When Milei and his team removed their posts, investors who had bought the token based on his endorsement felt betrayed. Despite prior commitments, Milei and his team unexpectedly reversed their position, withdrawing their support and deleting all social media posts that backed it. As the launch advisor for the Libra Token project, I want to clarify key aspects of the launch and address recent developments regarding Javier Milei's involvement and subsequent withdrawal of support. The sudden loss of trust had a catastrophic impact on the token's market stability, he explained in a message. Furthermore, he detailed his role in 'guaranteeing the project's liquidity' and stated he still maintains 'control over all fee and treasury funds.' 'To my surprise, Milei subsequently issued a statement claiming his withdrawal was due to alleged misconduct by the project's sponsors, calling them scammers. In a message posted as an official statement and also in a video, he emphasized: 'My associates had publicly endorsed the launch and guaranteed me their support would continue throughout the process. Given my role as an advisor, my primary responsibility was to ensure the token had sufficient volume, liquidity, and a solid reserve fund to support its price and execute the project's vision. Javier Milei initially backed and actively promoted Libra Token on social media platforms, including X and Instagram,' the American highlighted. Davis with Milei. As a custodian—not owner—of these funds, I am not comfortable transferring them to Milei's associates or the KIP team. I can only assume that Milei's associates tried to shift the blame onto Julian to protect themselves from accountability, he emphasized. Davis assured that 'it's crucial to recognize that investments in memecoins are based on trust and public endorsement.' Unless a more viable alternative emerges, I intend to execute this plan within the next 48 hours. Buenos Aires, March 3 (NA) — Over a year after the $LIBRA crypto scandal, the Justice Department found drafts of a 'confidential agreement between President Javier Milei and Hayden Davis' on Mauricio Novelli's phone. This contradicts Davis, who called himself the project's 'launch advisor' and claimed the president and 'his associates had publicly supported' the project days after the controversy. Davis had met with the Argentine leader at the Casa Rosada on January 30. I remain committed to transparency and will continue to provide updates as the situation develops, he added. This abrupt decision was made without prior notice and directly contradicted previous guarantees, the trader highlighted in the @KelsierVentures account. I categorically reject this claim and want to emphasize that Julian Peh, founder of KIP Network and the primary sponsor of Libra Token, is completely innocent of any wrongdoing. Instead, after consulting with experts, I propose to reinvest 100% of the funds under my control, up to $100 million, back into Libra Token and burn the entire purchased supply. Previously, in October 2024, Milei had met the other link in the chain: the founder of KIP Protocol, Julian Peh, at the Tech Forum LATAM event. Following Milei's promotion and the collapse of $LIBRA, Peh pointed to Davis, who, a day after the scandal erupted, came out to defend himself and present his version of events. I want to make unequivocally clear that I have not taken, nor will I take, any of these funds for my personal benefit. However, as an advisor, there were many factors outside my control. This triggered a wave of massive sales, which further exacerbated the situation.
