Hayden Mark Davis: Mastermind behind the Failed Libra Crypto Scam
The cryptocurrency world was rocked on Sunday, Feb. 16, when Argentina’s President Javier Milei endorsed the Libra token, also known as Project Viva La Libertad. The token, launched on Solana, aimed to bolster Argentina’s economy but saw its value plummet by over 90% within hours of its debut. The market cap suffered a $4 billion wipeout as insider wallets cashed out more than $100 million in liquidity, leaving investors reeling.
The Launch of LIBRA Token
President Javier Milei played a pivotal role in promoting the LIBRA token, touting it as a revolutionary tool to support small businesses and revitalize Argentina’s economy. The launch involved several key players, including KIP Protocol, a decentralized AI framework that claimed to have been instrumental in the development of LIBRA. Julian Peh, the co-founder and CEO of KIP Protocol, engaged in discussions with President Milei on how their AI technology could align with Argentina’s technological aspirations. Additionally, Hayden Mark Davis, a seasoned crypto entrepreneur, was involved in the token’s promotion and later accused President Milei of withdrawing support, leading to the token’s downfall.
Milei’s Response and Controversy
In the aftermath of Libra’s crash and Milei’s deletion of his endorsement post, he released a new statement claiming ignorance of the project’s details. KIP Protocol issued a clarification, asserting that no discussions regarding Libra took place during their meeting with Milei in October 2024. The firm distanced itself from Davis, clarifying that it was not involved in launching the token and had no financial gains from the project.
Hayden Mark Davis Under Scrutiny
Hayden Mark Davis, self-proclaimed CEO of Kelsier Venture, is currently under intense scrutiny for his involvement in the LIBRA project. Despite the firm’s official claims of fueling web3 innovation through strategic investments, its website lacks essential details such as a portfolio or team information. Davis, known for listing „hustling expert“ and „business networking“ on his LinkedIn profile, released a video post-crash, identifying himself as „Javier Milei’s advisor.“ While Davis pledged to return all collected funds and reinvest them into the Libra chart, questions remain about the missing $100 million from insider wallets.
In a candid interview with crypto investigator Stephen Findeisen, Davis admitted to holding $100 million linked to the project, citing it as leverage with certain groups. He defended his actions, claiming the situation was not a „random scam“ but an international incident with complex dynamics.
Past Ventures and MELANIA Token
Analysts at Bubblemaps uncovered evidence linking the LIBRA crash to the MELANIA token launch, suggesting a pattern of pump-and-dump schemes. Davis acknowledged his involvement in the MELANIA launch and warned retail investors about the risks of trading meme coins. He emphasized the need for thorough research in the volatile meme coin space, likening it to an unregulated casino.
As the investigation unfolds, Davis remains a central figure in the crypto community’s quest for accountability and transparency. The aftermath of the LIBRA crash serves as a cautionary tale, highlighting the importance of due diligence and scrutiny in the cryptocurrency landscape.
