標題：美國總統唐納德·特朗普或阿根廷的哈維爾·米利（Javier Milei）的加密貨幣支持已經看到投資者損失了數十億美元

美國總統唐納德·特朗普（Donald Trump）或阿根廷的哈維爾·米利（Javier Milei）對加密貨幣的支持已看到投資者損失了數十億美元，並且正在損害一個為信譽而苦苦掙扎的部門

U.S. President Donald Trump and Argentina’s presidential candidate Javier Milei have been targeted by researchers for allegedly supporting cryptocurrencies that later saw investors lose billions of dollars.

美國總統唐納德·特朗普（Donald Trump）和阿根廷總統的總統候選人賈維爾·米利（Javier Milei）的目標是研究人員據稱支持加密貨幣，後來投資者損失了數十億美元。

Their involvement is said to be damaging a sector struggling for credibility following a series of scams and a bear market.

據說他們的參與會損害一個在一系列騙局和熊市之後爭取信譽的部門。

Prosecutors in Argentina are reportedly examining whether Milei engaged in fraud or criminal association, or was in breach of his duties, when he praised the ‘$LIBRA’ cryptocurrency on social media in February.

據報導，阿根廷的檢察官正在研究麥利是從事欺詐還是犯罪協會，還是違反了他的職責，當時他在2月在社交媒體上稱讚“ $ libra”加密貨幣。

After sharing information on how to purchase it, the token's value soared from just a few cents to almost US$5 and then crashed. Milei deleted his blessing hours later.

在分享有關如何購買的信息之後，令牌的價值從僅幾美分飆升至幾乎5美元，然後墜毀。麥莉幾個小時後刪除了他的祝福。

He denies all allegations made against him.

他否認所有針對他的指控。

"I did not promote it," Milei told local broadcaster TN in February, adding it "is a problem between private parties because the State does not play a role here.”

麥利在2月對當地廣播公司田納西州田納西州田納西州（TN）表示：“我沒有宣傳它。

"I acted in good faith," he said.

他說：“我真誠地行事。”

The price collapsed after a handful of early investors decided to sell at a huge profit, causing colossal losses for the majority of those who purchased $LIBRA.

在少數早期投資者決定以巨額利潤出售後，價格崩潰了，對大多數購買$ libra的人造成了巨大的損失。

It also dragged down prices of other cryptocurrencies, including bitcoin.

它還拖延了包括比特幣在內的其他加密貨幣的價格。

Hayden Davis, who helped launch $LIBRA, said he had been inspired by the initial success of Trump's memecoin, $TRUMP, that marked the president's inauguration.

幫助推出$天秤座的海登·戴維斯（Hayden Davis）表示，他受到特朗普的成員$特朗普的最初成功的啟發，這標誌著總統的就職典禮。

Having reportedly made Trump at least US$350 million, according to the Financial Times, about 810,000 buyers went on to lose more than US$2 billion combined, stated crypto data group Chainalysis.

據《金融時報》報導，據報導使特朗普至少3.5億美元，大約81萬買家損失了超過20億美元的合併。

A memecoin is a cryptocurrency that rides on the popularity of a viral personality or phenomenon on the Internet and is often seen as a purely speculative asset.

紀念因素是一種加密貨幣，它依靠互聯網上的病毒性格或現象的流行，通常被視為純粹的投機資產。

Relying on trust

依靠信任

Once a fierce critic of cryptocurrencies, Trump is now a fervent defender.

特朗普曾經是對加密貨幣的激烈批評者，現在是一個熱心的後衛。

He is offering multiple products linked to digital currencies, notably through his World Liberty Financial exchange, increasing accusations of a conflict of interest.

他提供了與數字貨幣相關的多種產品，特別是通過他的世界自由金融交流，增加了對利益衝突的指控。

On paper, his support for crypto projects could boost the sector's legitimacy.

從表面上看，他對加密項目的支持可以提高該行業的合法性。

"But at the same time, it can backfire," said Larisa Yarovaya, director of the Centre for Digital Finance at Southampton Business School.

“但與此同時，它可能適得其反，”南安普敦商學院數字融資中心主任Larisa Yarovaya說。

"Any conflicts that will emerge from it... any hackers, speculative attacks, any problems in relation to these specific coins or these specific projects" can prove counterproductive, she told AFP.

她告訴法新社：“從中出現的任何衝突……任何黑客，投機性攻擊，與這些特定硬幣或這些特定項目有關的任何問題都可以證明適得其反。

There is scepticism also over the launch in February of the memecoin ‘$CAR’ by the Central African Republic.

在中非共和國的二月份的二月份發射中，也引起了人們的懷疑。

"The domain name had been reserved only a few days before" launch, noted Balva, which "shows that there was too little preparation.”

Balva指出：“域名僅在幾天前就保留了幾天。這表明準備工作太少了。”

The Central African Republic was the second country to adopt bitcoin as legal tender, after El Salvador in 2021, which has since reversed course owing to a lack of local popularity.

中非共和國是第二個採用比特幣作為法定貨幣的國家，僅次於薩爾瓦多（El Salvador）於2021年，由於缺乏當地的知名度，因此扭轉了課程。

A precursor to other cryptocurrencies, Bitcoin was launched in 2008 as a way to free transactions from traditional financial institutions, notably banks.

比特幣是其他加密貨幣的先驅，於2008年推出，是一種從傳統金融機構（尤其是銀行）中釋放交易的一種方式。

Cryptocurrencies are based on blockchain technology, which publicly records transactions between people holding and exchanging them.

加密貨幣基於區塊鏈技術，該技術公開記錄了持有和交換它們的人之間的交易。

In the absence of a centralised authority, the system relies on "trust" in the people "who are endorsing these products," said Maximilian Brichta, a doctoral student of communication at the University of Southern California.

南加州大學傳播博士學位的Maximilian Brichta說，在沒有集中權威的情況下，該系統依靠認可這些產品的“信任”。

Rigged game

操縱遊戲

Many traders will use automated programmes to buy a new token as early as possible in the hope of reselling it at maximum profit.

許多交易者將使用自動化計劃儘早購買新的令牌，以期最大程度地轉售它。

Milei defended himself by likening losses endured by buyers of $LIBRA to someone entering a casino and knowing they may not win.

麥莉（Milei）將$ libra的買家比喻為進入賭場的人並知道自己可能不會獲勝的人來捍衛自己。

However with crypto, it is argued by some that the "game" is rigged from the outset.

但是，對於加密貨幣，有些人認為“遊戲”從一開始就被操縱。

To avoid price manipulation, "when launching a cryptocurrency, best practice dictates that the first investors... hold a very small share of the offering" and are prevented from selling for "several years," said Balva.

Balva說，為避免價格操縱，“當推出加密貨幣時，最佳實踐決定了第一批投資者……持有很小的份額”，並阻止了“幾年”的出售。

Except that at the launch of $LIBRA, "more than 80 percent" of the available tokens were in the hands of "a handful of large holders [who] controlled all the liquidity and could liquidate it all at any time," she added.

她補充說，除了在推出$ libra時，“超過80％”可用的代幣掌握在“少數大型持有人[他們]控制所有流動性並可以隨時清算所有流動性的手中。”

According to Balva, this was "either monumental recklessness or outright fraud.”

根據Balva的說法，這是“魯ck的魯ck或徹底欺詐”。