Crypto scandal: how was the $ Libra operation and what link Javier Milei had

How was the operation of the $ Libra cryptocurrency and the role of Javier Milei

In the last hours, thousands of versions and data on social networks. But it was the programmer and professor Maximiliano Fortman, who could discover the failures in the $ LIBRA operation.

Through a post in the social network X (former Twitter), Firtman detailed the step by step of the $ Libra maneuver and the role of Javier Milei in the events that occurred during the last 48 hours.

At the end of the post, Fortman clarifies: “It gives me a lot insult of the moment.

And he added: “It is not enough to say that you had not internalized, Javier. Neither close. You cannot be so turn on the action and so irresponsible for the reaction.”

THE OPERATORY OF THE CRIPTOMONEDA $ LIBRA

• A scam of between 70 and 100 million dollars occurred that involved Javier Milei.
• They scammed about 40,000 crypto wallets that trusted Javier Milei published.
• The president published in X and Instagram an launch message of a cryptocurrency (Token in the Solana Red) with a clear support for the project.
• It was not a memecoin (like Trump’s): it was presented as a private investment project in Argentine companies with the name $ Libra. Memecoin are already sold as a “game” and not a serious investment but here it was raised as something serious.
• The website of the project and the cryptocurrency were created a few hours before the publication, which marks a clear organization with the day and time when the president had to publish it. It was not a message that passed or that he saw and seemed interesting. It seems clearly orchestrated.
• The president did not retweate the publication or announcement of the company, it was he who announced the project from nothing. In fact, the company published something just at 3 hours when it was already a scandal. The implicit message was: To support Argentina, you have to buy this crypt that later (without warning how) will invest in projects in the country.
• The president included the direction of the intelligent contract of the cryptocurrency (it would be like leaving the CBU where you have to send money) because being new was not listed to buy anywhere. The publication follows the techniques of payments or payments of this type of tokens.
• Ripio (Exchange Cripto Argentino) primeraó and threw it in its app to be able to buy easy.
• The entire crypto community and most of those who support the government supported and wanted to believe the idea for several hours that Javier Milei’s account had been hacked because they all saw that it was a scam.
• Anyone can create a cryptocurrency with about $ 200 in 15 minutes, but nobody is going to buy it. Trust is needed and that people find out; Here the president gave it.
• The project’s website has very little information, a Gmail (unprofessional) email and is called “Long live the Freedom Project” mentioning that it is all in honor of Javier Milei’s ideas who, I insist, was the one who gave the project announcement . No one knew about this project until the president’s publication.
• The company behind the project is Kip Network INC, a company registered in Panama.
• In this cryptocurrency the founders had 70% of the currency (the usual is 10-15%). The currency was worth US $ 0.000001.
• When Milei advertised her, people started buying it, and reached US $ 5.20.
• The president set the publication for several hours, which means that it was its most important publication and the one you saw if you entered his profile as prominent. Something usual when there is an advertising contract.
• There were bots and accounts buying just what marked that there were people who had the data that was going to come out and prepared.
• They made a pull rug, when there were enough investors who put money, the founders “threw the carpet” and left everyone on the floor and the currency had a quick and abrupt fall in their price for more than 85% to values ​​closer to $ 0 and a few accounts took the profit calculated between 70 and 100 million dollars.
• There is a modus operandi of this known fraud between celebrities and influencers where they take a percentage or payment for having made the promotion. It will be necessary to investigate whether there was something like that directly or indirectly via the president’s advisors or friends.
• The CEO of this company, Julian Peh, had a meeting with the president in October last year at Techforum, where Kip was a sponsor and the president was speaker since one of the organizers was sponsor of the president for several years in his account of his account Instagram with your trading classes.
• Techforum was a very questioned event, many sponsor companies and speakers with photos with the president of doubtful quality in the crypt world (read Ponzis and scams). The two organizers of the event (an alleged friend of Milei) with complaints of organizing Ponzis.
• Javier Milei, four hours later, erased the tweet and left a message where he said that “he has no link”, that it was a tweet like so many others that he does and that he had not “internalized from the details of the project.” He did not apologize or seem to assume any kind of responsibility.
• Without the president’s publications the scam could not happen because no one knew the cryptocurrency or was going to invest in it. Publications were necessary.
• Javier Milei had already published scams crypt before, the best known that of Coinx when he barely assumed as a deputy, of which he did not apologize or assumed any responsibility. There he had accepted that he had charged for advertising, no less than $ 10,000. Again, a little before his political career, he advertised in X the Token $ vulc of his sponsor in Ig and co -founder of Techforum Novelli for an alleged Vulcan video game, something that was also then denounced as scam and went to zero.
• Techforum (the crypto event where the president met this company and presupposed the resolving began there) returned in April and again the president joined a few days ago with another sponsor of this event whom the president presented as someone who advised him In blockchain and ia but nobody knows it worldwide. Adorni is going to be speaker and was the first confirmed, marking again the great support of the president to the organizers of this event.