Libra ‘Sniper’ Strikes YZY Memecoin Launch, Extracting $23 Million

A coordinated attack by crypto wallets associated with the LIBRA token has led to a significant financial hit for Kanye West’s YZY memecoin launch. The attack resulted in the extraction of $23 million worth of tokens, according to blockchain experts like Dethective and Bubblemaps. This incident highlights the volatility and potential insider manipulation risks within the cryptocurrency market, potentially impacting retail investors negatively and necessitating greater scrutiny within the industry.