LIBRA Promoter Hayden Davis Allegedly Profits $12M from Kanye West’s YZY Token Controversy

Hayden Davis, a key figure behind the LIBRA project, has been accused of making $12 million from the volatile launch of Kanye West's YZY meme token. Blockchain analytics firm Bubblemaps exposed Davis' alleged involvement, citing on-chain evidence of snipe transactions and concealed fund flows. The YZY token briefly surged to a $3 billion valuation before collapsing, sparking scam allegations.

This incident follows a recent US court decision unfreezing Davis' assets in connection with the LIBRA rug pull case. Critics describe his repeated exploitation of celebrity-linked tokens as operating in a "culture of total impunity." The LIBRA project previously entangled Argentina's president in its collapse.

Market observers note the YZY controversy exemplifies growing risks in celebrity-endorsed crypto projects. Despite sophisticated obfuscation techniques including CCTP transfers, investigators successfully traced the transactional breadcrumbs.