The LIBRA team allegedly used 3 internal wallets to purchase 1.6 million dollars worth of LIBRA, making a profit of 6.65 million dollars

ChainCatcher news, according to Lookonchain monitoring, the LIBRA team is suspected of using three internal wallets to preemptively purchase their own tokens and profit $6.65 million.

Hours before the LIBRA token issuance, one address (0xcEAe…06e2) transferred 1.6 million USDC cross-chain to three wallets on Solana, then preemptively purchased 3.77 million LIBRA tokens and quickly sold them all for 8.25 million USDC, netting a profit of $6.65 million.

Since this address previously transferred USDC from Avalanche to Solana and made payments to Dave Portnoy, analysts believe this address may belong to the LIBRA team.