meteora co-founder Benjamin Chow of orchestrating a $57 million crypto fraud, using celebrity endorsements as a front to deceive investors through pump-and-dump schemes involving various memecoins.