Hayden Davies, the CEO of Kelsier Ventures, and Argentine President Javier Milei are locked in a unclean scandal over a leaked chat that means critical insider buying and selling.
Hayden Davies co-created the $Libra Memecoin, which was promoted by the Argentine president.
The memecoin dumped hours after launch and worn out over $4 billion in market capitalization, costing hundreds of merchants cash.
A leaked chat made available to Coindesk revealed Hayden bragging about having important management over the Argentine president. Hayden bragged about having repeatedly funneled cash to the President’s sister and having direct entry to the president via the sister.
“I management that n****,” Davis claimed in textual content messages from mid-December, including, “I ship $$ to his sister and he indicators no matter I say and does what I would like.”Hayden allegedly claimed.
Coindesk obtained the textual content messages from an nameless supply near the state of affairs.
Denials, Again and Forth, and Counter Narratives
The leaked chat stirred the hornet’s nest within the crypto house as they continue to be the strongest proof that the $Libra Memecoin mission was a well-orchestrated Rug pull scheme.
Michael Padovano, a spokesperson for Davis, defined that Davis doesn’t recall sending such a message and has no file of it being despatched on his cellphone.
“Latest media studies claiming I paid President Javier Milei or his sister, Karina Milei, to launch the Libra memecoin are utterly false. I by no means made any funds to them, nor did they request any. Their solely concern was making certain proceeds from Libra would profit Argentina’s individuals and financial system.”
The assertion added: “That is nothing greater than a politically motivated assault on President Milei.”
Karina Milei, the sister to Javier Milei, occupies the publish of Common Secretary of the Presidency of the Argentine Nation.
Karina is a crucial hyperlink within the scandal as she represents the one connection to the President on the matter.
$100 million Bag
Regardless of the denial from Hayden Davies’s camp, Onchain examination revealed that wallets linked to Kelsier Ventures bagged over $100 million within the early hours of Libra’s Launch.
Hayden Davies and his group stay the most important beneficiaries of the $LIBRA memecoin debacle.
The Libra Memecoin episode reopened the burning dialogue on the long-term sustainability of memecoins and their internet worth to the business.
President Milei’s function within the $Libra memecoin is the second time in two weeks {that a} president has been concerned in a memecoin.
The President of the Central African Republic promoted an official memecoin for the nation, which additionally tanked just a few hours after launch.
