ChainCatcher news, according to The Block, the Argentine Chamber of Deputies has passed three bills to officially launch an investigation into President Javier Milei and related officials' involvement in the Libra meme coin controversy. The coin was issued by Kelsier Ventures in February, and Milei publicly promoted it on the X platform, claiming it would support local entrepreneurial projects. Subsequently, the coin's price surged to a market value of $2 billion before plummeting over 90%. Milei later denied any knowledge and withdrew his support, while the opposition called for impeachment. The prosecution has requested Interpol to issue a red notice for the project's CEO, Hayden Davis.

ChainCatcher news, according to a report by PR Newswire, the decentralized publishing and reading platform Libraro announced today that it has received additional investment from Ayre Ventures. Since securing initial seed funding in October 2024, Ayre Ventures' total investment in Libraro has reached £1 million (approximately $1.28 million).It is reported that the Libraro platform utilizes blockchain technology to protect authors' identities, prevent copyright infringement, and enhance the transparency of ownership and publishing rights. The platform deepens the connection between readers, authors, and publishers through a Web3 loyalty program.

ChainCatcher news, Coinbase's cryptography lead Yehuda Lindell tweeted that Coinbase has released an open-source cryptographic library for the MPC engine, supporting ECDSA and Schnorr/EdDSA protocols for both two-party and multi-party signatures, and providing tools such as DKG and backups. The code includes foundational primitives like commitments, random oracles, and secret sharing, as well as oblivious transfer and a series of ZK proofs, suitable for threshold signature tasks.

ChainCatcher news, according to a recent poll, nearly 58% of Argentinians expressed distrust in President Javier Milei after he became embroiled in a $4.6 billion Libra cryptocurrency scandal. "How much trust do you have in Milei after the cryptocurrency fraud scandal erupted over a month ago?" The polling platform Zuban Córdoba asked this question in its recently released March survey of 1,600 respondents, where 57.6% answered that they disapprove of him, while 36% stated that they still trust Milei.

ChainCatcher news, according to Cointelegraph, the law firm Burwick Law has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the issuance of LIBRA tokens. This class action complaint accuses the defendants of orchestrating an unfair token issuance campaign that misled purchasers and harmed the interests of retail investors.

ChainCatcher news, according to a post by Bubblemaps, despite being wanted by Interpol, LIBRA project leader Hayden Davis has launched a new token called WOLF.Last week, there were rumors that Jordan Belfort, known as the "Wolf of Wall Street," would launch his own token WOLF. WOLF has the same design as another token HOOD launched by Hayden Davis, while the creator of the WOLF token points to Hayden Davis's address.

ChainCatcher news, this week, after Argentine lawyer Gregorio Dalbon officially requested the international community to detain Hayden Davis, the Libra cryptocurrency scandal that has shocked Argentine politics has entered a new phase. This request was submitted on Tuesday to Chief Prosecutor Eduardo Taiano and Judge María Servini, asking Interpol to issue a red notice for the detention and extradition of Davis from the United States.Dalbon, who served as the proxy lawyer for former Argentine President Cristina Fernandez in a corruption case, did not immediately respond to multiple requests for comment from Decrypt. Requests sent to Davis's lawyer by Decrypt also went unanswered.

ChainCatcher news, according to Decrypt, the Argentine prosecutor's office is advancing the investigation into the LIBRA token incident and has requested to freeze $100 million in cryptocurrency assets related to the case, while also seeking to restore deleted social media posts.Prosecutor Eduardo Taiano has also requested detailed records of LIBRA transactions and has asked international trading platforms, law enforcement agencies, and regulatory bodies to cooperate in freezing the relevant funds. The Argentine prosecutor's office has not yet made an official response to this matter.

ChainCatcher message, the Slow Mist security team published a disclosure revealing a critical vulnerability (GHSA-vjh7-7g9h-fjfh) found in the widely used elliptic cryptography library.Attackers can extract private keys with just one signature by constructing specific inputs, which may lead to the theft of digital assets or identity credentials. This vulnerability could affect blockchain applications and digital identity systems that rely on this cryptography library.

ChainCatcher news, according to Bitcoin.com News, Argentine President Javier Milei is under investigation by the FBI due to his previous promotion of a failed cryptocurrency project called Libra on social media. The report indicates that the Libra project is associated with an unregistered company and lacks the necessary compliance measures.

ChainCatcher news, according to Lookonchain monitoring, the internal teams of LIBRA and MELANIA are laundering money through "wash trading."It is reported that the team spent 19,846 SOL (approximately 2.76 million USD) to purchase a meme coin (POPE) with a market value of less than 150,000 USD, and ultimately sold it for 175 SOL (approximately 24,000 USD), incurring a loss of 2.73 million USD, which was effectively transferred to other wallets in a "legitimate" manner.

ChainCatcher message, KIP Protocol released a statement regarding the $LIBRA token, clarifying KIP Protocol's role in the event:KIP did not initiate the Libra project or the Viva La Libertad project.KIP was invited to assist in managing the financing plan for small and medium-sized enterprises in Argentina.KIP did not participate in the token issuance.KIP did not profit in any way from the token issuance.KIP has no prior or ongoing relationship with President Javier Milei.KIP stated that it will continue to work with all relevant parties to address any misunderstandings and is prepared to take necessary legal action to protect its reputation from further unfounded accusations.

ChainCatcher message, Santiment posted on the X platform that due to the Bybit hack causing a stir in the crypto space, along with concerning news this week regarding LIBRA and other contributing factors, the crowd is exhibiting extreme fear as Bitcoin plummets.According to sentiment scores, the negative sentiment in the crypto community is similar to the situation before the price rebound on February 17 and 18. While nothing is certain, and a major exchange hack could have a lasting impact on the crowd's perception, remember that the market almost always moves in the opposite direction of retail traders' expectations.

ChainCatcher news, according to Cointelegraph, Memecoin fraud is undermining community trust, especially the Libra token incident, leading to a significant decline in Solana user activity. In February, the number of active addresses on the network dropped to an average of 9.5 million per week, down nearly 40% from 15.6 million active addresses in November 2024.As confidence in Solana wanes, cryptocurrencies worth millions of dollars are being transferred from Solana to other blockchains, indicating that potential capital outflows may have a net positive impact on the long-term growth of the blockchain.

ChainCatcher news, according to Decrypt, Ethereum co-founder Vitalik believes that the collapse of the Solana meme coin LIBRA is a lesson worth learning from, which he sees as "an example of why education is so important."In a tweet, Vitalik stated, "The recent news should not be seen as a reason to give up," emphasizing the importance of education in the crypto space. He praised Argentina's "outstanding builder community, which has contributed some of the most important software to the Ethereum ecosystem," and added, "I remain very optimistic about Argentina and Latin America's contributions and role in this field."In a follow-up tweet, Vitalik suggested that Argentina could host a week-long Ethereum Devconnect gathering, calling it "a great opportunity to showcase the best that cryptocurrency has to offer."

According to ChainCatcher news, as reported by Decrypt citing a Nansen report, despite the controversial LIBRA in the Solana ecosystem causing a total of $251 million in realized losses for investors, there are still 1,001 holders facing approximately $11 million in unrealized losses without exiting liquidity.