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BTCC / BTCC Square / Global Cryptocurrency /
Hayden Davis Rebrands LIBRA Token as Memecoin in Legal Defense

Hayden Davis Rebrands LIBRA Token as Memecoin in Legal Defense

Author:
Global Cryptocurrency
Published:
2025-07-27 20:17:01
19
3
BTCCSquare news:

Hayden Davis, creator of the embattled LIBRA token, has pivoted to labeling the project a memecoin in a recent court filing. The strategic rebranding aims to counter a class-action lawsuit led by U.S. private investor Omar Hurlock, who alleges fraudulent activity surrounding LIBRA's February 2025 launch and subsequent crash.

The token briefly soared to $5 after promotion by Argentine President Javier Milei before collapsing to near-zero. Milei has since severed ties with the project, triggering a national anti-corruption investigation. Legal documents reveal Davis denies Hurlock's claims, arguing no evidence exists that the investor purchased tokens directly from developers.

|Square

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