LIBRA's Bills Are Getting Heavier: Here's the Number of Losing Wallets and Mind-Blowing Amounts! - Coin Newsletter

robot
Abstract generation in progress

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.

SAY6.39%
TOKEN1.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)