Argentinian Lawyer Demands FBI and DOJ Investigate the Collapse of $LIBRA

An Argentine legal team has filed a complaint with the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI). This complaint is related to the consequences of a project named LIBRA. LIBRA is a type of digital currency introduced by Facebook (now Meta) for the first time in 2019. The project aims to create a new form of currency that can be used worldwide. Lawyers argue that the project has caused financial damage to the people, businesses, and government. They believe that this project is unfair and violates the law. Now, they want the US government to investigate this issue. What is LIBRA? LIBRA is a new cryptocurrency designed to be more stable by being backed by real assets like the US dollar or euro. With support from major companies like Facebook, PayPal, and Uber, it has attracted attention. However, governments and regulatory bodies quickly raised concerns about potential risks, such as enabling illegal activities or disrupting global financial control. Why is there the participation of an Argentine lawyer? Argentine lawyers have filed a complaint about the impact of LIBRA on the country's financial market. They argue that the project has caused confusion and damage, especially in a country struggling with economic challenges. The announcement of LIBRA has led to a surge and then a sharp decline in the token, shaking confidence in existing systems and causing financial losses for businesses and individuals. The lawyers claim that Facebook and related companies have not followed proper legal procedures, making the situation worse for the people of Argentina. What does the lawyer want? Argentine lawyers are calling on the US government to investigate Facebook and other companies involved in the LIBRA project, forcing them to take responsibility for any damages caused by their actions. This complaint has attracted attention not only for its legal implications but also for raising concerns about the increasing power of large technology companies. The case could set an important precedent for the regulation of digital currency and large technology companies in the future. Cryptocurrency scam $LIBRA: Lost 4.4 billion dollars in many hours The President of Argentina, Javier Milei, has launched a new cryptocurrency called $LIBRA, introducing it as a private initiative to help boost the struggling economy of Argentina. However, everything quickly turned for the worse when this currency experienced a catastrophic collapse just five hours after its launch, wiping out $4.4 billion in market value. This sudden collapse has left many investors stunned and raised concerns about the impact of the Libra currency scam, making people wary of the hidden risks in such cryptocurrency projects. The rapid loss has prompted many to question the feasibility of new currencies and their ability to support economies in crisis. What will be the next step for LIBRA? The LIBRA project was renamed to Diem after facing global criticism from governments and regulators. The project has been restructured to focus more on digital payments rather than creating a new global currency. However, the future of Diem remains uncertain, with regulatory challenges yet to be resolved. A complaint from Argentine lawyers has added to the ongoing debate about the role of tech companies in global finance, highlighting concerns about regulations and the impact of new technologies on people worldwide.