The scandal-plagued LIBRA token saw approximately $99 million worth of invested liquidity withdrawn by entities tied to the cryptocurrency’s creator, according to a media report on Wednesday.
What Happened: Blockchain research firm Chainalysis discovered that eight cryptocurrency wallets, allegedly tied to the creator team, removed the funds from the token’s liquidity pool, Reuters reported.
Chainalysis could not confirm the identities of the owners but stated that these wallets had received tokens directly from the LIBRA creator.
Benzinga mailed Chainalysis to obtain additional information regarding the withdrawals. The story will be updated once they respond.
See Also: Bitcoin ‘Early In Bull Market,’ Can Compete …
Full story available on Benzinga.com