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BitcoinSistemi 2025-02-17 21:46:10

Watch Out: After Argentina, Another Country May Launch Fraudulent Memecoin, Don’t Fall For It

Watch Out: After Argentina, Another Country May Launch Fraudulent Memecoin, Don’t Fall For It

According to sources, the company behind the Libra memecoin scam backed by Argentine President Javier Milei was working on a similar project with Nigerian authorities, but following the Libra scandal, the project is now unlikely to move forward. The fallout from the Libra memecoin crash continues to grow, with multiple U.S. law firms, including Bruwick Law, announcing plans to file a class-action lawsuit against President Milei. Meanwhile, opposition parties in Argentina are considering impeachment proceedings, alleging that Milei and his associates were involved in a multi-million dollar cryptocurrency scam. One of the companies at the center of the controversy is Kelsier Ventures, a US-based firm with deep ties to the Libra token. Kelsier Ventures CEO Hayden Davis attempted to downplay the situation in a video interview today, arguing that memecoins are inherently risky investments. He also acknowledged that the industry is plagued by conflicts of interest but maintained that he was working on a solution for investors affected by the scandal. Related News: Experienced Analyst il Capo Shares the Movements He Expects in the Market in the Next Few Days: “For the Legendary Altcoin Season...” Davis also revealed that Kelsier Ventures was involved in the creation of Melania Trump’s latest memecoin (MELANIA), a claim supported by blockchain analysis platform Bubblemaps, which found wallet connections between the MELANIA and Libra projects. These revelations have sparked new speculation about Donald Trump’s own involvement in the memecoin space, although a direct connection has not been confirmed. According to exclusive information obtained by The Big Whale, Kelsier Ventures was also developing a memecoin project on the Solana blockchain in collaboration with members of the Nigerian administration. While there is no evidence that Nigerian President Bola Tinubu is directly involved in the project, sources confirm that members of Tinubu’s team are in talks regarding the initiative. “The project was well underway,” a source familiar with the matter said. However, the future of the project is now uncertain in light of the Libra controversy. The Nigerian case may not be an isolated incident. Kelsier Ventures has approached other governments about launching similar memecoin projects, according to the sources. *This is not investment advice. Continue Reading: Watch Out: After Argentina, Another Country May Launch Fraudulent Memecoin, Don’t Fall For It

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