Big news in the world of cryptocurrency! A new coin called LIBRA had a super fast rise and fall, losing billions of dollars in value in just a few hours. Some people think it was a scam, where some people secretly made money before others could buy it. This all happened on Solana, a type of blockchain.
- LIBRA, a new cryptocurrency, quickly lost a lot of value.
- The President of Argentina briefly supported LIBRA, then deleted his tweet.
- People lost a lot of money because of the sudden drop.
- Experts are discussing ways to make sure this doesn't happen again.
- A co-founder of a company called Meteora resigned after the event.
| Fact | Number |
|---|---|
| Money lost in LIBRA crash | $4.4 billion |
| Money siphoned from LIBRA's pool | $107 million |
