Big trouble hit a new cryptocurrency called Libra! It was backed by Argentina's president, but things went wrong quickly. Lots of people lost money because some people secretly took out a lot of the money early, causing the price to crash.
- Libra's value dropped by $4 billion!
- Some people who knew about the secret money took out $107 million.
- Around 75,000 people lost about $286 million.
| Problem | Number |
|---|---|
| Total money lost | $4 Billion |
| Secret money taken | $107 Million |
| People who lost money | 74,698 |
Experts say that cryptocurrencies need better rules to protect people's money. They suggest things like keeping some money locked up so no one can take it all out at once. This whole situation shows how important it is to be careful when investing in new cryptocurrencies.
