Argentine President Javier Milei reported that he launched an investigation into the launch of the $ Lilbra token. The step came to the agenda after the abolition of the social media post after the concerns about the legitimacy of the project.
Investigation process
According to the Presidential authority, the relevant financial transactions and the actions of all actors will be examined in detail within the scope of the investigation. The aim of the study was to determine whether no public officials have made inappropriate movements.
Javier Milei: “We hope to determine that no person in public office shows inappropriate behavior.”
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Küp Protocol stated that the $ LIBRA token did not take a direct role in the launch process and that the transactions were completely carried out by Kelsier Ventures. The company added that it only provides technical infrastructure support and did not make financial profits after the launch.
Küp Protocol: “Contrary to our claims about the project, we have only provided technical support.”
Financial transactions and other comments
The special investigation unit created within the Presidency will evaluate the relevant financial records and other data in detail. Within the scope of the examination, the fluctuations in market activities and some purchase and sale movements realized from the inside will also be taken into consideration.
Some names in the crypto industry also warned. Binance founder Changpeng Zhao drew attention to the financial risks that may be experienced in famous supported projects.
Changpeng ‘CZ’ Zhao: “I believe that misleading promotions can pose financial risks.”
The data obtained in the final stages of the investigation will be presented to the authorized authorities. Although the price of LIBRAKEN gives the recovery signals despite the fluctuations, the results of the investigation are expected to affect the process.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
