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LIBRA's Bills Are Getting Heavier: Here's the Number of Losing Wallets and Mind-Blowing Amounts! - Coin Newsletter
New details have emerged in the LIBRA token scandal; the investor who suffered the biggest loss lost 5.17 million dollars, while it was found that at least 24 addresses experienced losses of more than 1 million dollars.
The LIBRA scandal that caused a stir in the cryptocurrency market deepened as investors suffered significant losses. According to LMK's analysis, it was found that at least 24 investors incurred losses of more than 1 million dollars and at least 61 investors experienced losses of over 500 thousand dollars when their transaction histories were examined.
The biggest loss in the scandal was experienced by an investor; he spent a total of 5.6 million dollars to purchase 2.1 million LIBRA tokens, but ultimately lost 5.17 million dollars by selling these tokens for only 430,000 dollars.
A huge disaster for investors!
LIBRA token, after making a big breakthrough in a short time, experienced a collapse, causing investors to lose millions of dollars. The market confidence was shaken due to Argentine President Javier Milei withdrawing his support and allegations that the project was inflated with false promises. Previously reaching a market value of 4.5 billion dollars, LIBRA is currently down to 350 million dollars.
Especially opposition parties officially started the impeachment process by alleging that Milei deceived investors by introducing the LIBRA token. While Milei's statement 'I didn't have detailed information about the project' did not satisfy the investors, crypto currency analysis platforms revealed that some major investors made millions of dollars in profit by obtaining insider information.