Chaofan Shou, co-founder of Solayer, clarified on Twitter that Arunkumar Sugadevan is not associated with LIBRA; they merely share the same market maker. Previously, Chaofan Shou had stated on Twitter that the market maker/creator of the LIBRA token had a direct connection with Arunkumar Sugadevan and another Indian serial pool withdrawal scammer, and expressed suspicion that Kelsier Venture outsourced the token issuance to an Indian company. Solayer expressed deep regret over this misinformation.