- Portnoy returned 6 million Libra symbols after concern over openness in campaigns
- An investigation coupled Libra and Melania token projects that reveal transfers between chains
The controversy around the wave Meme continues to develop as Argentina President Javier Milei element Intensive review. In fact recently, milei in public denied To know about the deceptive nature of the wave, a cryptocurrency that he originally approved.
As expected, the wave, which briefly increased in popularity before he collapsed, became the center of a fraud.
Ongoing wave Memecoin Scandal
Addition to the controversy came Barstool Sports founder Dave Portnoy forward and revealed that he returned 6 million wave to the founder of the project, Hayden Davis.
In a new one X Spaces Event On February 16, Portnoy revealed that he received about 6 to 6.5 million wave as compensation to promote Memecoin on social media.
But because Davis asked him not to reveal that he was paid for the campaign, he returned tokens. He said,, he said,
“I can’t accept coins if you are not f ***** g Let me say you gave me coins and I’m part of the project. So I literally sent the coins back. Everything happens before any of this shit – before I knew this was a disaster. “
Of course, this situation has further raised questions about the legitimacy of Memecoin projects and their approval.
Is there more to the story?
Portnoy also revealed that he bought further Libra tokens and acknowledged that he held them, even when their value sank. In fact, he stopped contact with founder Hayden Davis as the project developed.
Despite the chaos, however, Portnoy believes that Davis probably did not intentionally orchestrated a carpet. He even speculates that Argentine President Javier Milei’s sudden withdrawal of support contributed to the collapse.
How is $ Melania involved in this controversy?
At the same time, a joint investigation of Blockchain Analytics platform bubble papers and investigators at the chain Stephen Findeisen (Coffeezilla) on the chain that linked the failed valescent to another controversial project, Melania-A sign that the same unit was behind both.
On x, Bubblemaps notedThe
“After analyzing transfers between chains and time patterns, we are very confident that this is the case.”
In addition, the investigation revealed a complex web of interconnected wallet activities between the wave and the Melania projects and showed how one project’s funds funded the other through transfers between chains.
What is next?
Libra Memecoin has greatly decreased as a result of these accusations. According to Dexscreener, It acted at $ 0.3500 at the press time after falling by 13.84% over the past 24 hours
As expected, this has further deepened the uncertainty about an already controversial situation, with investors and industry experts who are now questioning the real nature of these projects and their broader consequences for the crypto gym.
