Libra Token case talk say e get wayo and mago-mago for inside Solana launch wey Argentina president back
Dem don start one class-action court case against the people wey create Libra token, say dem do fraud and market manipulation so dem go make money for themselves. At first, Argentine President Javier Milei support am, dem say dem launch the Solana-based token to make Argentina economy strong by helping small business. But e lose 97% of e value after Milei say he no support am again. The court case dey accuse Kelsier Ventures and other people say dem use juju make the token value high by controlling how much dey and taking out profit. Over 75,000 investors lose money wey reach $280 million. Dem don take legal action, and dem fit freeze some people property wey connect to the case. The Treanor Law Firm dey call on investors wey lose money to join the court case. Dem dey investigate if e be like racketeering wey happen before, so dem go prevent crypto crime for future.
Bearish
Di lawsuit wey dey against di people wey create Libra token, wey Argentine President Javier Milei support when dem launch am, fit affect di market value of di token negatively. Dem don dey accuse dem of fraud and market manipulation, and dis one don cause di price to fall drastically after Milei withdraw hin support. Dis kind accusations dey usually make investors dey doubt, regulatory bodies dey investigate well well, and market confidence dey reduce. For history, similar legal issues for crypto space don cause long-term negative feelings, wey dey affect both short-term and long-term market prospects, and e dey make di outlook for Libra token dey bearish.