Justin Sun, founder of Tron, weighed in on the $LIBRA token cryptocurrency, expressing respect for Argentine President Javier Milei.
In a recent post on X, Justin Sun expressed respect for President Milei but urged him to ensure that those responsible return the victims’ funds and face legal consequences, emphasizing the importance of investor protection and accountability.
Justin Sun on $LIBRA Scandal, Source: X
Milei had previously promoted $LIBRA on social media, leading to a surge in value before the token collapsed by 85%, triggering accusations of market manipulation. After facing backlash, Milei deleted his tweet, stating he had no financial ties to the project and was unaware of its details.
At the time of writing, the price of $LIBRA is $0.1743, which is still around 24% higher than the last day, but still under a lot of water since its crash. The market cap is at $174.3 million, with a lot of users stuck as the Gov pulled out the liquidity on Raydium.
Sun’s statement has reignited concerns over crypto endorsements by public figures, with calls for greater transparency and regulatory oversight to prevent similar incidents in the future.
