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.

ChainCatcher news, according to TASS, the Argentine Senate passed a proposal requiring the government to submit a report on the controversies related to the LIBRA token with 46 votes in favor and 15 against. However, the proposal to establish a special investigative committee was not approved as it failed to reach the required threshold of 48 votes.The opposition has made several accusations against the president regarding this matter, including misconduct, money laundering, and engaging in activities inconsistent with the identity of public officials. Some lawmakers have stated that they will seek to impeach Milei.

ChainCatcher news, according to Jinshi reports, a month after Trump's second term, the excitement from stocks to dollars to Bitcoin is fading. Previously, crypto assets surged as the industry supported Trump, who promised to create a more friendly regulatory environment. However, with not much new development to sustain the bullish sentiment, these gains have weakened.For example, the establishment of a national Bitcoin reserve promised during Trump's campaign has not materialized, and White House crypto and AI director David Sacks stated this month that an internal working group needs to study the feasibility of the plan. Two months after the election, Bitcoin rose by about 50%. However, after reaching a peak of over $100,000 in January, it has fallen to around $97,000 as of Thursday. Scandals involving meme coins like Libra have also weakened investor interest in cryptocurrencies.Bitwise Chief Investment Officer Matthew Hougan said, "The atmosphere in the cryptocurrency market is very negative right now."

ChainCatcher news, the LIBRA token incident involving the Argentine president's token has caused some users to suffer economic losses. While this is considered a market-driven event, it also highlights the inherent risks in the cryptocurrency industry. In response, the BNB ecosystem projects Four.meme, MyShell, and Bacon Protocol, along with crypto KOL EnHeng, have jointly organized spontaneous donations to support the affected users of the LIBRA incident. This initiative not only helps the direct beneficiaries but also supports the broader BNB Chain community.Eddie, a representative of Four.meme, commented: "We have always believed that the power of meme culture and decentralization can change the world. This donation action not only provides support to the affected users but also reflects our commitment to community responsibility and the collective progress in the decentralized finance sector."MyShell and Bacon Protocol also contributed to the donation effort, further demonstrating community involvement within the BSC ecosystem. The total donations from Four.meme, MyShell, and Bacon Protocol reached $60,000 in tokens. This donation was also supported by Binance founder CZ with a total of 150 BNB.This donation activity is seen as part of ongoing community engagement. As the cryptocurrency market continues to evolve, the participating organizations plan to maintain collaboration to address industry challenges. More cooperative opportunities are expected to be explored within the BNB Chain ecosystem in the future.

ChainCatcher news, according to Cryptonews, Argentine regulators claim they have no authority to intervene in resolving disputes because the sale of Libra is beyond their jurisdiction.The Argentine National Securities Commission (CNV) "has so far chosen not to intervene" in the LIBRA event, "because the current regulatory framework does not cover token advertising on decentralized platforms."