KIP Protocol claims to be the team behind the coin issuance by the President of Argentina, raking in $107 million in just a few hours.

The founder looks like a Singaporean Chinese, deeply incubated by Hong Kong's Animoca. The official Twitter introduction states that it is supported by Hong Kong's Animoca, and also mentions that it is a partner of Animoca's subsidiary, Open Campus AI.

Everyone thought they were being scammed by the President of Argentina, but it turns out it was Chinese scamming Chinese.