Burwick Law Sues $LIBRA Token Launch Parties Over $100M Fraud Affecting 44,000, Citing Javier Milei's Involvement

Burwick Law has filed a class action lawsuit in the Supreme Court of New York against Kelsier, KIP, Meteora, and related parties over the launch of the $LIBRA token. The complaint alleges that these entities orchestrated an unfair token launch, misleading purchasers and causing harm to retail investors.

The lawsuit claims that the defendants used one-sided liquidity pools to drain over $100 million from investors, affecting 44,000 people. It also mentions that $116,000 was moved to Kraken, traced back to Circle CCTP on Avalanche. The Supreme Court of New York is set to review the case.

The lawsuit references the involvement of influential figures, specifically mentioning Argentine President Javier Milei, in promoting the token.

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