Emerging allegations against Hayden Davis and Karina Milei have sparked interest in LIBRA token and the actions of the Argentine president and his circle.
Allegations Against Hayden Davis and Karina Milei
LIBRA token creator Hayden Davis claims he paid Karina Milei, sister of Argentine President Javier Milei, for access to the presidential circle and influence over government decisions. According to CoinDesk, Davis allegedly boasted about his influence over the president. In a message from mid-December, Davis wrote that he could get the president to sign anything in exchange for payments to Karina Milei. However, Davis denies sending these messages, stating there is no record of such messages on his phone.
Launch and Crash of the LIBRA Token
Launched on the Solana blockchain, LIBRA reached a $4.5 billion market cap before crashing 95% within hours. Reports indicate Davis and his firm, Kelsier Ventures, netted over $100 million from the token's rise and fall. Blockchain analysts revealed eight wallets associated with the LIBRA team withdrew $107 million before the price collapse, raising concerns of insider trading.
President Milei's Response to the Allegations
President Milei promoted LIBRA on X (formerly Twitter) on February 14, leading to a significant surge. However, he deleted the tweet after five hours, stating his actions were limited to just spreading the word. Opposition leaders argue his endorsement misled investors, with some calling for impeachment. The case is currently under review by Argentina’s criminal justice system.
The story of the LIBRA token and allegations against the Argentine president continues to draw public attention. While the political endorsement's influence on the market is debated, investigations into the matter are ongoing.
