Meteora and Kelsier Labs Face Class Action Lawsuit for Manipulating M3M3 Token Issuance

Meteora: A blacklist mechanism will be launched to prevent entities with a poor track record, such as Kelsier, and users who engage in volume manipulation from receiving MET allocations.

DeFiTuna refunds LIBRA token issuance advisor Kelsier's investment, accusing him of manipulating multiple token projects.

Meteora Co-founder: I once recommended Kelsier to the team behind MELANIA, but I have never purchased, received, or managed tokens such as MELANIA or LIBRA.

E MONEY NETWORK Completes $3.3 Million Financing, Led by ANIMOCA and KELSIER VENTURES

E MONEY NETWORK Completes $3.3 Million Bridge Round Led by ANIMOCA BRANDS and KELSIER VENTURES

E MONEY NETWORK Completes $3.3 Million Bridge Round of Financing Led by ANIMOCA BRANDS and KELSIER VENTURES

🔵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.

U.S. Court Freezes USDC Assets Worth 57.65 Million USD Linked to LIBRA Token

【🚀DeFi | @MeteoraAG and LIBRA Issuer Sued by US Law Firm for Alleged Fraudulent Issuance of $M3M3 Token】 #LIBRA The US law firm Burwick Law recently announced a lawsuit against several cryptocurrency companies, including Meteora and Kelsier, and their team members, alleging that Meteora engaged in fraudulent activities during the launch of the $M3M3 token. 📍See the report: https://t.co/ioyZWQ5GUU

Solana DEX Meteora Faces Class Action Lawsuit Over Allegations of Fraud Related to M3M3 Meme Coin

The DEX platform Meteora and investment fund Kelsier Labs are facing a class-action lawsuit alleging manipulation of the memecoin M3M3, resulting in $69 million in damages. See more 👉 https://t.co/zKgDYPTn15 https://t.co/eLHhm7mRoF

Investors sue Meteora and venture capital firms, accusing them of manipulating the issuance and price of M3M3 tokens

The American law firm Burwick Law has filed a class action lawsuit against the parties related to the M3M3 token, accusing them of fraud.

🚨New: @MeteoraAG has launched a community-driven blacklist to exclude bad actors like Kelsier Ventures and other scammers from receiving $MET airdrop. In partnership with @bubblemaps and @Rugcheckxyz, the list will be open, verifiable, and publicly accessible via GitHub. https://t.co/6HNg3orR92

Planet Early News

Burwick Law has filed a lawsuit against Kelsier Ventures and others for manipulating liquidity in their Libra token and deceiving investors with false high returns. #Crypto #Investment #Libra #Lawsuit #Fraud

🚨NEW: @BurwickLaw files a lawsuit against @KelsierVentures, KIP, MeteoraAG and related parties over $LIBRA token launch, alleging fraud and retail investor harm. https://t.co/KswbfAYkUZ

Burwick Law has filed a lawsuit against the parties involved in the issuance of LIBRA tokens in the New York Supreme Court.

SoSo Daily Mar 6 | Mt. Gox Transfers Over $1 Billion in Bitcoin to Unmarked Address

ARGENTINA’S CHIEF PROSECUTOR ORDERS $100M CRYPTO FREEZE IN LIBRA COIN SCANDAL- Argentina’s Chief Prosecutor, Eduardo Taiano, ordered the freezing of nearly $100 million in crypto linked to the sale of $LIBRA coins, Clarín reported.Key Developments:- LIBRA skyrocketed to a $4.5 billion market cap before collapsing last February raising allegations of a pump-and-dump scheme.- President Javier Milei promoted LIBRA on X, claiming it would support small businesses. He later deleted his tweet after the token crashed.- Milei now faces fraud charges, with authorities investigating the token’s financial records and deleted social media posts.- Before LIBRA’s crash, a small group of wallets holding most of the supply reportedly cashed out. Kelsier Ventures CEO Hayden Davis admitted to making $100M from the project, according to Decrypt.- Reports claim 40,000 investors were affected, but Milei disputes this, saying only 5,000 were involved.- Law enforcement, regulators, and international exchanges have been urged to cooperate in freezing funds.Milei’s Defense:- Milei insists he shared LIBRA in good faith, believing it could benefit Argentine entrepreneurs.- He dismissed the impact on local investors, saying:“Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most.”- However, this isn’t Milei’s first crypto controversy. In 2022, before becoming president, he was sued for promoting CoinX, a platform that falsely promised massive returns.Image: Cato Institute

Argentine prosecutors seek to freeze $110 million in assets related to the Libra meme coin scandal.

🤯🇦🇷 So, it turns out one of the creators of the meme coin #LIBRA allegedly bribed Argentina’s president! Coindesk spills the tea ☕️ ◻️ Private messages from Hayden Davis surfaced, where he boasts about buying support from Javier Milei: “I control this guy. I send money to his sister, and he signs whatever I say and does whatever I want.” 🤨💸 ◻️ Argentina's opposition is already throwing around impeachment threats against the president + Javier Milei is facing fraud accusations. Yikes! 😬 ◻️ These chats could give the current administration yet another reason to kick off an anti-corruption probe. 📉🔍 ◻️ But hey, guess who cashed in big time? [Hayden Davis and Kelsier ](https://t.co/hprPiWWHha)Ventures raked in over $100 million within hours of LIBRA's launch! 💰🚀 #CryptoDrama

🚨 BREAKING: The full investigative report on Hayden Davis, Kelsier Ventures Co-Founder and CEO, is now live. https://t.co/8ioPHDyYbt

🚨 JUST IN: The US Department of Justice has reportedly launched an investigation into President Javier Milei’s promotion of $LIBRA and the role of its founders, including Kelsier Ventures’ Hayden Davis, KIP Protocol’s Julian Peh, and two Argentine entrepreneurs. https://t.co/goreeOJYjr

BREAKING: DOJ Reportedly Launches Investigation Into LIBRA Token CaseThe U.S. Department of Justice has allegedly initiated an inquiry into President Javier Milei’s involvement in promoting LIBRA, as well as the roles of the project's founders—Hayden Davis of Kelsier Ventures, Julian Peh of KIP Protocol, and two Argentine entrepreneurs—in the scheme.

"Argentinian President and Kelsier Ventures rugs millions""ByBit hacked for $1.5bn""Sentiment is at an all time low""The lawless, wild west is now crypto" https://t.co/7d2bLrLRwP

‼️ $LIBRA Rug Pull: Insiders Took Millions, the Market Took the Loss We’re back with another deep dive into the #LIBRA chaos — total losses now exceed $500M, making it one of the biggest insider scams in crypto history. ☠️ How Did They Steal Hundreds of Millions? ➖ Launching Memecoins – M3M3 was used to push $LIBRA, #MELANIA, #AIAI, #MATES, #ENRON. Insiders stocked up before the public even knew. ➖ Liquidity Manipulation – Kelsier and Ben Chow controlled trading, preventing real market price discovery. ➖ Pump Through Influencers – massive hype lured retail investors in. ➖ Dump – insiders cashed out, leaving late buyers with worthless tokens. Who’s Involved? 🥷 1. Kelsier – admitted to a $100M fraud, then offered to “buy back” tokens — just another pump scheme. 2. Ben Chow (Meteora) – stepped down after the scandal, but his team controlled liquidity. 3. Hayden Davis – orchestrated fund withdrawals and insider trading. 4. Argentina’s President – his tweets were used to drive buying frenzy. The Aftermath 📉 ➖ 75,000 wallets wiped out, $200M stolen, and total market losses over $500M. ➖ Solayer developer lost $2M investing in insider-run tokens. ➖ Ben Chow left Meteora, claiming “his team wasn’t involved” 💡 What’s Next? Solana’s ecosystem took a hit, but insider-driven memecoins aren’t going anywhere. Meanwhile, #FTX repayments are bringing fresh liquidity into the market, and record short positions on #ETH ($11B) suggest that manipulation is far from over. ⚠️ $LIBRA shows exactly how this market works: those in the know make millions, the rest get left with nothing #Crypto #CryptoNews

Hayden Davis of Kelsier Ventures reveals tactics to "max extract" from controversial memecoins like LIBRA and MELANIA, the largest rug pulls of 2025. Read more: https://t.co/wrCrevfCkT #DeFi #Web3 #Memecoins #LIBRA #MELANIA #CryptoNews

📊Deep Dive: How @KelsierVentures Profited $116M from $LIBRA and $MELANIA While Traders Lost Millions ✍️ @ario_57_ https://t.co/ZtCWJAhZyG

🔥 สรุปเหตุการณ์เหรียญ $LIBRA และผลกระทบที่เกิดขึ้นแบบเข้าใจง่าย.1⃣ จุดเริ่มต้นโดย Javier Milei ประธานาธิบดีอาร์เจนตินา โพสต์สนับสนุนเหรียญ $LIBRA บนโซเชียลมีเดีย โดยอ้างว่าจะช่วยสนับสนุนเศรษฐกิจของประเทศและธุรกิจขนาดเล็ก พร้อมแชร์ Contract Address ให้ผู้คนซื้อเหรียญดังกล่าว.2⃣ ความเชื่อมั่นและการปั่นราคา ในช่วงแรกผู้คนเชื่อว่าเป็นโครงการจริง เนื่องจากโพสต์จากช่องทางส่วนตัวของ Milei และมีนักการเมืองอื่นๆ ร่วมสนับสนุน ทำให้ Market Cap ของ $LIBRA พุ่งขึ้นไปถึง 4.5 พันล้านดอลลาร์หรือ 150,000 ล้านบาท ภายในเวลาไม่กี่ชั่วโมง.3⃣ การเทขายและความเสียหาย ข้อมูลจาก Bubblemaps เผยว่า 82% ของ Supply อยู่ในกลุ่มกระเป๋าเดียวกันและไม่ถูกล็อก ทำให้เกิดการเทขายอย่างรวดเร็ว Market Cap ลดลงกว่า 80% ภายในเวลาไม่กี่ชั่วโมง.4⃣ ปฏิกิริยาของ Milei ได้ลบโพสต์และชี้แจงว่าไม่ได้ตรวจสอบรายละเอียดให้ดีก่อนโพสต์ แต่ความเสียหายได้เกิดขึ้นแล้ว.5⃣ ผลกระทบทางการเมืองและกฎหมาย📷 Milei ถูกฟ้องร้องข้อหาฉ้อโกงจากการส่งเสริมเหรียญที่ทำให้นักลงทุนขาดทุน▪️ ฝ่ายตรงข้ามทางการเมืองขู่ว่าจะถอดถอนเขาออกจากตำแหน่ง▪️ สำนักงานต่อต้านการทุจริตของอาร์เจนตินาเริ่มสอบสวนโครงการ $LIBRA▪️ ชื่อเสียงของ Milei เสียหายอย่างหนัก.6⃣ การเปิดเผยผู้เกี่ยวข้อง Hayden Mark Davis CEO ของ Kelsier Ventures ออกมาเปิดเผยว่าเป็นที่ปรึกษาให้กับโครงการ $LIBRA และดูแล Liquidity โดยทีมงานของ Milei ได้รับการแนะนำจาก KIP Protocol ซึ่งเคยเสนอการใช้บล็อกเชนเพื่อสนับสนุนธุรกิจในอาร์เจนตินา.7⃣ การสัมภาษณ์ของ Coffeezilla โดย Davis ให้สัมภาษณ์ว่า▪️ มีการ Snipe Supply และให้สิทธิ์ Insider ซื้อเหรียญก่อน▪️ ทีม Kelsier มีส่วนเกี่ยวข้องกับเหรียญ Pump & Dump อื่นๆ เช่น $MELANIA และ $TRUMP▪️ ทำกำไรไปกว่า 113 ล้านดอลลาร์.8⃣ ผลกระทบต่อ Solana Ecosystem เหรียญ $LIBRA และเหรียญอื่นๆ ที่เกี่ยวข้อง เช่น $TRUMP และ $MELANIA ส่งผลให้ Liquidity ใน Solana Ecosystem ถูกดึงออกไปอย่างมาก Volume การซื้อขายลดลง และผู้เล่นเริ่มหันไปสนใจ BNB Chain และ Ethereum แทน.9⃣ อนาคตของ Solana ผู้คนเริ่มมองว่า Solana อาจถึงจุดจบของ "Casino Era" เนื่องจากเงินไหลออกไปยัง Ecosystem อื่น และเหรียญใน Solana ถูกเทขายอย่างหนัก.⚡️ เหตุการณ์นี้ไม่เพียงแต่สร้างความเสียหายให้กับนักลงทุน แต่ยังส่งผลกระทบต่อชื่อเสียงของ Javier Milei และ Solana Ecosystem โดยอาจเป็นจุดเปลี่ยนสำคัญที่ทำให้ผู้คนเริ่มหันไปสนใจ Blockchain อื่นๆ มากขึ้น

LIBRA MEMECOIN CRASH: 86% OF TRADERS LOST $251M- Onchain data from Nansen Research has exposed the brutal impact of the LIBRA memecoin collapse. A staggering 86% of traders were caught in a pump-and-dump, leading to $251M in losses.Here’s a full breakdown of what happened:LIBRA Boom and Bust:- LIBRA was minted on Feb 14 at 21:38 UTC.- Just 23 minutes later, Argentine President Javier Milei shared a post about it on X (formerly Twitter).- By 22:44 UTC, the token surged to $4.55, reaching a market cap of $4 billion.- Within hours, the price collapsed by 95%, leaving most traders in heavy losses.The Numbers: Who Lost & Who Won?- Total losses: $251 million- 15,430 wallets traded LIBRA with at least $1,000 profit/loss- 86% of traders (over 13,000 wallets) lost moneySmall traders hit hard:- 1,478 wallets lost between $1,000–$10,000 → $4.8M total losses -2,800 wallets lost between $10,000–$100,000 → $82.4M total lossesBig losses among high-stakes traders:- 392 wallets lost between $100,000–$1 million → $96.5M total losses- 23 wallets lost more than $1 million → $40.9M total losses- Biggest single loss: Barstool Sports founder Dave Portnoy lost $6.3M.- 15 worst wallets together lost $33.7M, with one wallet still holding 57% of its initial balance.Profitable wallets:- Only 2,101 wallets made money, taking home $180M in gains- Insiders and early traders cashed out millions before the crash- Hayden Davis (CEO, Kelsier Ventures) and Julian Peh (CEO, KIP Protocol) are key figures behind LIBRA.- Davis reportedly made $100M but claims he doesn’t directly hold LIBRA.Legal investigations underway:- Burwick Law (handling Pumpfun & Hawk Tuah lawsuits) is now investigating LIBRA. The firm is gathering evidence for legal action on behalf of affected investors.- The President claims he “only shared information” and wasn’t promoting the token.His X post was deleted within 5 hours after the controversy erupted.- Meanwhile, Argentine opposition is calling for his impeachment over the scandal.Image created by BSCN using AI

📣12-Hour Update: The News You Can’t Afford to Miss… [February 14th]- Nigerian officials sue @Binance for $79.5B for ruining their country's currency per Reuters- $LIBRA's Hayden Davis & company Kelsier Ventures wallet now traceable on Arkham Intel platform- @Hashdex has been granted approval from the Brazilian SEC to launch the World’s first XRP spot ETF in Brazil- @monad_xyz Testnet goes live- @BinanceUS resumes USD deposits and withdrawals for the first time since 2023

📹LATEST: Kelsier holds almost $300M in funds across 1000 addresses, whistleblower comes forward, and SOL dipped to $165. Could the $LIBRA contagion spread further? https://t.co/TRbF3bWZT0

We’d like to share an important update regarding @KelsierVentures’ investment in Saturn. In light of recent revelations, Saturn has engaged legal counsel to refund the $45,000 investment in full. To avoid any confusion, Saturn has never engaged @KelsierVentures for marketing or professional services.

🚨 JUST IN: Arkham Intelligence is now tracking wallet addresses linked to Kelsier Ventures (Hayden Davis), which holds nearly $300M, primarily in $LIBRA https://t.co/QBDaxnAS85

BREAKING: 1000+ KELSIER VENTURES ADDRESSES NOW ON ARKHAMWe have identified over 1000 addresses belonging to Kelsier Ventures, a.k.a. Hayden Davis.Kelsier addresses that hold LIBRA-associated funds are tagged in our ‘Libra’ entity. Kelsier addresses separate from the LIBRA project are tagged as ‘Kelsier Ventures (Hayden Davis)’.We are the first to publicly identify this full set of addresses.

💥 $LIBRA Scandal Rocked @Solana: The Whole Story The so-called “official token of Argentina” pumped to $4B—then crashed 90% overnight and exposed a lot of the dark side. What went down? 👇🔹 82% of supply was controlled by a few wallets.🔹 Political fallout—Argentina’s president is under fire.🔹 Kelsier Ventures & Meteora insiders cashed out millions.🔹 $LIBRA marked as "another Sol memecoin rug": Same scammers, different token.🔹 Meteora co-founder resigned after ties to dumpers surfaced.🔹 Community backlash—top influencers under fire for early access.🔹 Solana DEX volumes down, investors bailing.

Kelsier Ventures, the issuer of Libra, is accused of paying money to bribe the president’s sister and is the mastermind behind multiple “Rug Pulls”. Where does it come from? As the Libra coin issuance farce fermented for several days, the token market maker Kelsier Ventures and its CEO Hayden Davis, the manipulators behind the scenes, surfaced. This article will get to know them, understand their background, and the role they played in the Libra scandal. Note: This article is AI-translated; slight inaccuracies may exist.

LIBRA CREATOR CLAIMS PAYING MILEI'S SISTER TO CONTROL ARGENTINE PRESIDENT: REPORT- Hayden Davis, the creator of the $LIBRA token, has made shocking claims of paying Karina Milei, sister of Argentine President Javier Milei, to influence key decisions, per CoinDesk.Key Details:- In text messages reviewed by CoinDesk, Davis, CEO of Kelsier Ventures, says he could "control" President Milei by paying Karina. He even claims, "I send $$ to his sister, and he does what I want."- Davis denied the allegations, stating he never paid the Mileis, calling it a "politically motivated attack." Despite this, text messages suggest otherwise.- The $LIBRA memecoin, launched on Solana, soared to a $4.5B market cap, only to crash 95% shortly after. Early insiders, including Davis, profited over $100M before the collapse.- President Milei denied promoting $LIBRA but acknowledged spreading the word. He faces accusations of involvement in an alleged “rug pull.”- Argentina’s Anti-Corruption Office is investigating the scandal, with some calling for Milei's impeachment. Lawyers claim the president's actions misled investors.Images: Perfil and Buenos Aires Times