Argentina has failed to identify one of the key individuals linked to the launch of Libra, the meme coin promoted by President Javier Milei on social media. Interpol Singapore was unable to pinpoint any individuals identified as Julian Peh, the CEO of KIP Protocol, who has ties to the Libra token. Libra Case Watch: Authorities […] Source CryptoX Portal
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Brazil is set to debate Lula’s controversial crypto tax, the probe into Libra’s launch offers new revelations, and Nubank has launched a new token-based fidelity program. Brazilian Congress to Debate Lula-Imposed Crypto […] Source CryptoX Portal
Key Notes Hayden Davis admitted that LIBRA was more of a memecoin than a serious business project during the fraud trial. $499,000 transferred from Davis’s wallet during a meeting with Argentine President Milei sparks suspicion. Large crypto transfers before and after the LIBRA launch raise questions about the token’s true purpose. Hayden Davis, the personality behind the controversial LIBRA memecoin scandal, has made a surprising statement in court. During a session in a New York court, he admitted that the token was not designed for any serious business use. Instead,…
A transaction sent from a wallet address linked to Hayden Davis, one of the entrepreneurs connected to the launch of Libra, made at the same time he was in a meeting with President Milei, might help an ongoing probe advance with new data. Libra Case Watch: Mysterious Transaction Involving Centralized Exchange Might Advance Probe A […] Source CryptoX Portal
The creator of the LIBRA token is seeking to have a New York class-action lawsuit against him dismissed, arguing that the court lacks jurisdiction as the token was offered globally. Hayden Davis, co-founder of the venture firm Kelsier Ventures, asked a New York federal court to dismiss the class-action lawsuit on Wednesday, alleging the claims don’t arise from actions “directed toward New York.” “Davis does not reside in New York, does not transact business in New York, was not physically present in New York when the allegedly tortious conduct occurred,…
Argentine President Javier Milei didn’t breach any of his presidential duties when he promoted the Libra memecoin, the country’s Anti-Corruption Office said in a recent decision. In a June 5 resolution, the Anti-Corruption Office said Milei was acting in a personal capacity when he endorsed the Libra (LIBRA) token in a Feb. 14 X post, and therefore, Milei did not violate Argentina’s federal ethics laws for public officials. The decision is significant as Milei’s endorsement supposedly contributed to investors losing a combined $251 million, prompting members of the opposition party…
Legal actions against the Libra meme coin, which was shared by Argentina’s President Javier Milei, continue to progress. This week, Circle froze two addresses containing over $57 million in funds, while authorities investigate the involvement of individuals allegedly linked to the meme coin. Libra Probes Advance: Circle Freezes $57 Million, Argentina Scrutinizes Communications The investigations […] Source CryptoX Portal
A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze. “Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at…
Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed. “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read. The task force is being dissolved despite pressure from opposition groups, which are seeking…
Argentine federal judge María Servini has ordered banks to disclose President Javier Milei’s and his sister Karina’s financial records as part of a probe into an alleged LIBRA cryptocurrency fraud tied to millions in losses. Argentine President Milei Skips Mediation as Judge Seeks Financial Records in Crypto Scam Local media reports that a federal Judge […] Source CryptoX Portal