A crypto trader has reportedly suffered a staggering loss of $15.68 million after trading the official memecoin of First Lady Melania Trump. What Happened: The blockchain tracking firm Lookonchain disclosed that the trader purchased nearly 14 million MELANIA (CRYPTO: MELANIA) last month for approximately $30 million,

A new cryptocurrency called $Libra bilked investors out of $250 million. It had been promoted by President Javier Milei.

A meme coin scandal and investigation have dented the popularity of Argentina's libertarian President Javier Milei and hindered his efforts to strengthen political alliances ahead of congressional midterm elections this year.

Now, Milei’s opponents are calling for his impeachment. The scandal has also ensnared Milei’s sister and General Secretary, Karina Milei—his closest advisor and gatekeeper. She first met with a crypto consultant at the Casa Rosada,