Frozen Fortunes: LIBRA Scandal Unravels in Argentina Amid Political Fallout

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📈 Preview On Today’s News:

1. - Frozen Fortunes: LIBRA Scandal Unravels in Argentina Amid Political Fallout

2. - Crypto Crime Syndicate Crushed: $15M Laundering Ring Dismantled in Hong Kong

3. - Bitcoin’s $1M Future? Arthur Hayes Bets on Economic Chaos

Keep reading below for more!

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Today’s News:

1)

Frozen Fortunes: LIBRA Scandal Unravels in Argentina Amid Political Fallout

An Argentine federal judge has frozen the assets of three key individuals—Mauricio Novelli, Manuel Terrones Godoy, and Sergio Morales—in connection with the controversial LIBRA cryptocurrency collapse. Backed by President Javier Milei as a potential shield against inflation, LIBRA's dramatic downfall, marked by insiders cashing out $107 million prior to the crash, has triggered widespread investor losses and intensified scrutiny of political involvement in crypto markets. The decision, led by Judge María Servini, reflects growing concerns about regulatory lapses, financial misconduct, and political influence in digital asset endorsements. International investigations are now underway, targeting financial records and digital asset firms, signaling a broader shift toward accountability and oversight in crypto finance.

• Argentine judge freezes assets of LIBRA affiliates after $107M insider cashout and token collapse, raising fears of political manipulation.

• International probes and regulatory pressure mount as LIBRA’s failure erodes trust in politically backed crypto ventures.

2)

Crypto Crime Syndicate Crushed: $15M Laundering Ring Dismantled in Hong Kong

Hong Kong authorities have dismantled a sophisticated cross-border money laundering network that used over 500 bank accounts and cryptocurrency to launder HK$118 million ($15 million). The operation, exposed through surveillance on May 15, led to the arrest of 12 individuals in Hong Kong and mainland China. The suspects allegedly recruited people to open bank accounts that received fraud proceeds, which were then converted into crypto at exchange shops. A rented Mong Kok residence served as the group's operational base. Police seized around HK$1.05 million in cash, 560+ ATM cards, mobile phones, and crypto-related documents. The crackdown comes amid a surge in fraud-related arrests and the city’s ongoing efforts to establish itself as a regulated crypto hub.

• Twelve suspects were arrested after laundering $15M via crypto and 500+ bank accounts, with authorities seizing cash, ATM cards, and crypto records.

• The bust follows Hong Kong’s push to combat rising fraud and tighten crypto regulations as it positions itself as a global digital asset center.

3)

Bitcoin’s $1M Future? Arthur Hayes Bets on Economic Chaos

Arthur Hayes, co-founder and former CEO of BitMEX, predicts Bitcoin will soar to $1 million by 2028, citing a breakdown in global financial systems. He attributes this potential surge to ongoing monetary debasement and strained U.S.-China trade relations, arguing these conditions erode trust in fiat currencies and drive investors toward decentralized assets. Hayes’ analysis, rooted in past market cycles and fiscal instability, suggests Bitcoin could once again thrive amid economic turmoil—though experts remain divided on the risks and timing of such a massive shift.

• Arthur Hayes forecasts Bitcoin hitting $1 million by 2028, driven by weakening fiat systems, monetary inflation, and failed global trade policies.

• Historical market cycles and investor behavior support the prediction, but experts warn of volatility and mixed sentiment amid ongoing geopolitical and fiscal uncertainty.

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