A cryptocurrency token launched with the endorsement of former New York City Mayor Eric Adams has become the latest political crypto project embroiled in scandal, following the revelation of nearly $1 million in suspicious liquidity movements. On-chain analytics firm Bubblemaps identified a wallet linked to the NYC token’s deployer executing transactions that left approximately $932,000 in USDC unaccounted for, casting a shadow over the token’s charitable mission and highlighting a recurring pattern of manipulation in politician-backed digital assets.
about NYC Token Scandal: $1M Liquidity Manipulation ExposedLibra
0 in Finance and 0 in Crypto last weekLibra Wallets Shift $61.5M to Solana Amid Fraud Probes
Wallets linked to the controversial Libra memecoin project have executed a strategic $61.5 million rotation into Solana after draining the final $4 million of liquidity from their failing token, according to on-chain data and blockchain analysts. This substantial fund transfer occurs amid active fraud investigations in Argentina and the United States, raising critical questions about political connections, investor protection, and the challenges of cross-border crypto enforcement as authorities struggle to keep pace with rapid asset movements across blockchain networks.
about Libra Wallets Shift $61.5M to Solana Amid Fraud ProbesLibra Wallets Buy $61.5M Solana Amid Fraud Probes
Despite facing asset freezes and ongoing fraud investigations, cryptocurrency wallets linked to the controversial Libra token have executed a massive $61.5 million purchase of Solana, raising serious questions about regulatory effectiveness in the decentralized finance space. The transactions, tracked by blockchain data platform Onchain Lens, reveal how the Libra team withdrew nearly $4 million in liquidity from their failed memecoin before rotating funds into SOL during a market dip, demonstrating continued financial maneuverability despite legal scrutiny.
about Libra Wallets Buy $61.5M Solana Amid Fraud ProbesArgentine Judge Freezes Funds in Libra Meme Coin Scandal
An Argentine judge has frozen assets connected to the Libra meme coin scandal following revelations of potential indirect payments to public officials. The investigation centers on Kelsier Ventures CEO Hayden Davis, who transferred $507,500 via crypto exchange Bitget shortly after President Javier Milei posted a selfie with him. Prosecutors suggest the timing and circumstances could indicate attempts to influence government officials, marking another chapter in the controversial token’s rapid rise and collapse.
about Argentine Judge Freezes Funds in Libra Meme Coin ScandalBinance Partners with Buenos Aires for Crypto Education
Binance, the world’s largest cryptocurrency exchange by trading volume, has forged a formal partnership with the Buenos Aires city government to promote responsible digital asset adoption. The collaboration, announced in a joint statement, will focus on educating citizens and small businesses about safe crypto usage through programs, awareness campaigns, and exclusive benefits. This initiative arrives as Argentina battles hyperinflation that has driven many toward stablecoins, and follows recent crypto controversies involving President Javier Milei and a volatile meme coin.
about Binance Partners with Buenos Aires for Crypto EducationMeteora Co-Founder Accused in 15 Token Scam Scheme
Benjamin Chow, co-founder of Solana-based decentralized exchange Meteora, faces explosive new allegations of orchestrating 15 separate token scams in a revised class-action lawsuit filed in New York federal court. The complaint claims Chow, Meteora, and Kelsier Ventures used celebrity associations with figures like Melania Trump and Argentine President Javier Milei to lend credibility to coordinated pump-and-dump operations that allegedly generated over $100 million in profits for insiders while leaving retail investors with catastrophic losses.
about Meteora Co-Founder Accused in 15 Token Scam SchemeMeteora Airdrop Sparks Controversy Over Trump-Linked Wallets
Meteora’s highly anticipated MET token airdrop has ignited significant controversy after blockchain data revealed wallets connected to both Melania and Donald Trump meme coins received over $5.4 million in tokens. The distribution occurred despite the project’s public commitment to blacklisting “malicious bad actors” and unfolds against a backdrop of ongoing legal troubles involving former leadership. Crypto market observers are questioning the integrity of the airdrop process as fraud allegations and class action lawsuits continue to shadow the project’s ecosystem.
about Meteora Airdrop Sparks Controversy Over Trump-Linked WalletsMeme Coin Lawsuit Targets Meteora Founder, Spares Trump & Milei
A new class action lawsuit alleges Meteora founder Benjamin Chow orchestrated the notorious MELANIA and LIBRA meme coin schemes, explicitly absolving public figures Melania Trump and Javier Milei from culpability despite their promotional roles. The legal filing paints Chow as the mastermind behind a coordinated operation that launched at least 15 tokens following identical pump-and-dump blueprints, using celebrity endorsements as mere “window dressing” for what plaintiffs describe as a “coordinated liquidity trap.”
about Meme Coin Lawsuit Targets Meteora Founder, Spares Trump & MileiMelania Trump’s Meme Coin Surges After AI Video Post
First Lady Melania Trump’s official Solana meme coin, MELANIA, surged nearly 7% after she promoted an AI-generated video from the token’s official account, briefly pushing the price to $0.191. Despite this temporary boost, the token remains a staggering 99% below its January peak of $13.05, while controversy continues to swirl around the project’s team allegedly extracting millions from community funds without explanation.
about Melania Trump's Meme Coin Surges After AI Video PostCrypto Comedian Raises $150K for ‘The Max Extractor’ TV Pilot
Gabriel Haines, the crypto personality known for his shirtless rants on X, has secured $150,000 in funding to produce “The Max Extractor,” a dark comedy TV pilot that blends cryptocurrency trading with criminal drama. Inspired by real industry scandals including the $251 million collapse of the Libra token promoted by Argentine President Javier Milei, the series aims to provide an authentic look at crypto’s underbelly while entertaining audiences with its intricate blockchain storytelling.
about Crypto Comedian Raises $150K for 'The Max Extractor' TV PilotCircle Considers Reversible USDC Transactions
Circle, the publicly traded issuer of the USDC stablecoin, is considering a fundamental shift that could reshape its role in digital finance: enabling reversible transactions. This exploration, confirmed by Circle President Heath Tarber to the Financial Times, directly challenges the blockchain principle of immutability—the idea that finalized transactions cannot be altered. The move is aimed squarely at making USDC more palatable and functional for traditional finance players who rely on chargeback and fraud reversal mechanisms, potentially catalyzing deeper integration between the two worlds.
about Circle Considers Reversible USDC TransactionsStripe’s Tempo Blockchain Sparks Decentralization Debate
Christian Catalini, former Libra architect, has publicly criticized Stripe’s Tempo blockchain for compromising on decentralization—a core tenet of cryptocurrency. Drawing from Libra’s failure, Catalini explains that corporate blockchains face inherent incentive problems that ultimately lead to centralized control, despite technological promises. He argues that projects like Tempo sacrifice permissionless access and user sovereignty to meet regulatory demands, essentially recreating traditional financial structures with blockchain technology. Catalini warns that if Tempo succeeds, it would validate a centralized future for crypto, where fintech giants replace existing financial institutions rather than truly decentralizing finance. He concludes that this represents either crypto’s pragmatic evolution or its failed revolution, depending on whether one views centralized corporate chains as inevitable adaptation or fundamental betrayal of crypto’s original purpose.
about Stripe's Tempo Blockchain Sparks Decentralization Debate