We need to stop normalizing pump and dumps in crypto. The President of Argentina just promoted a crypto project, publicly. And a small group of insiders used that to cash out over 100 million dollars in two hours, making price collapse 97%. A classic pump and dump. The Milei administration should disclose the identities of everyone involved. All financial agreements should be made public. And the government should appoint a forensics team to map on-chain activity and identify those who benefited from it. What I guess happened is Milei was approached by an indivual who convinced him of promoting the Libra coin in exchange of financial benefits, either for himself, for Argentina, or for both. And Milei agreed without fully understanding what he was getting into, without adequate due dilligence or controls. The Libra team (seemingly led by @KIPprotocol) then launched a low effort shitcoin, which Milei promoted, sending price flying. The team and insiders then proceeded to rape investors, cashing out millions in the following two hours, making price collapse. I am Argentine and (until today) a strong Milei supporter. I had not felt this left of disgust with crypto since SBF fucked the entire industry.