Bloomberg: 86% of traders lost money on LIBRA, accumulating $251 million in losses

According to Bloomberg, 86 per cent of crypto traders lost money after investing in LIBRA, a platform run by Argentine President Javier Milei, for a cumulative loss of $251 million, while insiders made a profit of $180 million, according to Nansen data. Nansen researcher Nicolai Sondergaard noted that the agency analysed more than 15,000 crypto wallets and found ‘very clear on-chain evidence of a group of “insiders” unilaterally profiting from retail investors. ’