$LIBRA V2: Milei’s Gamble, Nation’s Future Hanging Now

Déjà Vu? Another Libertarian Politician Promotes ‘$LIBRA’ Crypto Scam

Another Crypto Controversy: ‘$LIBRA V2’ Hits Argentina Again

The ‘Cryptogate’ scandal refuses to die down for Argentine President Javier Milei. Just weeks after the president controversially promoted the ‘$LIBRA’ cryptocurrency—now widely regarded as a scam—authorities caught another lawmaker from his party in a similar situation.

This time, it’s La Libertad Avanza lawmaker José Luis Espert. A post from his X (formerly Twitter) account promoted ‘$LIBRA V2,’ claiming it would help Argentina’s economy. However, Espert quickly distanced himself, claiming hackers had compromised his account.

The ‘Hacked’ Post: Another Crypto Pump-and-Dump?

The suspicious post read:

“The liberal revolution is advancing in Argentina! We are launching $LIBRA V2, a project dedicated to boosting the Argentine economy, supporting entrepreneurs and SMEs with transparent and decentralised private financing.”

The message included details about the token and ended with:

“Argentina has a bright future @JMilei and together we will achieve it.”

Shortly after, a photo of Espert holding a piece of paper with the token’s name surfaced on his account. Was this an endorsement or an elaborate scam?

Damage Control: Espert’s Response

Espert’s top advisor, Jimena Aristizábal, confirmed that the lawmaker had fallen victim to a cyber-attack. She stated that he had no knowledge of the post and was working to regain access to his account.

Espert’s wife, Mercedes González, also confirmed the hack, posting:

“José Luis’ account has been hacked. I am his wife.”

She assured followers they were trying to regain control of the account.

A Familiar Pattern: Just Like Milei?

This controversy mirrors Javier Milei’s own crypto scandal. The Argentine president recently promoted ‘$LIBRA,’ calling it a tool for private-sector investment and innovation. Yet, the token’s price skyrocketed and then crashed—leaving many investors out of pocket.

Now, Espert’s alleged ‘hack’ follows a suspiciously similar timeline. Crypto experts warn that this could be another pump-and-dump scheme, where influencers boost a token’s price before its inevitable collapse.

Espert’s Apology: A Case of Damage Control?

At 11 PM on Thursday, Espert addressed the situation on social media, stating:

“I deeply regret to inform you that my account was hacked. The recent messages and posts are not my own, and I apologise to anyone who may have been confused or misunderstood by these malicious actions.”

He assured followers that he was taking all necessary steps to secure his account. However, some remain sceptical—especially since another scam token offer appeared shortly after.

A Political Attack or a Crypto Scam?

Espert later claimed the hack was a political attempt to destabilise the government. However, crypto analysts remain unconvinced. Many argue that promoting a token, then later claiming a hack, is a common rug-pull tactic in the crypto world.

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Quiz: Answer the following questions in 2-3 sentences each.

1. What was the original claim made in Espert’s social media post?
2. How did Espert and his team respond to the controversy?
3. Why do some crypto experts suspect a scam?
4. What similarities exist between this case and President Milei’s crypto scandal?
5. What did Espert say in his apology statement?
6. How do pump-and-dump schemes typically work in crypto?
7. Why are some people sceptical about the hacking claims?
8. What measures can be taken to secure crypto investments?
9. How does a cold wallet differ from a hot wallet?
10. What role does social media play in crypto scams?

Quiz Answer Key:

1. Espert’s post claimed that ‘$LIBRA V2’ was a project to boost Argentina’s economy.
2. His advisor and wife confirmed his account had been hacked, and he later apologised.
3. Experts note that claiming a hack after promoting a token is a common scam tactic.
4. Both incidents involve politicians promoting ‘$LIBRA,’ followed by hacking claims.
5. Espert apologised for confusion and promised to secure his account.
6. These scams pump a token’s price before selling off, leaving investors at a loss.
7. The sequence of events closely mirrors other known crypto scams.
8. Investors should use cold wallets and be wary of influencer-endorsed tokens.
9. Cold wallets store crypto offline, while hot wallets are connected to the internet.
10. Social media amplifies hype and misinformation, making scams easier to spread.

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