A document discovered on the phone of intermediary Mauricio Novelli reveals a $5 million payment agreement linking Argentine President Javier Milei to the LIBRA token project, involving three installments tied to public endorsements and consulting contracts. Prosecutors consider it key evidence in the ongoing crypto scandal.
Renowned crypto trader LeBron, known for profitable bets on $MELANIA and $TRUMP, suffers a $84,000 loss on $ONE tokens. His $110,000 investment now valued at ~$12,000, a 76% decline.
Ye's Solana-based YZY meme coin surged 6,800% in 40 minutes before collapsing to a fraction of its peak, as on-chain data shows over 93% of supply held by top 10 wallets, sparking insider manipulation claims.
Kanye West's Solana-based meme coin YZY surged 6,800% to a $3 billion market cap within 40 minutes, then collapsed to around $345 million. On-chain data shows 93% supply held by top 10 wallets, raising insider manipulation concerns.
Kanye West’s Solana-based YZY token surged after launch, briefly reaching an estimated $3 billion market cap before sharply reversing. Onchain data, concentrated holdings, and a one-sided liquidity design have fueled concerns over insider control and market manipulation.
Kanye West-backed Solana meme coin YZY surged after launch, briefly touching a $3 billion valuation before falling sharply. Onchain data showing extreme token concentration and a single-sided liquidity setup fueled concerns over insider control and market manipulation.
Bitwise Alpha Strategies Head Jeff Park stated that memecoin rug-pulls may not always be illegal, depending on facts. If classified as commodities rather than securities, insider trading charges are inapplicable, but market manipulation or fraud may still apply. Argentine President Milei faces impeachment over LIBRA promotion.
Bitwise's Jeff Park suggests memecoin rug-pulls aren't always illegal, highlighting that if tokens are commodities, insider trading charges don't apply. The LIBRA crash case could escape legal action if no market manipulation is proven.
