Kelsier Ventures and Hayden Mark Davis: The masterminds behind the LIBRA token scandal

Argentine President Mile has recommended LIBRA tokens many times on the social media platform X, and the token price has plummeted due to the deletion of tweets.

Argentine President Milei has repeatedly promoted LIBRA tokens on social media platform X, and the token price has plummeted due to the deletion of tweets. As the Libra coin issuance farce fermented for several days, the token market maker Kelsier Ventures and its CEO Hayden Davis, who are behind the operation, surfaced and were accused of being the co-founders of the LIBRA token. With the exposure of more information such as insider trading, political involvement and multiple operation plans, Hayden Davis was accused of being a "rugger", including deep operation of Trump's wife's MEME MELANIA and other tokens with the same name. In a recent video interview, Hayden Davis responded to various issues related to the creation of LIBRA.

Hayden Davis is one of the core figures in the controversy surrounding the Argentine president’s currency issuance. This article will take a closer look at Hayden Davis and Kelsier Ventures to learn about their backgrounds and the roles they played in the Libra scandal.

Hayden Davis denies accusation of bribery of president's sister

Hayden Davis is accused of paying bribes to get into the inner circle of Argentine President Javier Milei.

On February 19, Coindesk reported that Hayden Davis said in a text message in December last year that he could "control" Argentine President Milei because he had been sending money to Milei's sister Karina Milei (currently the Secretary General of the Argentine Presidential Palace). "I send money to his sister, and he will sign whatever I say and act according to my wishes." This information disclosure is the latest development in the LIBRA token scandal that has been fermenting for several days.

However, Davis' spokesman Michael Padovano immediately responded that the media reports were "politically motivated" and that he did not remember sending such text messages and there was no relevant record on his phone.

The incident dates back to the morning of February 15, when Milei recommended a little-known token $LIBRA on the X platform. Within half an hour, the market value rose to $4.24 billion and then fell to $827 million. However, as more insider addresses made huge profits, Milei deleted the post a few hours later and denied any connection with the cryptocurrency, after which the price of the coin quickly fell to $0.2. The farce of the president issuing coins has intensified, and multiple projects including Kelsier Ventures, KIP Protocol, Meteora, and Jupiter have also been implicated.

Among them, Kelsier Ventures, as the issuer of Libra, was pointed out to be involved in insider trading of various meme tokens such as MELANIA, ENRON, and BOB, reaping more than US$200 million.

The large scale of losses caused to investors by Libra has further pushed Kelsier Ventures to the forefront.

According to El Eonomista, 44,000 users were affected by the "rug pull" incident. According to crypto lawyer wassielawyer, the number may reach nearly 75,000 users, with a total loss of about $286 million. However, Argentine President Milley said that it was false to say that 44,000 people were affected, and at most only 5,000 people were affected. The possibility of involving Argentines is very small. According to a survey by PANews, nearly 30% of large investors took over at high prices, and early buyers became the hardest hit by losses.

Participating in multiple "rug pulls", the restaurant owner transformed into a crypto family business

On February 17, blockchain data company Bubblemaps posted on the X platform: "The team behind LIBRA, MELANIA and other short-lived tokens is the same group of people. After analyzing cross-chain transfers and time patterns, we are highly confident that this speculation is correct. It all started with our investigation into sniper activities on MELANIA." On-chain analysis shows that Kelsier Ventures' wallet played a central role in scams involving MELANIA, TRUST, KACY, VIBES, and the recently hyped HOOD token.

Kelsier Ventures has previously remained a mystery. Nevertheless, an industry insider recently contacted by PANews said that "this Kelsier market maker is a well-known meme rugger in Dubai."

Currently, Kelsier Ventures is still active, but its location is uncertain. BoDoggos Entertainment CEO Nick O'Neil's investigative video revealed that he received an offer. Kelsier Ventures' service process is divided into these steps:

90% of the "snipers" come from within Kelsier Ventures. They distribute tokens to friends or set up operations for their own robots. Kelsier Ventures set a 2% token allocation and a maximum daily sales limit of 0.1%. In addition, the daily fee is $3,000 or 20% of the withdrawal amount, whichever is higher.

According to Kelsier Ventures’ official Twitter account, the company “invests,