Argentine encryption scandal $ 4.6 billion; The biggest theft of encryption

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Argentina encrypts failure

Argentine President Javier Millie in hot water after him A brief battle in encryption That opposition left a lawsuit to remove him and the judge of launching a fraud.

On February 14, Milei moved to X to promote an unknown symbol called libra, claiming that it would enhance the Economy of Argentina by financing small companies. His publication is linked to a website that includes the slogan of his signature, “Long Live Freedom”, and his 3.8 million followers confirmed that “the world wants to invest in Argentina.” Thousands did. The scale rose from zero near to approximately $ 5 – before collapsing to less than one dollar within hours.

Soon the post Millie deleted, claiming that he was not aware of the details of the project, but the damage happened. Lawyers in Argentina, led by the political opponent of Millia Claudio Luzano, submitted more than 100 fraud complaints against the president, and the Argentine judge opened an investigation.

Raed Honor, Hayden Davis, admitted to participate in the launch of the scale – as well as Melania, a mechanical associated with the first lady, which reached a short period in the market worth $ 2 billion before the collapse. In an interview with YouTube Scam-Buster Coffeezilla (Stephen Findeisen), Davis revealed that he controls about $ 100 million on the scale and detailing a scheme known as sniper-practic It interacts, raises demand and price, only for sale with profit Huge. In the organized markets, this will be considered illegal. Two organizers of the Technology Forum, a technology conference in Latin America, were appointed as colleagues of the co -launch.

As the reverse reaction was installed, Davis tried to control damage. He wrote in a statement On X. In a separate interview with Barstool SPORTS, the failure was described as “a very wrong experience.” He insisted that Millie was not corrupt – surrounded by people who might be. Meanwhile, Dave Portnoy claimed that Davis personally responded to the response of $ 5 million in Fiasco Libra.

The numbers draw a brutal picture: 86 % of the merchants who bought in the scale lost money, with total losses of $ 251 million, according to Blockchain Analytics Nansen. Featured Jeep, $ 180 million.

Ben Chao, founder of the decentralized stock exchange, which facilitated the launch of the scale, Melania and Trump, said, according to February 18 from his pseudonym.

Persons stole $ 1.5 billion from Crypto Exchange bybit

In what is now the biggest encryption theft on the record, bybit, the exchange of its Dubai -based encryption, It lost $ 1.5 billion in digital assets After the infiltrators got one of his cold governorate, the storage systems in a non -communication mode, on Friday. Blockchain analysts refer to North Korean infiltrators, who are usual guilty behind some of the largest violations of industry. The stolen money, mostly ether, was transferred quickly through multiple portfolios and platforms. Despite the strike, the CEO of BYBIT BEN ZHOU confirmed that the stock exchange is still a solvent, claiming that all the client’s assets are fully supported and the company can cover the loss.

Crypto and Blockchain on Forbes’ Fintech 50

With the passage of Crypto, a new wave of companies reinforcing funding – FINTIch 50 highlights the largest players who lead this charge. From the distinctive symbol of the real world assets to securing institutional capital, Blockchain creators lead this financial transformation as soon as it is rejected as a speculative bang. Read more.

elsewhere

Coinbase says SEC will drop an encryption suit [The New York Times]

Some encryption dealers who fell in the FTX collapse are about to obtain their salaries [The Wall Street Journal]

Figure gains agree to launch Stablecoin bearing the first interests [Fortune]