In early 2025, the cryptocurrency landscape was jolted by a significant security breach:
Bybit's $1.4 Billion Ethereum Heist
On February 21, 2025, Bybit, a prominent cryptocurrency exchange, suffered a massive security breach resulting in the theft of approximately $1.4 billion worth of Ethereum. The attackers employed a sophisticated phishing scheme, creating a counterfeit interface that mimicked Bybit's wallet management platform. This deception led executives to inadvertently authorize a transfer of over 400,000 ETH to an unknown wallet. In response, Bybit assured users of its solvency, stating that all client assets remained backed 1:1. The exchange replenished its reserves through strategic acquisitions and loans, securing the necessary funds to restore its holdings.
Implications of the Breach
This incident underscores several critical issues within the cryptocurrency ecosystem:
Security Vulnerabilities: The breach highlights that even established platforms are susceptible to advanced phishing and social engineering attacks.
Market Volatility: Following the hack, the crypto market experienced heightened volatility. Bitcoin, for instance, saw a decline of over 13%, dropping from $106,000 to $92,000, influenced by both the breach and broader geopolitical concerns.
Regulatory Scrutiny: Such high-profile incidents are likely to attract increased attention from regulators, potentially leading to stricter compliance requirements for exchanges.
Future Outlook
In the wake of this event, several developments are anticipated:
Enhanced Security Measures: Exchanges are expected to invest more in advanced security protocols, including multi-signature wallets and real-time monitoring systems, to prevent similar breaches.
Industry Collaboration: There's likely to be a push for greater collaboration among cryptocurrency platforms to share threat intelligence and develop unified security standards.
User Education: Educating users about potential threats and safe practices will become a priority to mitigate risks associated with phishing and other social engineering attacks.
Guidance for Users
In light of these developments, users are advised to:
Exercise Caution: Be vigilant about unsolicited communications and always verify the authenticity of platforms before engaging.
Utilize Hardware Wallets: Storing significant amounts of cryptocurrency in hardware wallets can provide an added layer of security against online threats.
Stay Informed: Regularly update yourself on security best practices and remain aware of potential vulnerabilities within the platforms you use.
The Bybit incident serves as a stark reminder of the evolving challenges in the cryptocurrency space. As the industry matures, both platforms and users must proactively adapt to safeguard digital assets.
#BYBITHacks #bybit #Write2Earn #CryptoScandal

Senate Abolishes Primary Elections, Strengthening Milei’s Position
On Thursday, the Argentine Senate voted to abolish primary elections, marking a significant legislative victory for President Javier Milei at a time when he is facing intense scrutiny over his role in a crypto rug pull scandal that wiped out $4.6 billion from the market.
The vote ended 43 in favor, 20 against, and six abstentions. Argentina’s unusual electoral system previously required mandatory primary elections, often causing market volatility months before the general elections. Removing them may help Milei maintain political stability ahead of crucial midterm elections.
Crypto Scandal: Milei Under Fire for $LIBRA Rug Pull
Milei’s troubles began last Friday, when he shared a post on X linking to a website promoting the meme coin $LIBRA. The post triggered a buying frenzy, pushing the token’s price sky-high, only for it to crash within hours.
Enraged investors accused Milei of involvement in a rug pull scheme, a classic pump-and-dump strategy where early insiders cash out for profits, leaving later buyers with worthless tokens.
Impeachment Threat and Corruption Investigation
Milei’s political opponents quickly filed multiple fraud lawsuits, demanding an official impeachment inquiry into his alleged role in misleading the public for financial gain.
However, Milei denied any wrongdoing. In a Monday interview with Todo Noticias, he insisted that he never endorsed $LIBRA, claiming that his post was merely "a share, not a promotion" and that he deleted it as soon as he realized he was unfamiliar with the project.
Meanwhile, Argentina’s Anti-Corruption Office has launched an investigation into whether Milei violated ethical regulations.
Adding to the controversy, a La Nación report revealed that Karina Milei, the president’s sister and closest advisor, held a private meeting with a consultant linked to the $LIBRA project.
Opposition senators attempted to subpoena Karina Milei for questioning, but their motion fell short by just one vote, highlighting Milei’s continued strong support within Congress despite the scandal.
Instead of Crisis Management – Milei Travels to the U.S.
Rather than staying in Buenos Aires to handle the growing crisis, Milei flew to Washington on Thursday, where he met with Tesla CEO Elon Musk.
During their meeting, Milei presented Musk with a chainsaw, symbolizing the deep budget cuts that define his presidency. Musk laughed, waving the engraved power tool, calling it a “chainsaw for bureaucracy.”
Milei’s Political Future at Stake
The upcoming midterm elections in October will determine half of the lower house of Congress and a third of Senate seats. Milei’s party currently holds just 6 out of 72 Senate seats and around 15% in the lower chamber.
Abolishing primary elections could help Milei preserve stability and consolidate power. Despite the scandal, his approval rating has remained stable—dropping only 1% to 48.4%, while his disapproval rating increased by 2% to 50%, according to a Trespuntozero poll.
How Will the $LIBRA Scandal Impact Milei?
The biggest question now is whether Milei’s administration can survive another crisis. Argentina’s recent election history suggests that economic turmoil can heavily influence political outcomes.
In 2019, then-President Mauricio Macri suffered a major electoral defeat, causing the Argentine peso to collapse.In 2023, Milei’s own primary victory led to an overnight currency devaluation by his predecessor.
Now, without primary elections to disrupt markets, Milei is betting on a more controlled transition into the midterms. However, the $LIBRA scandal remains a lingering wound, as the Anti-Corruption Office investigates whether he violated ethical or financial regulations.
🔴 Summary:
The Argentine Senate abolished primary elections, strengthening Milei’s position.Milei is facing fraud allegations over his involvement in promoting meme coin $LIBRA, which later crashed.Opposition senators failed to initiate an investigation into his sister Karina Milei by just one vote.Instead of addressing the crisis, Milei flew to the U.S., where he met Elon Musk.The long-term impact of the scandal remains unclear, but it could influence Milei’s political future.
📉 What do you think? Will the scandal hurt Milei, or will he manage to overcome it? 💬

#JavierMilei , #CryptoScandal , #argentina , #CryptoNewss , #CryptoScamAlert

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A Crypto Fraud of the Century? How Insider Trading and Liquidity Manipulation Cost Retail Investors Billions
Valentine’s Day 2025 was supposed to be just another day on the crypto market. Instead, it became one of the biggest frauds in Solana’s history since the FTX collapse.
📌 A new meme coin, LIBRA, was minted within minutes and immediately endorsed by Argentina’s President Javier Milei.
📌 Its price skyrocketed to a market cap exceeding $4 billion, only to collapse by almost 95% in a matter of hours.
📌 Retail investors lost billions, while insiders walked away with massive profits.
This fraud involved key crypto firms within the Solana ecosystem – Kelsier Ventures, Meteora, and Jupiter. Let's break down the full story step by step.
The Birth of LIBRA: Political Endorsement and a Rapid Rise
How LIBRA Became a Rapidly Rising Scam
LIBRA’s launch was different from other meme coins – it wasn’t just another crypto hype, but a carefully orchestrated project with political overtones.
📅 On February 14, at 21:38 UTC, the token was minted on the Solana blockchain.
📢 Just 30 minutes later, Argentina’s President Javier Milei publicly endorsed the token on social media.
🌐 He linked to a website – vivalalibertadproject.com – which closely resembled his political movement, La Libertad Avanza.
His post triggered massive FOMO (fear of missing out) among investors, leading to an immediate buying frenzy.
🚀 LIBRA’s price surged to $4.55, pushing its market cap above $4 billion.
📉 But then came the crash – the token lost 95% of its value within hours.
Who Profited, and Who Lost?
🔹 Only 14% of traders ended up in profit.
🔹 The most successful wallet walked away with $6.5 million.
🔹 Retail investors collectively lost over $251 million.
Milei’s Mysterious Silence and Deleted Posts
As soon as LIBRA collapsed, Milei deleted his post and claimed he had no connection to the project.
💥 Argentina’s opposition immediately accused President Milei of financial fraud, calling for his removal.
💬 Former President Cristina Fernández de Kirchner stated: “Thousands who trusted him lost millions, while a select few made a fortune with privileged information.”

Kelsier Ventures and Hayden Davis: The Architects of Fraud?
As the crypto market reeled from the chaos, all eyes turned to Hayden Davis, CEO of Kelsier Ventures – a key figure behind LIBRA.
💰 Blockchain analysis revealed that wallets connected to Kelsier Ventures were among the first to accumulate LIBRA before Milei’s endorsement.
📈 These wallets dumped their holdings at the price peak while the public was rushing to buy.
Davis denied any wrongdoing but admitted that his firm controlled more than $100 million related to LIBRA.
“It’s Argentina,” he casually remarked in an interview, attempting to justify his involvement.

Meteora: A Key Player in Liquidity Manipulation
Meteora had long been considered a trusted liquidity provider within Solana’s DeFi ecosystem.
🚨 Unlike typical meme coins, where developers provide their own liquidity, Meteora actively managed LIBRA’s liquidity pools.
📊 This gave it direct control over the token’s market behavior.
💬 DefiTuna founder Moty Povolotsky publicly accused Meteora of manipulating LIBRA’s price.
📁 Leaked chats suggested that Meteora used a liquidity structure similar to that of MELANIA – another token where they secretly took 1% from a $100 million liquidity pool.
🔹 Meteora co-founder Ben Chow resigned following public outrage.
🔹 He admitted to having connections with Kelsier Ventures and Davis.

Jupiter’s Silence Raises Questions
🔹 Jupiter did not directly manage LIBRA’s liquidity, but its decentralized exchange (DEX) was the primary platform for trading the token.
🔹 Jupiter and Meteora share the same founder – Meow.
💬 “I believe that no one at Jupiter or Meteora engaged in insider trading,” stated Meow.
However, on February 17, a wallet linked to a Jupiter employee was flagged for suspicious LIBRA trades made before the crash.
📁 Jupiter hired legal firm Fenwick & West, which had previously worked with FTX – sparking further controversy.
⚖️ Many saw this legal review as an attempt to cover up the scandal rather than reveal the truth.

The LIBRA Collapse and Its Impact on Solana
📉 SOL dropped from $205 to $161 in just four days, a 21% loss.
📊 Currently, SOL is trading around $172.
💬 The Solana community is blaming its leadership for ignoring repeated fraud within the ecosystem.
💥 Jupiter and Meteora are facing intense scrutiny over their involvement in previous shady projects like MELANIA and Trump Coin.
What Comes Next?
⚖️ So far, no official charges have been filed regarding LIBRA’s collapse.
📢 Solana, Jupiter, and Meteora have remained silent, while the crypto community demands answers.
🔎 Regulators are facing increased pressure to take action against liquidity manipulation and insider trading.
💡 Was this the biggest fraud on Solana since FTX, or just the beginning of something even bigger? 🚨

#solana , #Cryptoscam , #CryptoScandal , #libra , #FTX

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The LIBRA memecoin scandal, which collapsed shortly after being endorsed by Argentinian President Javier Milei, has reignited debates about the lack of regulation in the memecoin market.
According to Nic Puckrin, founder of Coin Bureau, the blame lies on regulators, who fail to intervene in the growing trend of fraudulent projects.
Regulatory Vacuum Fuels the Rise of Fraudulent Memecoins
Puckrin argues that the surge in celebrity and political memecoins is a direct result of the absence of regulatory oversight from institutions such as the Securities and Exchange Commission (SEC).
The lack of regulation creates a Wild West scenario in the memecoin market, where new tokens emerge without oversight or accountability.
📌 Hester Peirce, head of the SEC’s cryptocurrency task force, previously stated that memecoins do not fall under the SEC’s direct jurisdiction, leaving their regulation up to Congress and the Commodity Futures Trading Commission (CFTC).
"Memecoins Need Rules, or Frauds Will Continue to Happen"
According to Puckrin, the current situation is unsustainable. Without clear guidelines, scams like LIBRA will continue to happen repeatedly.
🗣 "The ecosystem cannot regulate itself. We need clear laws to ensure that token launches are fair and transparent."
📌 However, the SEC has distanced itself from memecoins, which Puckrin believes is making the situation worse:
💬 “Whether it's the Department of Justice or CFTC, someone needs to regulate this sector, or we will see more cases like LIBRA.”

Is the SEC Responsible for Crypto Chaos?
Many crypto enthusiasts blame Gary Gensler, the SEC chairman, for fighting the industry rather than regulating it effectively.
🔹 Zach Rynes, a Chainlink advocate, harshly criticized the SEC for focusing on politically motivated attacks instead of real crypto market problems.
🔹 Christopher Perkins, president of CoinFund, argued that memecoins are one of the few crypto assets with clear regulations, as they fall under commodity laws.
However, most jurisdictions still lack specific laws for memecoins, leaving them in a legal gray area.

How Could Regulators Approach Memecoin Oversight?
📌 Puckrin suggests that the U.S. Department of Justice should step in with better tools to crack down on wire fraud, money laundering, and market manipulation.
🔹 "The LIBRA scandal is terrible for the crypto sector, but it can also be a turning point. The crypto community should take a strong stance against fraudsters, and authorities should prosecute them to the fullest extent of the law."
📢 Do you think regulating memecoins would reduce fraud, or would it stifle innovation? Share your thoughts! ⬇️

#libra , #CryptoScandal , #memecoin , #scam , #MileiMemeCoinControversy

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

LIBRA: From Skyrocketing Success to a Devastating Crash
The latest memecoin craze, which gained momentum after the launch of TRUMP token backed by Donald Trump, may have reached its breaking point—the LIBRA token fiasco.
The project, built on the Solana blockchain and promoted by Argentinian President Javier Milei, saw its market cap soar to $4.5 billion, only to crash by over 80% within hours as insiders cashed out, leaving many retail investors with heavy losses.
The incident quickly became an international political scandal when Milei deleted his tweet endorsing LIBRA, denied any association with the project, and blamed the political opposition for manipulating the situation. Soon after, Argentina’s opposition party discussed impeachment, causing instability in the country’s stock market.
But the controversy deepened—leaked messages revealed that a key figure behind LIBRA claimed to have paid for access to Milei’s inner circle months before the token's launch and collapse.
🔥 Is This the End of the Memecoin Era?
Memecoin scams are nothing new, but this incident highlights the risks of unregulated trading. According to FRNT Financial, LIBRA could be a turning point for the entire sector.
📉 "At this point, memecoins are synonymous with ‘pump and dump’ schemes.” – FRNT Financial
Analysts suggest that interest in memecoins has been fading following the hype around TRUMP and MELANIA, with this latest controversy further damaging the sector’s reputation.
Chris Chung, founder of Titan, a Solana-based swap platform, emphasized the need for greater accountability in DeFi:
💬 "The $LIBRA fiasco should serve as a reminder that we in the DeFi community have a responsibility to make this space safer for users."
🔎 How the “Fiasko” Unfolded
The entire LIBRA saga played out within days, starting on February 14.
🔹 The token launched on Solana-based DEX Meteora, with Milei posting (and later deleting) a tweet claiming LIBRA was meant to help Argentina’s economy grow—a massive endorsement for a memecoin.
🔹 The token’s market cap surged to $4.4 billion within hours before insiders dumped their holdings, pocketing nearly $100 million, according to on-chain analysis.
🔹 The next day, Milei deleted his tweet, sparking panic among memecoin holders and triggering massive sell-offs in TRUMP, MELANIA, and similar tokens.
🔹 Solana (SOL), the blockchain supporting LIBRA, saw its native token drop as well.
🔹 The Argentine opposition called for Milei’s impeachment, intensifying the political fallout.
📉 The result? LIBRA wiped out $4.5 billion in retail capital within seven hours and now holds a market cap of just $500,000.
👀 Insider Trading and Controversial Figures
Several high-profile figures were linked to the LIBRA scandal, including Dave Portnoy, Threadguy, Hayden Davis, and FaZe Banks.
🔹 Portnoy admitted to being an early investor and claimed he was refunded, fueling speculation that insiders had an unfair advantage.
🔹 Davis, who was behind both LIBRA and MELANIA, denied it was a "rug pull", instead calling it "a plan that failed miserably."
Meanwhile, Ben Chow, co-founder of DEX Meteora, resigned on February 17 amid the controversy.

🚨 Shocking revelation: On February 18, leaked messages suggested Davis claimed he could "control" Milei due to alleged payments to Karina Milei, the president’s sister and a powerful figure in his administration.
⚠️ What’s Next for Memecoins?
This entire controversy suggests that the memecoin market is at a turning point.
🔹 Institutional investors are shifting focus to BTC and ETH, while memecoins remain the most volatile and unpredictable crypto segment.
🔹 Reputation damage and increased scrutiny could lead to declining interest in the sector.
Chris Chung warned:
💬 "This whole story is a massive setback for the crypto space. If we want to attract new retail users, this is NOT the way to do it."

#JavierMilei , #libra , #CryptoScandal , #CryptoNewss , #MileiMemeCoinControversy

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Speculations Finally Confirmed
For some time, there has been speculation that the meme coins $MELANIA and $LIBRA were created by the same team. Until now, solid proof was lacking. However, after a thorough analysis of on-chain transactions and timing patterns, it has become clear that this theory is true.
Suspicious Activity Surrounding $MELANIA
It all started when we analyzed the behavior of sniper bots at the launch of $MELANIA. One particular wallet caught our attention: P5tb4, which made over $2.4 million in profits during early trading. At first, this seemed like just another case of rapid profit-taking, but then we noticed something far more intriguing.
Where Did the Millions Go?
The profits from P5tb4 were transferred to another wallet – 0xcEA, which is linked to the creator of $MELANIA. This transfer was conducted via the USDC Cross-Chain Transfer Protocol (CCTP), a method commonly used for moving assets across blockchains.

How Is 0xcEA Connected to the Creator of $MELANIA?
There are several ways to link 0xcEA to the creator of $MELANIA. Based on our analysis, direct funding transactions and cross-chain transfers suggest a deliberate pattern rather than random movements.

From $MELANIA to $LIBRA – The Same Manipulation Pattern
Tracking the activity of 0xcEA led us to another significant discovery. Weeks later, we found that 0xcEA financed the DEfcyK wallet, which was responsible for creating $LIBRA.
Yes, this is the same creator of $LIBRA, who profited a staggering $87 million from this token.

Additional Profits: $6 Million from $LIBRA
But it doesn’t end there. 0xcEA also actively participated in the manipulation of $LIBRA. By using multiple side wallets funded through CCTP, the team was able to extract another $6 million, following a process similar to that used with $MELANIA.

Other Suspicious Tokens Linked to 0xcEA
Our investigation also uncovered that 0xcEA is linked to several other tokens that exhibit clear pump-and-dump characteristics. Among the most notable are:
$TRUST$KACY$VIBES$HOOD
Of these, $HOOD raises the most concerns, as over 90% of its supply is controlled by influencers (KOLs) who actively promote it.

Greed Knows No Limits: How the Creators Manipulated the Market
From what we have uncovered today, a clear pattern of greed and market manipulation emerges. The team behind $MELANIA and $LIBRA not only created tokens to extract value but also used insider knowledge to strategically dump them for maximum profit.
On $LIBRA alone, they extracted more than $100 million.

Who Is Behind These Projects?
Now, one final question remains:
Who exactly is responsible for launching these fraudulent tokens?
Could it be:
KIP Protocol?Kelsier Ventures?Hayden Davis?
📌 Watch the latest video from investigative journalist Coffeezilla to find out more! https://www.youtube.com/watch?v=EqizJTbxAEM
🚨 This case is a clear reminder of why investors must be extremely cautious when entering meme coin projects with unclear origins. A deep dive into on-chain transactions often reveals far more than meets the eye.

#Melania , #libra , #CryptoScandal , #CryptoNewss , #crypto

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The crypto world is wild, unpredictable, and sometimes downright bizarre. This past week, we've witnessed events that even Hollywood screenwriters couldn't dream up. From an unexpected live stream disaster, to a viral dog marketing stunt, and even political turmoil tied to crypto.
Here’s a breakdown of the six craziest moments that rocked the market!
1. NEAR Protocol’s Accidental NSFW Livestream – Token Pumps 6%
In the crypto world, any publicity is good publicity – and NEAR Protocol just proved that.
During a public conference call, a former NEAR Protocol manager accidentally live-streamed explicit content. What was supposed to be a routine meeting turned into an awkward viral moment that spread across the crypto space in minutes.
The result? NEAR’s token pumped 6%.
Apparently, in crypto, scandals make for bullish price action! 🚀📈

2. Vitalik Buterin Tweets About Communism – ETH Pumps 5%
Ethereum’s co-founder, Vitalik Buterin, is known for his deep thoughts on decentralization, but this week, he took things in a different direction. He tweeted:
🟥 "Make communism great again Milady." 🟥
ETH’s price immediately jumped by 5%.
Who would have thought that communism could be bullish?! 😆

3. CZ Doxxes His Dog "Broccoli" – BSC Goes Crazy 🐶🥦
Former Binance CEO Changpeng "CZ" Zhao pulled off a surprise marketing stunt by introducing the world to his dog, Broccoli.
The goal? Bring more liquidity to Binance Smart Chain (BSC).
And it worked like magic – within hours, over 1,000 "Broccoli"-themed meme coins were launched!
Turns out, even a dog can pump the crypto market. 🐕💰

4. Central African Republic President Launches a Token – Then It All Falls Apart 🌍💸
The President of the Central African Republic announced the launch of a new token via Twitter.
Investors rushed in, pumping its value to $500 million.
Then, suddenly:
🚨 The official Twitter account was suspended.
🚨 The project’s website went offline.
🚨 Concerns about token supply manipulation emerged.
Within hours, the token crashed 96% – another reminder that political crypto projects can be risky AF. 🤦‍♂️

5. Argentina’s President Milei Launches LIBRA – The Pump and the Dump
Argentine President Javier Milei launched a new token called LIBRA, which soared to a market cap of $4.5 billion in no time.
But what happened next?
👀 Developer wallets started draining liquidity, pulling out over $87 million.
📉 LIBRA’s price crashed by 90%.
This turned into one of the biggest crypto rug pulls of the year.

6. Impeachment Incoming? Milei Under Investigation for LIBRA
Just days after LIBRA’s collapse, rumors started flying about a possible impeachment for President Milei.
Independent crypto sleuths are investigating potential ties between Milei and crypto insiders who helped launch LIBRA.
The result? One of the biggest political-crypto scandals of the year – and possibly, the first-ever impeachment triggered by a meme coin. 🏛️🔥

What’s the takeaway?
This week in crypto was a rollercoaster of insanity, proving once again that this space has no rules, only vibes.
🔹 Scandals pump tokens.
🔹 One tweet can move markets.
🔹 A dog named Broccoli can spark a meme coin frenzy.
🔹 Politicians are jumping into crypto – and it’s not always ending well.
What do you think about this week’s craziness? Which event shocked or entertained you the most? Drop your thoughts in the comments! ⬇️💬

#CryptoScandal , #CryptoNewss , #nearprotocol , #JavierMilei , #VitalikButerin

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Notice: This article is for educational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry risks and may result in financial losses.