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Argentine judge freezes 25 $LIBRA crypto accounts, orders exchange KYC


Argentine judge freezes 25 $LIBRA crypto accounts, orders exchange KYC

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An Argentine federal judge ordered the freeze of 25 crypto accounts in an investigation into the $LIBRA token after its market capitalization plunged 89% within three hours, producing estimated investor losses of $100 million to $250 million. The case highlights acute security and regulatory risk for token launches and crypto platforms, threatens liquidity on venues handling the asset, and could slow adoption, fundraising and trust in related DeFi and CEX projects.

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A federal judge in Argentina has issued an order to freeze 25 crypto accounts involved with the country’s investigation into the infamous $LIBRA token. The investigation was triggered after a crash that left users counting losses estimated between $100 million and $250 million after the $LIBRA token’s market capitalization crashed 89% within three hours of...
Read the article at CryptoPolitan

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In This News

Coins

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