The post Trader Leaves Crypto Forever After Losing $10,000 in LIBRA appeared on BitcoinEthereumNews.com.

One year has passed since Argentine President Javier Milei backed a project that drove hundreds of thousands of people worldwide to invest in Libra, a meme coin that turned out to be a rug pull. Alfonso Gamboa Silvestre, a 25-year-old from Chile, was among the many traders who suffered steep losses. The token’s launch and swift demise cost him $10,000. Since that moment, he has left the crypto industry for good.  A Presidential Endorsement That Drove a Buying Frenzy On Valentine’s Day last year, Gamboa Silvestre was trading on his computer. The day seemed normal until a notification popped up on his phone from one of the many crypto groups he had on Telegram.  He opened the message, which read something along the lines of “Argentina’s president just launched a crypto token.” Gamboa Silvestre ran to X (formerly Twitter) to see whether it was true.  At first, he thought Milei’s account had been hacked. But after carefully reading the president’s verified tweet and the “Viva La Libertad Project” website he included, Gamboa Silvestre ruled out the possibility.  So he bought the token. In total, he invested $5,000. “I made two purchases. First, a smaller one. When I was totally sure it was [Milei’s] tweet, I made a bigger one,” Gamboa Silvestre told BeInCrypto in an interview in Spanish.  After that, Gamboa Silvestre left the house to go out to dinner with his family, but he couldn’t keep his eyes off his phone. Libra’s price kept dropping, and he didn’t know what to do. Choosing what looked best on the menu and averting his family’s worried gaze was hard enough, so he locked himself in the restaurant’s bathroom.  “At first I thought the token was going to go down, and then it was going to go back up to infinity,” Gamboa…

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Filed under: News - @ February 19, 2026 11:25 pm