Big news from Argentina! President Milei supported a new cryptocurrency called LIBRA, but things went wrong quickly. It was a very risky investment, and many people lost a lot of money. Let's learn what happened.
- LIBRA, a new cryptocurrency, was promoted by Argentina's president.
- The coin's value crashed, losing almost all its worth in hours.
- Some people who knew about the coin early made a lot of money before the crash.
- There are legal problems for the president and others involved.
| Fact | Number |
|---|---|
| LIBRA's highest value | $4.5 billion |
| Money lost by investors | Billions of dollars |
| Money made by early investors | About $107 million |
| Dave Portnoy's loss (before compensation) | $5.34 million |
