🔵Kelsier Ventures CEO Insists No Association with Controversial LIBRA Token Project

DeThings, June 30th. According to Cryptoslate, citing Argentinian media La Nacion, the latest developments in the Libra token legal dispute show that Kelsier Ventures CEO Hayden Mark Davis submitted a voluntary statement to a federal court in New York last Monday. At the heart of the case is a class-action lawsuit filed by U.S. investors who suffered losses after the controversial Libra token rapidly rose and subsequently crashed.
Hayden Mark Davis strongly denies any allegations of fraud, insider trading, or other misconduct. Instead, he blames the sudden drop in the token's price on Argentinian President Javier Milei deleting a social media post supporting LIBRA. Hayden Mark Davis stated that Javier Milei's tweet initially boosted interest and investment in the project, but the subsequent deletion of the tweet sparked rumors and accusations that LIBRA was a scam, claims that Hayden Mark Davis insists are false.
Hayden Mark Davis describes LIBRA as a project designed to support small businesses and educational programs in Argentina, rather than a pump-and-dump scheme to defraud investors. He emphasized that he is unaware of any "snipers" (individuals who allegedly bought large amounts of the token before the LIBRA launch and profited from it) and denied any involvement in such activities.
Hayden Mark Davis also sought to challenge the jurisdiction of the New York federal court, arguing that he has no residence or business activity in New York and that the project was conceived and executed in Argentina. He suggested that any legal proceedings should take place in Argentinian courts. Of particular note in Hayden Mark Davis's statement is his proposal to return approximately $100 million of investor funds, which he reportedly transferred between February 14 and 15, 2025. However, this plan was thwarted by a U.S. court order freezing over $55.00 million in crypto assets.