TechFlow reported on February 16 that Chaofan Shou, a member of the Solayer team, published a diagram illustrating the relationships among parties involved in the LIBRA token issuance, stating, "This is based on on-chain data; community corrections are welcome if any errors exist."
According to the chart, a behind-the-scenes conspiracy group issued the LIBRA token through advisor Hayden Mark Davis (Kelsier Ventures) and outsourced market-making operations to an Indian company. Kelsier Ventures and the market-making firm are also insiders involved in former First Lady Melania Trump’s token MELANIA, as well as ENRON, BOB, RAG, M3M3, and OGME tokens. The main sponsor of LIBRA, KIP Protocol (founded by Julian Peh), facilitated connections with associates of Argentine President Milei, ultimately leading Milei to post supportive tweets promoting the token.
Previous report: Solayer's founder stated they suffered over $2 million in losses due to LIBRA and will take action.
