The president of Argentina has apparently done a gigantic rug pull on his own citizens after announcing the launch of a cryptocurrency token which was immediately rugged by insiders after running up a huge valuation. It was unclear whether Milei was hacked or personally directed it but he later posted on X denouncing critics of the launch. 

This is much worse than a meme coin because he claimed the coin would have utility and even help the Argentinian economy. Crypto has unfortunately helped inaugurate a new golden age of elite theft

The president of Argentina has apparently done a gigantic rug pull on his own citizens after announcing the launch of a cryptocurrency token which was immediately rugged by insiders after running up a huge valuation. It was unclear whether Milei was hacked or personally directed it but he later posted on X denouncing critics of the launch. 

This is much worse than a meme coin because he claimed the coin would have utility and even help the Argentinian economy. Crypto has unfortunately helped inaugurate a new golden age of elite theft https://cryptobriefing.com/digital-token-launch-libra/

Here a great interview on this situation : https://m.youtube.com/watch?v=EqizJTbxAEM

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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