Reports indicate that the LIBRA team may have launched two new Argentinian tokens, MILEI and ARG, closely linked to the LIBRA token associated with Javier Milei. Evidence from Blockworks’ Fernando Molina highlights similarities in their creation and funding. Legal implications follow the promotion of the earlier token, raising concerns over investor rights and accountability.
Recent reports suggest that the LIBRA team may have launched two additional Argentinian crypto tokens, named MILEI and ARG, concurrently with the Javier Milei-associated LIBRA token. Insights from Fernando Molina, Senior Data Engineer from Blockworks, indicate a potential last-minute effort to rename LIBRA to ARG, given the similarities in their properties.
Molina points to several characteristics shared among the three tokens, including their funding by various creator accounts via the FixedFloat cryptocurrency exchange and the use of the Meteora liquidity pool for deposits, all standardized at 108 tokens. Although ARG contains distinct metadata compared to LIBRA, both tokens feature almost identical logos.
Molina argues that MILEI is likely the product of the LIBRA team, ostensibly developed as a test for the eventual launch of the Milei-associated token. The launch times are telling; MILEI debuted minutes before LIBRA, whereas ARG emerged shortly thereafter, prior to Milei’s LIBRA announcement. Pagina, an Argentine publisher, has noted the anonymity of the wallets facilitating token funding, suggesting that “this data is not enough to confirm that the same people are behind each launch.”
In February, Milei endorsed the contentious token, which subsequently led to a significant loss for investors, transforming the incident into a political controversy. Currently, lawsuits involving firms linked to the LIBRA launch, including Meteora, are being adjudicated in New York’s Supreme Court. For additional insights and updates, individuals can connect via email or follow various social media platforms.
The emergence of the MILEI and ARG tokens potentially by the LIBRA team raises significant questions regarding their origins and connections to Javier Milei. Despite common funding sources and metadata similarities, the ambiguity surrounding the creators remains a point of contention. This situation has not only prompted investor losses but has also escalated into legal disputes involving major firms in the cryptocurrency sector.
Original Source: protos.com
