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March 6, 2025

Argentina Freezes 100 Million Connected to LIBRA Coin Scam Linked to Javier Milei

Argentinian lawmakers have taken decisive action by freezing 100 million dollars associated with the LIBRA meme coin scam that involved President Javier Milei. This project had gained unexpected traction, skyrocketing to a market cap of 4.5 billion dollars before it collapsed to zero within just six hours. This swift action underscores the government’s commitment to protecting investors and maintaining the integrity of the financial system. The investigation continues as authorities delve deeper into the circumstances surrounding this high-profile scam. As the crypto market faces challenges linked to trust and security, this incident serves as a reminder of the potential risks investors encounter. The hope is that enhanced regulation and oversight can foster a safer environment for genuine projects to flourish.

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