Libra’s Fall: Argentine President’s Token Frozen in Legal Battle over $57M

A legal dispute surrounding a cryptocurrency token backed by Argentina’s president has frozen $57 million in USDC, highlighting the complexities of cross-border crypto disputes. The token, known as ‘Libra’, saw its value plummet after backing from President Javier Milei triggered allegations of fraud and bribery. 🇺🇸 Meanwhile, Argentine victims claim they initiated the legal action that led to the freeze by contacting US authorities for assistance with their lawsuit.