The LIBRA coin danced upwards like a scolded cat on Wednesday, leaping over 30% as Argentina’s Congress dropped a 200-page bombshell, accusing its architects and political pals of a “coordinated rug pull.”
The shockwaves rippled through crypto dens and political salons alike, turning LIBRA into the week’s most controversial token-like a bad neighbor everyone’s whispering about.
LIBRA Pumps Over 30% in the Middle of a Scandal
As the clock ticked, LIBRA traded at $0.00232-a 31% leap in 24 hours. The price spike arrived like a storm during a tense family dinner, just hours after Argentina’s LIBRA investigation hit its climax. 🌪️
Earlier, the Investigative Commission handed its report to the Chamber of Deputies, declaring LIBRA “not an isolated incident,” per Commission president Maxi Ferraro. Translation: This ain’t your first rodeo, folks.
The report? A feast of testimonies, blockchain detective work, and 2,000 pages of paperwork. It reads like a thriller written by a bored accountant. 📄
Maxi Ferraro, the Commission’s leader, claimed the evidence showed a “pattern of behaviors” linking LIBRA to prior token schemes like 2024’s $KIP. Sounds like a franchise: “Rug Pull 2: Electric Boogaloo.”
The Commission’s verdict? LIBRA followed a formula straight out of a textbook (if that textbook were titled How to Rob Your Country):
- Misleading marketing (because who needs honesty?),
- Rapid hype amplification (think TikTok meets Ponzi scheme),
- Insider positioning (the “I told you so” wallets), and
- An orchestrated exit (cue the violins). 🎻
LIBRA Was a Textbook Rug Pull, Investigators Say
The report claims LIBRA’s Feb 14 launch was a masterclass in chaos. The President’s tweet? The “determining factor” for the price spike, creating a liquidity surge for insiders to vanish like magicians with a rabbit’s wallet.🐇
The contract address debuted in the President’s X post, summoning retail traders like moths to a flame. What followed? A financial barbecue:
- 87 wallets traded on insider info 22 seconds before the tweet-faster than you can say “regret,”
- 36 of those wallets scored over $1M each (congrats, you’re rich! 😎),
- 114,000 retail investors? Wiped out. Their dreams? Toast. 🍞
These findings clash with Milei’s TV denials about “widespread losses.” Spoiler: There were. A lot.
Financial Links and Prior Coordination
Investigators traced cash trails between LIBRA’s organizers-Novelli, Terrones Godoy, Hayden Davis, Sergio Morales-and earlier schemes like KIP. The judiciary “confirmed” these links, because nothing says “trust” like a government stamp. 🏛️
Ferraro called Milei’s political role “inescapable,” citing prior meetings, ignored warnings, and legislative sabotage. Deputy Sabrina Selva added, “LIBRA was never an investment-it was a heist where a few walked away with millions.”
$LIBRA NO FUE UN HECHO AISLADO. Milei had old ties to $LIBRA’s crew and hyped it as an investment that never existed.
A few took millions; the President made it happen with that tweet.
🔗 Details…
– Sabrina Selva (@SabriSelva) November 19, 2025
Obstruction and Institutional Silence
The report accuses executive agencies of playing hide-and-seek with documents, while Karina Milei allegedly gave organizers a VIP pass to Casa Rosada. The judiciary? They blocked access to key files, like a librarian who hates drama. 📚
Despite the chaos, LIBRA’s price rally shows crypto’s love for volatility over logic. Traders bet on drama, not math, turning a scandal into a stock market. 🎢
With the report public, pressure builds on Argentina’s leaders. The LIBRA saga? Far from over. And President Milei? Still silent. Maybe he’s counting his loot. 💸
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2025-11-19 11:49