{"investigation":{"slug":"kelsier-ventures","entity_name":"Kelsier Ventures","trust_score":4,"severity_base":null,"score_modifier":0,"confidence":0.88,"status":"published","content_type":"investigation","summary":"Kelsier Ventures (also operated as Kelsier Labs LLC) is a Delaware-registered crypto venture capital and marketing firm controlled by the Davis family — Hayden Davis (CEO), Gideon Davis (COO), and Tom Davis (Chairman) — with Charles Thomas Davis also named in litigation. The firm is a co-defendant in two active federal class-action lawsuits in the U.S. District Court for the Southern District of New York alleging it served as the marketing and execution arm for a coordinated serial pump-and-dump scheme spanning at least 15 Solana-based memecoins, including MELANIA, LIBRA, M3M3, ENRON, and TRUST, resulting in alleged investor losses exceeding $69 million across the five focal tokens and an estimated $251–280 million in LIBRA alone. Hayden Davis publicly admitted to sniping both the MELANIA and LIBRA tokens, and blockchain analytics firm Bubblemaps documented on-chain evidence linking Davis-controlled wallets to more than $100 million in alleged liquidity extraction.","sections":[{"content":"Kelsier Ventures, also referred to in court filings as Kelsier Labs LLC, is a Delaware-registered firm that presents itself as a Web3 venture capital and marketing company. It was founded during the COVID-19 period and initially provided NFT marketing advisory services before expanding to cryptocurrency marketing and token launch services around 2022. In 2023, operations shifted to Dubai, UAE. The firm is structured as a family business: Hayden Mark Davis (born November 27, 1996) serves as CEO; his brother Gideon Davis serves as COO; and their father Tom Davis serves as Chairman. Charles Thomas Davis is named as an additional co-founder in federal litigation. The firm's Crunchbase and PitchBook profiles describe a legitimate venture investment focus on blockchain and Web3 companies, though federal complaints characterize its primary operational role as executing token launches, coordinating influencer marketing, and managing liquidity extraction.","heading":"Entity Overview","sources":[{"url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal","name":"$Libra cryptocurrency scandal — Wikipedia","type":"other","credibility":2},{"url":"https://www.chaincatcher.com/en/article/2168334","name":"Uncovering Kelsier Ventures — ChainCatcher","type":"news_article","credibility":2},{"url":"https://www.crunchbase.com/organization/kelsier-ventures","name":"Kelsier Ventures — Crunchbase","type":"other","credibility":2}],"severity":"medium"},{"content":"On April 19, 2025, Jonathan Clarke and Rodrigo Ferreira Da Cruz Vogt filed a class-action complaint in the U.S. District Court for the Southern District of New York (Case No. 1:25-cv-03268) naming Benjamin Chow, Meteora, Kelsier Labs LLC, Hayden Davis, Gideon Davis, and Charles Thomas Davis as defendants. The complaint alleges serial pump-and-dump schemes beginning with the launch of the M3M3 memecoin on December 4, 2024. It asserts that insiders acquired as much as 95% of the M3M3 token supply using a network of over 150 wallets, restricted public access to early trading windows while inflating the price through internal trades, and then dumped holdings on the market, triggering a sharp crash within days of launch. The complaint alleges unregistered offer and sale of securities, securities fraud, violations of New York deceptive business practices law, common law fraud, negligent misrepresentation, and unjust enrichment. Investor losses from M3M3 are alleged to exceed $69 million. The complaint characterizes Kelsier as a venture capital firm run by the Davis Defendants operating under Ben Chow's direction. Plaintiffs seek compensatory and punitive damages, rescission, and appointment of a receiver over Meteora.","heading":"Federal Litigation: Clarke v. Chow (SDNY 1:25-cv-03268)","sources":[{"url":"https://business.cch.com/srd/20250419_Clarke-v-Chow_complaint.pdf","name":"Clarke et al v. Chow et al — SDNY complaint PDF (CCH)","type":"court_filing","credibility":1},{"url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv03268/640898","name":"Clarke et al v. Chow et al — Justia docket 1:2025cv03268","type":"court_filing","credibility":1},{"url":"https://news.bloomberglaw.com/litigation/meteora-conducted-69-million-memecoin-scam-token-buyers-allege","name":"Meteora Conducted $69 Million Memecoin Scam, Token Buyers Allege — Bloomberg Law","type":"news_article","credibility":1},{"url":"https://crypto.news/class-action-targets-meteora-and-kelsier-execs-over-69m-m3m3-token-crash/","name":"Class-action targets Meteora and Kelsier execs over $69m M3M3 token crash — Crypto.news","type":"news_article","credibility":2}],"severity":"critical"},{"content":"On March 17, 2025, Omar Hurlock filed a separate class-action complaint in New York state court, which was removed to the U.S. District Court for the Southern District of New York (Case No. 1:25-cv-03891-JLR) on May 9, 2025. This action, brought by Burwick Law on behalf of investors who purchased LIBRA and M3M3 tokens, names Kelsier Ventures, Hayden Davis, Gideon Davis, Charles Thomas Davis, Benjamin Chow, and Meteora as defendants. The complaint alleges that defendants implemented an inherently unfair and manipulative token distribution strategy that artificially controlled token prices, and coordinated insider trading to extract approximately $107 million in profits while retail investors lost an estimated $280 million on LIBRA alone. A Temporary Restraining Order was issued freezing approximately $57.65 million in USDC across two Solana-based wallets tied to Kelsier Ventures. On August 19, 2025, Judge Jennifer L. Rochon vacated the TRO and denied the preliminary injunction, citing plaintiffs' failure to demonstrate irreparable harm and finding that monetary damages constitute an adequate remedy at law — a procedural ruling that did not adjudicate the merits of the underlying fraud claims. The court also noted that Davis had complied with all court orders and no assets had been dissipated. An amended complaint filed in July 2025 expanded allegations to cover at least 15 token launches. A motion to dismiss was filed by defendants on October 31, 2025. Hayden Davis filed a separate motion to dismiss for lack of personal jurisdiction, arguing he does not reside in New York, transacts no business there, and the token was conceived in Argentina.","heading":"Federal Litigation: Hurlock v. Kelsier Ventures (SDNY 1:25-cv-03891)","sources":[{"url":"https://www.courtlistener.com/docket/70237496/hurlock-v-kelsier-ventures/","name":"Hurlock v. Kelsier Ventures — CourtListener docket 1:25-cv-03891","type":"court_filing","credibility":1},{"url":"https://dockets.justia.com/docket/new-york/nysdce/1:2025cv03891/642202","name":"Hurlock v. Kelsier Ventures — Justia docket 1:2025cv03891","type":"court_filing","credibility":1},{"url":"https://fox59.com/business/press-releases/accesswire/1042263/burwick-law-files-consumer-protection-lawsuit-over-libra-token-tro-entered-in-hurlock-v-kelsier-no-125-cv-03891-jlr-s-d-n-y-freezing-280-million-dollars","name":"Burwick Law Files Consumer-Protection Lawsuit Over LIBRA Token — press release via Fox59","type":"other","credibility":2},{"url":"https://www.sbaitilaw.com/blog/press-release/federal-court-unfreezes-57m-in-frozen-crypto-assets-held-by-libra-token-promoters/","name":"Federal Court Unfreezes $57M in Frozen Crypto Assets Held by LIBRA Token Promoters — Sbaiti and Company","type":"other","credibility":2},{"url":"https://cointelegraph.com/news/libra-token-creator-seek-dismiss-class-suit","name":"LIBRA Token Maker Says Class Lawsuit Lacks Jurisdiction — CoinTelegraph","type":"news_article","credibility":2},{"url":"https://www.burwick.law/active-cases/m3m3-and-libra-token-lawsuit-hurlock-v-kelsier","name":"$M3M3 and $LIBRA Token Lawsuit: Hurlock v. Kelsier — Burwick Law","type":"other","credibility":2}],"severity":"critical"},{"content":"The LIBRA token was created on the Solana blockchain by Kelsier Ventures on February 14, 2025, under the banner of a project called Viva La Libertad, publicly framed as an initiative to boost Argentina's small-business economy. Minutes after creation, Argentine President Javier Milei promoted the token across his social media accounts. The token surged from a negligible price to $5.20 within 40 minutes, reaching a peak market capitalization of approximately $4.6 billion. Blockchain records show that nine founding wallets alleged to be controlled by Kelsier-affiliated accounts sold their holdings within hours, extracting an estimated $87 million to $107 million in USDC and SOL. The token subsequently lost approximately 85–95% of its value within hours. An estimated 44,000 to 75,000 retail investors suffered aggregate losses of approximately $251–$280 million. Hayden Davis publicly admitted he had sniped the LIBRA token — a practice of acquiring tokens at negligible cost at or before launch before public trading begins, analogous to front-running. He subsequently stated he intended to return approximately $100 million in investor funds, but a U.S. court order froze approximately $57.65 million in assets before any voluntary return occurred. Argentine congressional investigators released a 200-page report in November 2025 concluding that President Milei allegedly used the presidency to promote what they characterized as a scam. Blockchain analytics firm Bubblemaps documented on-chain evidence linking wallets attributed to the LIBRA team to wallets previously used in the MELANIA token operation.","heading":"Alleged Role in the LIBRA Token Collapse","sources":[{"url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal","name":"$Libra cryptocurrency scandal — Wikipedia","type":"other","credibility":2},{"url":"https://www.thestreet.com/crypto/policy/this-28-year-old-made-100m-launching-a-token-with-argentina-president-javier-milei","name":"This 28-year-old made $100M launching a token with Argentina President — TheStreet Crypto","type":"news_article","credibility":2},{"url":"https://cryptobriefing.com/libra-token-controversy-hayden-davis/","name":"LIBRA token key figure Hayden Davis denies rug pull allegations — CryptoBriefing","type":"news_article","credibility":2},{"url":"https://www.chaincatcher.com/en/article/2167933","name":"Solid evidence: LIBRA and MELANIA teams are the same — ChainCatcher","type":"on_chain","credibility":2},{"url":"https://www.coindesk.com/business/2026/04/07/argentine-president-milei-s-call-logs-link-him-to-multimillion-dollar-libra-rug-pull-nyt","name":"Argentine president Milei linked to Libra crypto probe through call logs — CoinDesk","type":"news_article","credibility":1}],"severity":"critical"},{"content":"Prior to LIBRA, Kelsier Ventures is alleged to have played a materially similar role in the MELANIA memecoin launch — a token associated with U.S. First Lady Melania Trump — and in the M3M3 token launch on Meteora's platform. The amended complaint in Hurlock v. Kelsier alleges that Meteora and Kelsier executives collectively held approximately one-third of the entire MELANIA supply before public trading began, then drove artificial price appreciation through undisclosed paid influencer campaigns before liquidating their positions. Blockchain analytics from Bubblemaps confirmed that proceeds from the MELANIA token operation were converted to USDC via the Circle Cross-Chain Transfer Protocol and transferred into the same wallets later used in the LIBRA operation, establishing an on-chain link between the two schemes. The MELANIA token reached a market capitalization of approximately $1.6 billion before collapsing to approximately $86 million. The amended complaint in Hurlock (October 2025) introduced previously unpublished text messages from Hayden Davis and information from an anonymous whistleblower to document coordination. The October 2025 filing states that defendants weaponized fame to disarm diligence, securing endorsements from high-profile public figures to manufacture legitimacy for what plaintiffs describe as pre-engineered liquidity extraction operations. The M3M3 token, which launched December 4, 2024 and was marketed by Meteora as a solution to memecoin pump-and-dump culture, is alleged to have followed the identical blueprint: insiders using over 150 wallets to accumulate up to 95% of supply before dumping within days of launch.","heading":"Alleged Role in the MELANIA Token and M3M3 Schemes","sources":[{"url":"https://decrypt.co/345493/melania-trump-javier-milei-props-meme-coin-fraud-lawsuit-alleges","name":"Melania Trump, Javier Milei Used as Props for Meme Coin Fraud, Lawsuit Alleges — Decrypt","type":"news_article","credibility":2},{"url":"https://fortune.com/crypto/2025/10/23/melania-trump-memecoin-conspiracy-court-filing-benjamin-chow-hayden-davis/","name":"Melania Trump memecoin team weaponized fame to disarm diligence — Fortune","type":"news_article","credibility":1},{"url":"https://www.theblock.co/post/375832/ben-chow-melania-libra-memecoin","name":"Class action lawsuit claims Ben Chow orchestrated Melania, LIBRA memecoin fraud — The Block","type":"news_article","credibility":2},{"url":"https://cointelegraph.com/news/meteora-class-action-lawsuit-alleging-blatant-fraud-involving-fraud-m3m3","name":"Investors sue Meteora and VC firm, alleging fraud — CoinTelegraph","type":"news_article","credibility":2},{"url":"https://coinpedia.org/news/melania-token-crashes-is-hayden-davis-behind-another-rug-pull/","name":"Crypto Alert: Hayden Davis Dumps $1M+ in MELANIA Token, Prices Plunge — CoinPedia","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Blockchain analytics firm Bubblemaps published on-chain investigation findings identifying the same wallets behind both the MELANIA and LIBRA token operations, connecting these to a common controlling address designated as 0xcEAe — which Bubblemaps attributed to Hayden Davis. Their methodology traced funding transfers across 17 addresses and 5 cross-chain transfers, all converging on this single address. The same address was subsequently linked by Bubblemaps to the collapse of the WOLF memecoin, which surged to a $40 million market cap before crashing, with analysis showing 82% of total WOLF supply concentrated in a small cluster of insider wallets. Nine LIBRA founding wallets extracted approximately $87 million in USDC and SOL within hours of the February 14, 2025 launch. Cross-chain fund flows used Circle's CCTP to move profits between Solana and Avalanche. Argentine judge ordered asset freezes in November 2025 covering Davis and associates with an estimated $100–120 million in virtual wallets. On-chain investigators have documented alleged involvement by Kelsier-affiliated wallets in at least 8 named tokens: LIBRA, MELANIA, M3M3, ENRON, BOB, WOLF, AIAI, and MATES.","heading":"On-Chain Evidence and Blockchain Analytics","sources":[{"url":"https://www.theblock.co/post/346504/libra-token-facilitator-hayden-davis-connected-to-40-million-crash-of-wolf-memecoin-bubblemaps","name":"LIBRA token facilitator Hayden Davis linked to $40 million crash of WOLF memecoin — The Block","type":"on_chain","credibility":2},{"url":"https://www.chaincatcher.com/en/article/2167933","name":"Solid evidence: LIBRA and MELANIA teams are the same, insider trading harvested over $100 million — ChainCatcher","type":"on_chain","credibility":2},{"url":"https://cryptopotato.com/libra-token-fallout-court-blocks-57-65m-in-usdc-linked-to-kelsier-ventures/","name":"LIBRA Token Fallout: Court Blocks $57.65M in USDC Linked to Kelsier Ventures — CryptoPotato","type":"news_article","credibility":2},{"url":"https://finance.yahoo.com/news/argentina-freezes-hayden-davis-assets-223000417.html","name":"Argentina Freezes Hayden Davis Assets as LIBRA Probe Closes In — Yahoo Finance","type":"news_article","credibility":2}],"severity":"high"},{"content":"Following the February 14, 2025 LIBRA collapse, Argentine federal prosecutors opened a criminal investigation, and by March 13, 2025, Argentine lawyer Gregorio Dalbón requested an Interpol Red Notice for Hayden Davis, citing his financial resources and risk of flight. As of mid-2025, Interpol had not formally issued a Red Notice. In March 2025, an Argentine judge ordered the freezing of Hayden Davis's Argentine-jurisdiction financial assets. Argentine congressional deputies filed formal complaints against Karina Milei — the President's sister and Secretary General of the Presidential Palace — for alleged bribery and influence peddling. Text messages attributed to Hayden Davis, recovered during the investigation, allegedly stated he could control President Milei because he had been sending money to Karina Milei; a recovered document allegedly detailed a $5 million agreement contingent upon presidential endorsement of LIBRA. Davis denied sending these messages and denied making payments to any Milei family member. A separate audio from April 2024 allegedly documented a trader discussing a $4,000 payment intended for Karina Milei. In November 2025, the Argentine Chamber of Deputies' investigative commission released a 200-page report concluding that Milei allegedly used his office to promote what the report characterized as a scam. In April 2026, the New York Times reported that call logs further tied the Argentine president to the scheme. Hayden Davis testified before the New York court regarding the LIBRA case and maintained he had no connection to the project in his testimony.","heading":"International Legal Proceedings and Argentine Investigation","sources":[{"url":"https://fortune.com/crypto/2025/03/13/hayden-davis-javier-milei-interpol-red-notice-prosecutor-asked-judge-melania/","name":"Argentina seeks arrest of U.S. crypto figure tied to Melania — Fortune","type":"news_article","credibility":1},{"url":"https://www.coindesk.com/policy/2025/03/13/lawyer-requests-interpol-red-notice-for-libra-founder-hayden-davis-report","name":"Lawyer Requests Interpol Red Notice For Libra Founder Hayden Davis — CoinDesk","type":"news_article","credibility":1},{"url":"https://buenosairesherald.com/politics/deputies-file-complaint-against-karina-milei-for-bribery-influence-peddling","name":"Deputies file complaint against Karina Milei for bribery, influence peddling — Buenos Aires Herald","type":"news_article","credibility":2},{"url":"https://cointelegraph.com/news/libra-co-creator-claims-paid-javier-milei-sister-token-post","name":"Libra co-creator bragged about paying Javier Milei's sister for token post — CoinTelegraph","type":"news_article","credibility":2},{"url":"https://www.theblock.co/post/393639/probe-reveals-document-detailing-alleged-5-million-deal-linking-milei-to-libra-promotion-report","name":"Probe reveals document detailing alleged $5 million deal linking Milei to Libra promotion — The Block","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/business/2026/04/07/argentine-president-milei-s-call-logs-link-him-to-multimillion-dollar-libra-rug-pull-nyt","name":"Argentine president Milei linked to Libra crypto probe through call logs — CoinDesk","type":"news_article","credibility":1},{"url":"https://cryptoslate.com/us-entrepreneur-hayden-davis-testifies-in-libra-case-in-new-york-as-legal-proceedings-advance/","name":"US entrepreneur Hayden Davis testifies in LIBRA case in New York — CryptoSlate","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Both federal complaints characterize Kelsier Ventures' core operational function as providing marketing and influencer management infrastructure for the alleged schemes. Plaintiffs allege that Kelsier coordinated paid social media promotions and influencer campaigns to manufacture artificial demand for tokens whose supply was already controlled by insiders. The amended Hurlock complaint specifically alleges that defendants exploited technical settings including whitelists and freeze/thaw token account toggles to acquire majority token supplies at negligible cost before inflating prices through undisclosed sponsored content. The complaint characterizes the strategy as weaponizing fame: securing endorsements from high-profile public figures — including a sitting U.S. First Lady and a sitting Latin American head of state — to lend credibility to what plaintiffs describe as pre-engineered extraction operations. Hayden Davis's background prior to Kelsier included NFT marketing and e-commerce, and the firm's stated services include marketing for crypto exchanges, NFTs, and tokens. Private Telegram screenshots submitted as court evidence in the Hurlock case allegedly show Davis confirming he executed token launches at the direction of Meteora co-founder Ben Chow. The October 2025 amended complaint also cited information from an anonymous whistleblower regarding the coordination between Kelsier and Meteora.","heading":"Alleged Influencer and Marketing Infrastructure","sources":[{"url":"https://decrypt.co/345493/melania-trump-javier-milei-props-meme-coin-fraud-lawsuit-alleges","name":"Melania Trump, Javier Milei Used as Props for Meme Coin Fraud, Lawsuit Alleges — Decrypt","type":"news_article","credibility":2},{"url":"https://blocktribune.com/investors-sue-kelsier-labs-and-partners-for-fraudulent-memecoin-launches/","name":"Investors Sue Kelsier Labs and Partners for Fraudulent Memecoin Launches — BlockTribune","type":"news_article","credibility":2},{"url":"https://cryptopotato.com/meteora-co-founder-hit-with-new-lawsuit-over-token-scams-linked-to-trump-milei/","name":"Meteora Co-Founder Hit with New Lawsuit Over Token Scams Linked to Trump, Milei — CryptoPotato","type":"news_article","credibility":2}],"severity":"high"},{"content":"Hayden Mark Davis (born November 27, 1996, age 29) is the CEO of Kelsier Ventures. He attended Liberty University on a soccer scholarship for two semesters before dropping out. His background prior to founding Kelsier includes e-commerce ventures and professional soccer attempts. He publicly admitted to sniping both the MELANIA and LIBRA tokens in media interviews. After the LIBRA collapse, he stated he intended to return approximately $100 million to investors, though U.S. court orders froze assets before any return occurred. He testified before the Southern District of New York in the LIBRA case, maintaining he had no connection to the project. As of mid-2025 he filed motions to dismiss on jurisdictional grounds. Gideon Davis (COO) is Hayden's brother and began his crypto career around 2022, working on DeFi projects including Unlock and NeoNexus while a college student. Following the LIBRA collapse, he allegedly deleted his social media presence. Tom Davis (Chairman) is Hayden and Gideon's father. He has a prior criminal conviction for identity fraud, to which he voluntarily confessed. He later operated restaurant chains on the U.S. East Coast before relocating to Dubai and entering the crypto sector. Charles Thomas Davis is named as co-founder and defendant in both federal class-action complaints as a member of the Davis family group.","heading":"Key Personnel","sources":[{"url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal","name":"$Libra cryptocurrency scandal — Wikipedia","type":"other","credibility":2},{"url":"https://www.dlnews.com/articles/people-culture/man-behind-milei-memecoin-also-worked-on-melania-trump-coin/","name":"Who is Hayden Davis? Milei and Melania partner says he doesn't want $100m stash — DL News","type":"news_article","credibility":2},{"url":"https://www.chaincatcher.com/en/article/2168334","name":"Uncovering Kelsier Ventures, a Ding Crab Family that harvested 200 million dollars — ChainCatcher","type":"news_article","credibility":2}],"severity":"high"},{"content":"Hayden Davis and Kelsier Ventures have disputed multiple allegations. Davis's legal team, represented by Mazin A. Sbaiti and George M. Padis of Sbaiti and Company PLLC with co-counsel Chris Armenta, characterized the Hurlock plaintiffs' claims as meritless. Davis's motion to dismiss asserts the Southern District of New York lacks personal jurisdiction over him because he does not reside in New York, does not transact business there, and was not physically present in the state when the alleged conduct occurred; he argues the token was conceived and executed in Argentina and marketed globally, not specifically to New York residents. Davis denied making payments to Karina Milei or Javier Milei and stated he had no record of sending the alleged text messages. He testified in the New York court that he had no connection to the LIBRA project, a statement that conflicts with prior public admissions about sniping the token. In his defense of the LIBRA operation, Davis stated the scheme was a plan gone wrong rather than intentional fraud. On August 19, 2025, Judge Jennifer L. Rochon vacated the TRO and denied the preliminary injunction, finding that plaintiffs had not demonstrated irreparable harm — a procedural ruling that did not adjudicate the merits of the underlying fraud claims. The cases remain active and no final judgment has been entered.","heading":"Denials and Defense Positions","sources":[{"url":"https://www.sbaitilaw.com/blog/press-release/federal-court-unfreezes-57m-in-frozen-crypto-assets-held-by-libra-token-promoters/","name":"Federal Court Unfreezes $57M in Frozen Crypto Assets Held by LIBRA Token Promoters — Sbaiti and Company","type":"other","credibility":2},{"url":"https://www.cryptopolitan.com/libra-davis-fights-class-action-lawsuit/","name":"LIBRA token creator Hayden Davis fights class suit, could get away with it — Cryptopolitan","type":"news_article","credibility":2},{"url":"https://www.mitrade.com/insights/news/live-news/article-3-952378-20250711","name":"Hayden Davis asks New York court to dismiss LIBRA scam class action lawsuit — Mitrade","type":"news_article","credibility":2}],"severity":"low"}],"timeline":[{"date":"2021-01-01","event":"Kelsier Ventures founded (approximate year); begins as an NFT and crypto marketing advisory firm based in the United States","source":"$Libra cryptocurrency scandal — Wikipedia","source_url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal"},{"date":"2023-01-01","event":"Kelsier Ventures relocates operations to Dubai, UAE, and expands into token launch marketing and venture investment in crypto startups","source":"The Saga of Hayden Davis — Crypto Pragmatist","source_url":"https://cryptopragmatist.com/p/the-saga-of-hayden-davis"},{"date":"2024-12-04","event":"M3M3 token launches on Meteora's platform on Solana; alleged insider wallets accumulate up to 95% of supply using 150+ wallets before public trading begins","source":"Class-action targets Meteora and Kelsier execs over $69m M3M3 token crash — Crypto.news","source_url":"https://crypto.news/class-action-targets-meteora-and-kelsier-execs-over-69m-m3m3-token-crash/"},{"date":"2024-12-06","event":"M3M3 price crashes within days of launch; investors suffer alleged losses exceeding $69 million","source":"Bloomberg Law — Meteora Conducted $69 Million Memecoin Scam","source_url":"https://news.bloomberglaw.com/litigation/meteora-conducted-69-million-memecoin-scam-token-buyers-allege"},{"date":"2025-01-19","event":"MELANIA memecoin launches; Kelsier Ventures and Meteora executives alleged to have held approximately one-third of total supply before public trading; token surges to $1.6 billion market cap before collapsing to approximately $86 million","source":"Melania Trump, Javier Milei Used as Props for Meme Coin Fraud — Decrypt","source_url":"https://decrypt.co/345493/melania-trump-javier-milei-props-meme-coin-fraud-lawsuit-alleges"},{"date":"2025-02-14","event":"Kelsier Ventures creates the LIBRA token on Solana at 6:58 PM Argentina time; Argentine President Javier Milei promotes it via social media at 7:01 PM; token surges to $5.20 and $4.6 billion market cap before crashing 85-95% within hours; nine founding wallets extract approximately $87 million","source":"$Libra cryptocurrency scandal — Wikipedia","source_url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal"},{"date":"2025-02-15","event":"Milei deletes social media posts promoting LIBRA and withdraws endorsement; Hayden Davis gives media interview claiming $113 million in personal profits and characterizing events as a plan gone wrong","source":"$Libra cryptocurrency scandal — Wikipedia","source_url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal"},{"date":"2025-03-13","event":"Argentine lawyer Gregorio Dalbón requests an Interpol Red Notice for Hayden Davis, citing flight risk; Argentine judge orders freezing of Davis's Argentine-jurisdiction financial assets","source":"Lawyer Requests Interpol Red Notice For Libra Founder Hayden Davis — CoinDesk","source_url":"https://www.coindesk.com/policy/2025/03/13/lawyer-requests-interpol-red-notice-for-libra-founder-hayden-davis-report"},{"date":"2025-03-17","event":"Omar Hurlock files class-action complaint in New York State Supreme Court on behalf of LIBRA and M3M3 token purchasers","source":"Hurlock v. Kelsier Ventures — CourtListener","source_url":"https://www.courtlistener.com/docket/70237496/hurlock-v-kelsier-ventures/"},{"date":"2025-04-08","event":"Argentine Chamber of Deputies formally approves investigation into the LIBRA token scandal","source":"$Libra cryptocurrency scandal — Wikipedia","source_url":"https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal"},{"date":"2025-04-19","event":"Clarke v. Chow class-action complaint filed in SDNY (Case 1:25-cv-03268) naming Kelsier Labs LLC, Hayden Davis, Gideon Davis, Charles Thomas Davis, Benjamin Chow, and Meteora; alleges $69M+ investor losses from M3M3","source":"Clarke et al v. Chow et al — SDNY complaint (CCH)","source_url":"https://business.cch.com/srd/20250419_Clarke-v-Chow_complaint.pdf"},{"date":"2025-05-09","event":"Hurlock v. Kelsier Ventures removed from state court to U.S. District Court, SDNY (Case 1:25-cv-03891-JLR)","source":"Notice of Removal — CCH","source_url":"https://business.cch.com/srd/20250509_Hurlock-v-KelsierVentures_1_notice_removal.pdf"},{"date":"2025-05-28","event":"SDNY court issues Temporary Restraining Order freezing approximately $57.65 million in USDC across two Solana-based wallets tied to Kelsier Ventures in Hurlock case","source":"LIBRA Token Fallout: Court Blocks $57.65M in USDC Linked to Kelsier Ventures — CryptoPotato","source_url":"https://cryptopotato.com/libra-token-fallout-court-blocks-57-65m-in-usdc-linked-to-kelsier-ventures/"},{"date":"2025-07-11","event":"Hayden Davis files motion to dismiss Hurlock complaint for lack of personal jurisdiction, arguing he has no New York contacts and the token was conceived in Argentina","source":"Hayden Davis asks New York court to dismiss LIBRA scam class action lawsuit — Mitrade","source_url":"https://www.mitrade.com/insights/news/live-news/article-3-952378-20250711"},{"date":"2025-07-30","event":"Omar Hurlock and Anuj Mehta file amended class-action complaint in Hurlock v. 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