On February 14, 2025, Javier Milei, the President of Argentina, posted on social media in support of the Viva La Libertad project and its cryptocurrency token issued under the trading ticker symbol $LIBRA. The stated purpose of the project was to “boost the Argentine economy by funding small projects and local businesses.” In the next forty minutes, according to transaction and blockchain analysis, trading activity reached a volume of $1.5 billion, and the price of the coin increased from $0.216 to $5.54, peaking at a market capitalization of $4.5 billion. Shortly thereafter, the price of the $LIBRA coin declined rapidly to a fraction of its peak value. The day after the launch of $LIBRA, President Milei deleted his earlier posts and disavowed the project. Shortly thereafter, the price of $LIBRA fell to near zero. In the end, a total of 75,000 investors lost a total of more than $280 million in funds invested in $LIBRA.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE $LIBRA CRYPTOCURRENCY, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER FOR YOUR LOSS
The Treanor Law Firm launched its investigation to determine whether retail investors were misled by false representations and manipulative trading and whether such misconduct was responsible for any of the financial losses incurred. “A key mission at the Treanor Law Firm is to seek justice for investors who are victims of increasingly sophisticated crypto investment fraud schemes” said Timothy J. Treanor, Managing Principal at the Treanor Law Firm. “We are committed to thoroughly examining the actions of the $LIBRA coin developers and associated parties to determine if their practices violate any laws and harmed those who trusted in the representations of the developers and supporters and the integrity of the market.”
How to Protect Your Financial Interests: For additional information about potential claims on behalf of cryptocurrency investors, please contact the Treanor Law Firm at info@treanor-law.com.
For more information, please visit the firm’s website at www.treanor-law.com or contact the Treanor Law Firm at info@treanor-law.com or (212) 858-9080.