AiCoin|Jun 30, 2026 11:49
BubbleMaps revisits the LIBRA incident, revealing manipulation of liquidity to extract $87 million
BubbleMaps released a report stating that after Argentine President Millet supported LIBRA, the token's market value reached $4 billion, but then collapsed, causing investors to lose over $250 million. In the first hour of LIBRA's launch, there were signals of 82% concentrated token supply, no token economy model, and abnormal liquidity pool fees. The deployment party achieved a low sliding point fund transfer by adding a unilateral liquidity pool on Meteora and withdrawing USDC and SOL, extracting $87 million in encrypted assets.
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