LIBRA Team Allegedly Launches Two Additional Argentinian Tokens, MILEI and ARG

The LIBRA team may have launched two tokens, MILEI and ARG, possibly to test strategies before the official LIBRA launch. Claims suggest these tokens share links through funding sources and liquidity pools, while the situation has evolved into a political scandal due to prior investor losses and ongoing lawsuits.

Recent developments suggest that the LIBRA team may have launched two additional cryptocurrency tokens from Argentina—namely MILEI and ARG. These tokens reportedly emerged around the same time as the LIBRA token, which is backed by Javier Milei. Fernando Molina, Senior Data Engineer at Blockworks, posits that there might have been an attempt to rebrand LIBRA as ARG shortly before its launch.

Molina outlines several potential links among the tokens, noting that they were financed by different creator accounts through the same exchange, FixedFloat. He further indicates that the liquidity pool known as Meteora was involved in the creation of each token, with deposits of 108 tokens made in all cases. Although ARG has different metadata than LIBRA, the two tokens feature nearly identical logos.

Molina asserts that MILEI likely originates from the LIBRA team and may have functioned as a test case preceding the official launch of the Milei-backed token. Notably, MILEI was released just minutes before LIBRA, while ARG debuted shortly after, but prior to Milei’s LIBRA announcement. However, Argentinian publisher Pagina cautions that the anonymity of the wallets funding the tokens complicates confirmation of the creators’ identities.

The situation has escalated into a political scandal, especially after Milei previously endorsed the controversial LIBRA token, which subsequently led to significant financial losses for investors. Legal repercussions include lawsuits against the firms associated with LIBRA’s launch, including Meteora, now before the Supreme Court of New York.

In summary, recent reports indicate connections between LIBRA and two new Argentinian tokens, MILEI and ARG, potentially indicating a coordinated launch strategy by the LIBRA team. Despite the intriguing associations and timing, the anonymity of the involved wallets raises questions about the creators’ identities. This situation further intensifies the controversies surrounding the LIBRA token, particularly as it faces legal scrutiny and political ramifications.

Original Source: protos.com