Argentine prosecutors seek to freeze $100 million in assets related to LIBRA tokens

The news from Mars Finance, Argentine prosecutor Eduardo Taiano has requested the freezing of $100 million in assets related to the LIBRA token, and has requested the restoration of the token promotion tweets that President Milei had deleted. The Solana chain meme coin had soared to a market capitalization of $4.5 billion after Milei's promotion, and then quickly collapsed. Crypto entrepreneur Hayden Davis admitted to making $100 million from the project. The prosecution is investigating this possible "pump and dump" scam and is requesting the assistance of international exchanges and law enforcement agencies to freeze the funds. This is not the first time Milei has been embroiled in crypto controversies. The libertarian president, who is a staunch supporter of Bitcoin, was previously sued in 2022 for promoting another controversial crypto platform, CoinX. (Decrypt)