Exposed: Hayden Davis Confesses LIBRA Was a House of Cards With Zero Investment Strategy
Another crypto grift unravels as self-proclaimed 'visionary' Hayden Davis admits under oath that LIBRA—once hyped as the next big thing—had no real investment plan. Just vaporware wrapped in Silicon Valley buzzwords.
How it fell apart:
The so-called 'stablecoin revolution' turned out to be a PowerPoint fantasy. No treasury management. No asset-backing model. Just another get-rich-quick scheme banking on retail FOMO.
Wall Street's latest lesson? When a crypto founder starts talking about 'disrupting finance' but can't explain compound interest—grab your wallet and run.
Hayden says LIBRA had no business plan, wants case moved
Hayden is being sued by Omar Hurlock, a private investor who claims to have been harmed by the LIBRA launch. Last week, Hurlock’s legal team asked the court to force Hayden and Chow to answer direct questions about their role in the token’s creation.
Judge Rochon denied that request. In response, Hayden went on offense. His lawyers submitted a document accusing Hurlock of having no evidence that he was harmed, and not even proving he ever bought LIBRA directly from Hayden.
“The plaintiff doesn’t even prove he was a direct victim. He’s attempting to lead a class action lawsuit without demonstrating his own harm,” Hayden’s team wrote. They also requested the case be moved from New York to Argentina or Texas, jurisdictions they say are more appropriate for the proceedings.
Hayden also went after Hurlock’s lawyer, Max Burwick, calling him a “crypto ambulance chaser.” Burwick is known for representing investors who lost money in failed crypto projects and has been active on X offering to help victims recover funds. Hayden’s filing said this undermines the credibility of the legal action.
Transfer trail ties Hayden wallets to MELANIA token and exchanges
While Hayden was sitting down with Milei at the Casa Rosada on January 30, one of his wallets, identified as yUBW, transferred $499,000 in USDC to a centralized crypto exchange. That wallet has already been linked to Hayden and the $MELANIA token, another token project launched earlier in the year, supposedly inspired by First Lady Melania Trump.
The transfer happened at the same time Hayden was in a meeting with Milei and Mauricio Novelli, a businessman known for co-founding the Tech Forum. Public records show that the meeting was held to discuss blockchain and decentralized technology.
A few hours later, Milei posted a photo of himself and Hayden on his official account. Less than an hour after that, another Hayden-linked wallet sent $507,000 through Bitget, a popular crypto platform.
That second wallet is also linked to yUBW through multiple transactions and is ultimately tied to a third wallet under Kelsier Ventures, ending in 9qEV, which has been repeatedly connected to Hayden’s activities.
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