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Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say - Hawaii Tribune-Herald

Summary by Hawaii Tribune-Herald
Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the center of a scandal in Argentina by eight digital wallets linked to the crypto token’s creator, blockchain researchers said.

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Hawaii Tribune-HeraldHawaii Tribune-Herald

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say - Hawaii Tribune-Herald

Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the center of a scandal in Argentina by eight digital wallets linked to the crypto token’s creator, blockchain researchers said.

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Libra token plunges amid major withdrawal scandal, says Chainalysis

According to a Chainanalysis report, a pair of wallets related to the token’s developers lost around $99 million in investment liquidity for the LIBRA token.The blockchain research group, which released its report on Wednesday, revealed this information, tarnishing the token’s reputation even more and raising concerns among investors.According to a Reuters report, Chainalysis noticed that eight cryptocurrency wallets related to the team that cre…

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Hawaii Tribune-Herald broke the news in on Thursday, February 20, 2025.
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