The world of DeFi and cryptocurrencies evolves rapidly. This week, key incidents and innovations have captured attention.
Javier Milei's LIBRA Endorsement: What Went Wrong?
Argentine President Javier Milei is under scrutiny for allegedly promoting LIBRA, a cryptocurrency that crashed shortly after its launch. Experts describe this as a 'rug pull' scheme, and Milei is accused of fraud and illicit association. Argentina’s criminal justice system is reviewing the case.
Binance Sued for $81.5B in Nigeria
Nigeria has sued Binance for $81.5 billion, accusing the crypto giant of tax evasion and fueling naira depreciation. The Federal Inland Revenue Service claims Binance failed to pay $2 billion in taxes from 2022 to 2023 and seeks a 26.75% interest rate. Additionally, the exchange is accused of enabling currency speculation.
Pi Network Under Investigation: Bybit CEO Comments
Bybit CEO Ben Zhou has raised concerns about Pi Network, questioning its legitimacy. Zhou clarified that Bybit has no involvement with Pi and cited warnings from Chinese police about potential fraudulent activities, particularly affecting the elderly. Vietnamese authorities reportedly investigated the project last year.
This week, the crypto world faced both new opportunities and legal challenges. Whether through innovations or controversies, the crypto industry continues to draw global attention.
