Trader Leaves Crypto Permanently After Losing $10,000 to LIBRA
A Chilean trader lost $10,000 in the LIBRA meme coin rug pull, which was promoted after a tweet by Argentine President Javier Milei, causing him to quit crypto.Summary
Alfonso Gamboa Silvestre, a 25-year-old trader from Chile, permanently left the cryptocurrency industry after losing $10,000 in the LIBRA meme coin rug pull. The frenzy began after Argentine President Javier Milei posted a verified tweet endorsing the token on Valentine's Day last year, leading Gamboa Silvestre to invest $5,000 initially, and then doubling down. He believed the token would follow the success of others endorsed by figures associated with Donald Trump, but the price plummeted, resulting in a total loss of $10,000.
Gamboa Silvestre, who had been active in crypto since 2016 and previously profited from tokens like TRUMP and MELANIA, stated that the LIBRA incident caused him to lose confidence and abandon a career he enjoyed. He is now one of 212 investors seeking reparations in a class-action lawsuit against Milei in Argentina, despite the President offering varying explanations for his involvement, ranging from claiming he was scammed to stating he had the right to sell his opinions.
Data from exchanges like Ripio contradicts Milei's claims that only a few Argentines were affected, showing over 1,300 citizens lost money, with international investors also impacted. A separate US lawsuit targets Hayden Davis, CEO of Kelsier Ventures, as the alleged mastermind behind the project.
(Source：BeInCrypto)