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VIDEO / Cryptocurrency

Argentina’s Memecoin Disaster

Argentina’s president Javier Milei has been rocked by a scandal over his promotion of a memecoin called $LIBRA which soared in value before collapsing last week, triggering lawsuits and calls for impeachment. Buyers of the cryptocurrency accused the coin’s creators of – what is known as a “rug pull” scheme, a type of crypto pump and dump scheme – where the promoters draw in buyers, only to stop trading and make off with the money raised from token sales. The same team who launched the Argentina linked me

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