Here’s what happened in crypto today

Today in crypto, a prominent Bitcoin analyst claimed he moved all his Bitcoin into spot Bitcoin ETFs, scammer impersonates Bermuda premier and promotes fake token, and a cryptocurrency endorsed by Argentine President Javier Milei turned into a financial catastrophe after insiders staged a rug pull.Bitcoin analyst PlanB transfers Bitcoin to ETFs to avoid 'hassle with keys'Bitcoin analyst PlanB revealed that he has moved all his Bitcoin from self-custody into spot Bitcoin exchange-traded funds (ETFs), in an effort to manage his Bitcoin in the same way as traditional assets.“I guess I am not a maxi anymore,” PlanB said in a Feb. 15 X post, explaining that he moved his Bitcoin into spot Bitcoin ETFs so he can manage his holdings more like equities and bonds — without the complexities of self-custody.“Not having to hassle with keys gives me peace of mind,” he said. While Bitcoin maxis insist users should always control their own private keys instead of holding their Bitcoin on centralized exchanges, self-custody comes with the responsibility of keeping those keys safe from hackers, thieves, and other bad actors.Scammer poses as Bermuda premier David Burt and promotes fake tokenA scammer impersonating Bermuda premier David Burt used a fake profile to promote a fraudulent token called "Bermuda National Coin" on the X platform in a series of social media posts.Upon discovering the scam profile, premier Burt alerted users on the platform and brought the matter to the attention of X and Elon Musk.However, the page remains active at the time of this writing and has garnered more than 51,000 followers.The fake profile features a grey checkmark — which is reserved for government officials — prompting Burt to question how the fake account was verified by the platform in the first place.Javier Milei-endorsed Libra token crashes after $107 million insider rug pullThe launch of Libra (LIBRA), a cryptocurrency endorsed by Argentine President Javier Milei, turned into a financial catastrophe after insiders cashed out over $107 million, wiping out nearly 94% of the token’s value within hours.According to onchain intelligence firm Lookonchain, at least eight wallets linked to the Libra team siphoned liquidity from the token, pocketing 57.6 million USD Coin (USDC) and 249,671 Solana (SOL) worth $49.7 million:“The $LIBRA team has cashed out $107M! 8 wallets related to the $LIBRA team have obtained 57.6M $USDC and 249,671 $SOL($49.7M) by adding liquidity, removing liquidity and claiming fees.”The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to the current $257 million market cap in just 11 hours since the token debuted for trading on decentralized exchanges, Dexscreener data shows.The token’s rally began shortly after a now-deleted X post from President Milei, which shared a website and token contract address for Libra, which was a “private project” dedicated to “encourage the growth of the Argentine economy.”After the token’s collapse, Milei deleted his endorsement, later issuing a statement on X blaming political opponents:“To the filthy rats of the political caste who want to take advantage of this situation to do harm, I want to say that every day they confirm how vile politicians are, and they increase our conviction to kick them in the ass.”