Milei and Hayden Team Up To Rug Pull
- Memecoins
On February 14, 2025, Milei posted on Twitter endorsing $LIBRA as a project to fund small Argentine businesses and boost the economy, using his slogan `long live freedom`. The token's market cap surged dramatically to around $4-4.6 billion within hours as retail investors FOMO'd in. However, the price crashed almost immediately (dropping over 90-95% to near zero), resulting in massive investor losses estimated at $250-251 million. Multiple wallets linked to the project's insiders withdrew roughly $99-107 million (sometimes reported as high as $110 million) from the liquidity pool shortly after the hype peaked.
Incident Details
- Type
- RUG PULL
- Funds Lost
- $99M
- Status
- Ongoing
As of late 2025/early 2026, investigations continue, with reports of suspicious transfers and frozen funds. Hayden walks free.