The CEO of Kelsier Ventures insists that there is no connection with the controversial LIBRA Token project.

PANews June 30 news, according to Cryptoslate citing Argentine media La Nacion, the latest developments in the legal dispute over the Libra Token show that Kelsier Ventures CEO Hayden Mark Davis submitted a voluntary statement to a federal court in New York last Monday. The core of the case is a class action lawsuit filed by American investors who suffered losses after the controversial Libra Token rapidly rose and then faced a big dump. Hayden Mark Davis firmly denies any allegations of fraud, insider trading, or other misconduct. Instead, he attributes the sudden fall in Token prices to Argentine President Javier Milei deleting a social media post supporting LIBRA. Hayden Mark Davis stated that Javier Milei's tweet initially heightened people's interest and investment in the project, but the subsequent deletion of the tweet sparked rumors and allegations that LIBRA is a scam, which Hayden Mark Davis insists are false. Hayden Mark Davis described LIBRA as a project aimed at supporting small businesses and educational initiatives in Argentina, rather than a deceptive pump-and-dump scheme to defraud investors. He emphasized that he was not aware of any "snipers" (individuals who allegedly purchased the Token in large quantities before the LIBRA launch and profited from it) and denied having participated in such activities. Hayden Mark Davis also attempted to challenge the jurisdiction of the New York federal court, arguing that he has no residence or business activities in New York and that the project was conceived and executed in Argentina. He suggested that any legal proceedings should take place in Argentine courts. Notably, in Hayden Mark Davis's statement, he proposed to return approximately 100 million dollars of investor funds, which he reportedly transferred during the period from February 14 to 15, 2025. However, the plan was hindered by a U.S. court order freezing over 55 million dollars in crypto assets.