The $Libra Scam – Politicians & Major Conspiracies!

Introduction to the $Libra Scam – The Scandal That’s Rocking the Crypto World

In this Weekly Scam Roundup, we’re diving into the most outrageous scam I’ve seen yet: the $LIBRA fiasco! This massive scam has it all, politicians, influential figures, KOLs, and even connections to the $Melania token. It’s so huge that it could even lead to the impeachment of the President of Argentina. Here’s how it all unfolded:

It all started when a U.S. developer, Hayden Davis, revealed he’s still sitting on around $100 million worth of Solana (SOL) tied to the $Libra contract. Davis claims to have control over this massive amount of crypto, but he also fears for his and his family’s lives due to the powerful figures involved. He says those behind the project have stopped communicating with him about what to do with the $100 million SOL under his control.

Coffeezilla, a popular YouTube channel, managed to score an interview with Davis, shedding light on some shocking details.

Overview of the Coffeezilla Interview

In his interview with Coffeezilla, Hayden Davis, the developer behind the $Libra meme coin, explained the challenges surrounding its launch. While Davis attempted to distance himself from the scam’s fallout, claiming he was just a “low-level dev” with no monetary stake in the project, the conversation revealed some disturbing truths. Davis discussed insider trading and the devastating impact of “snipers” on the project, explaining how some developers intentionally “snipe” their own coins to prevent other market players from dumping their assets.

He also touched on the difficulties of managing liquidity and the harm caused by expert snipers. Davis suggested a potential solution: a pro-rata share of losses or injecting more funds into the market. While Hayden claimed to have tried to protect the project, he still faces personal risks, including threats to his life and family. His call for help from key players like Javier Milei was also highlighted.

Investigating the Argentina Meme Coin Disaster

Coffeezilla dove into the crash of the $Libra meme coin after the President of Argentina publicly supported it. In a shocking turn of events, $100 million went missing, and people are demanding answers.

Hayden Davis admitted to being skittish during the interview, noting that certain comments had to be omitted for privacy reasons. The full story is more complicated than it appears, and the political ramifications are far-reaching.

Hayden Discusses the $Libra Challenges

One of the key issues Hayden raised in the interview was the prevalence of expert snipers who buy up a coin immediately after its launch, which many times leads to price crashes. According to Hayden, when the snipers sell off their holdings in one clip (selling everything in one transaction), it tanks the chart. Despite his claims, the evidence doesn’t lie because the charts clearly show when this happened. Just look at the chart below.

To prevent other snipers from affecting the project, Davis said dev teams sometimes snipe their own tokens to control the supply. (I personally don’t believe this. I believe they do this to make loads of money. Why else are they launching these projects?). While this practice might temporarily stabilize prices, it’s a problematic tactic for the long-term health of the project. Hayden also explained how liquidity management is crucial to preventing chart crashes and market instability.

The Role of Argentina’s President

Hayden speculated on the political pressure behind Argentine President Javier Milei’s tweet supporting the $Libra coin. Hours later, he deleted the tweet after the project collapsed. This raises questions about the motivations behind the President’s involvement and the potential backdoor dealings that may have taken place. We will cover this more at the end of this article.

Public Perception and Ethical Dilemmas

Public perception of the $100 million raised concerns about unfair value extraction. Coffeezilla questioned whether the money should be returned to the people. Hayden acknowledged that meme coins are challenging to evaluate and insisted that the project’s experimental nature made it harder to gauge its true worth.

Questions also arose about the involvement of Manuel and Mauricio from Tech Forum Argentina, as well as Kit Protocol’s role in the project. Hayden clarified that the project’s association with the President was not official, though the meme coin’s launch had significant political and social implications.

Insider Knowledge, Market Manipulation, and Ethics

Coffeezilla raised red flags about insider knowledge of the $Libra contract before its launch. He pointed to Dave Portnoy’s involvement, which raised suspicions of market manipulation. Hayden defended the practice of sniping as a means to protect the project from other malicious players.

The ethical issues surrounding meme coins were also discussed. Coffeezilla stressed the need for transparency and fair market practices, while Hayden argued that meme coins shouldn’t be treated like traditional capital markets. He likened them to casinos, where high risk is the nature of the game.

Handling the $100 Million and Accountability

Coffeezilla suggested taking a snapshot of the market, calculating profits and losses, and distributing a fair share of losses to return funds to the people. Hayden discussed the difficulties of managing the $100 million, highlighting the potential for insider trading and the lack of guidance from Argentina’s government. He expressed frustration with the public’s perception of him and his role in the debacle.

Hayden’s Personal Risks and Public Perception

Hayden revealed that he’s been receiving threats and his family is at risk. He clarified that he was a facilitator and advisor in the project, not the lead developer. Despite the challenges, Hayden remains hopeful about the future of meme coins and their potential to create real-world utility.

Hayden shared his vision for the future of meme coins, calling for better regulatory structures and clearer communication with the public. He hopes to move on from the current mess and focus on more positive projects going forward.

Challenges in Crypto Market Liquidity and Sniping

Liquidity issues and sniping were central to the conversation. Hayden explained that retail investors often miss out on profits because they only see market movement 10-20 minutes after it happens. He also pointed out that projects should focus on long-term sustainability rather than quick profits.

Despite Coffeezilla’s suggestions for better liquidity pool structures, Hayden argued that sniping will always occur. It’s a difficult balancing act between marketing hype and stealth launches, but finding the right strategy is key to preventing market manipulation.

This was just an outline of the interview. Please support Coffeezilla and watch the entire interview here.

Hayden’s Sister, the Trump Crypto Ball, and More Rumors

The rumors surrounding Hayden only grew after the interview. Allegedly, his sister, Scotlyn Davis, was seen at a Crypto Ball where insiders received information about the $Trump coin before it was released. Additionally, a shocking claim surfaced from an Argentine TV network, Todo Noticias, suggesting that Hayden Davis may not even be a real person but an imposter using a fake name.

Finally, a bizarre rumor emerged that Hayden had an affair with Karina Elizabeth Milei, the General Secretary of the Presidency of Argentina, and allegedly paid her $100,000 to terminate the pregnancy. Note that Karina is Javier Milei’s sister. These wild claims continue to swirl around the $Libra saga. Check out this alleged leaked text between Hayden and an unknown party discussing his control over Milei and his sister:

There’s Something Weird Going on Here

The $Libra scam is a complex and multifaceted case that has shaken the crypto community. With political figures involved, insider trading, and a massive loss of funds, the story is far from over. Stay tuned for further updates on this ongoing saga. It is of my opinion that there have been nefarious groups taking advantage of politicians and various celebrities using them to pump up their tokens and Javier Milei was used. Kanye West revealed how these scammers contacted him and attempted to pay him off to do the same thing just last week. This was likely the same group involved with $Libra.