Big news in the world of cryptocurrency! A new coin called Libra, backed by an Argentine president, zoomed up in value, then crashed super fast. It lost a huge amount of money in just hours!
- Libra's price went way up, then plummeted (dropped very quickly).
- Some people who knew about Libra before it launched made a lot of money before the crash.
- Experts warned about problems with Libra before the crash.
- The president who supported Libra is facing questions.
| Fact | Number |
|---|---|
| Money lost by investors | $4 billion |
| Percentage drop in Libra's price | 94% |
| Money made by insiders | $107 million |
This shows how risky investing in new cryptocurrencies can be. Remember, it's important to be careful and do your research before investing your money!
