Argentinian President Javier Milei has found himself at the center of a major corruption scandal linked to the memecoin #LIBRA.
According to CoinDesk, leaked private messages from Hayden Davis, one of the token’s creators, suggest that he “bought” the president’s support by sending money to Milei’s sister in exchange for political backing.
Key Facts:
🔹 Milei is accused of fraud – Following LIBRA’s 95% price crash, lawyers and a former Central Bank head have filed a lawsuit against the president.
🔹 The opposition is calling for impeachment, arguing that Davis’ messages warrant an anti-corruption investigation.
🔹 LIBRA’s creators made over $100M before the token’s collapse, leaving investors with massive losses.
How Did It Happen?
🔸 Data from Bubblemaps revealed that the LIBRA team actively drained liquidity pools, pocketing $87M in the process.
🔸 Suspicious transactions indicate that insiders used privileged information and hidden wallets to secure millions in profits.
🔸 LIBRA is not the first fraudulent project linked to this group—wallet 0xcEA has been involved in pump-and-dump schemes with tokens like $TRUST, $KACY, $VIBES, and $HOOD.
President’s Response
Javier Milei has denied the allegations, stating that he only “shared information about LIBRA” and that at worst, “four or five Argentinians” lost money, while most investors were Chinese and American.
Who’s Behind the Scheme?
Investigative journalists, including Coffeezilla, are digging deeper, promising to expose the masterminds behind LIBRA, including Kelsier Ventures, Hayden Davis, and KIP Protocol.
Javier Milei – The President-Influencer
Javier Milei is not just the President of Argentina; he is also a powerful influencer. His social media presence, bold statements, and charisma attract millions of followers, creating a strong information field around him. This makes him an ideal target for marketing integrations, especially in the crypto space, where reputation and audience trust play a crucial role.
How Crypto Projects Use Influencers
📌 Endorsements from well-known figures – When an influencer mentions a token or project, it can instantly boost interest and credibility.
📌 Creating hype – Influencers help trigger FOMO (Fear of Missing Out), leading to a surge in purchases.
📌 Market manipulation – Insiders often use influencers to pump token prices before cashing out at the peak.
LIBRA is a prime example where an influencer like the President could sway the market, even if he claims he was merely sharing information rather than actively promoting the token.
How Can This Be Controlled?
🔹 Transparency – Crypto projects must be as open as possible to avoid accusations of manipulation.
🔹 Choosing the right ambassadors – Partnering with trusted influencers who genuinely believe in the project rather than those who simply advertise for money.
🔹 Crisis PR management – If a project faces negative publicity, it’s essential to handle the narrative and prevent mass sell-offs.
CryptoTeki – Your Partner for Crypto Influencer Marketing
At CryptoTeki, we specialize in crypto influencer marketing and can help your project:
✅ Find relevant crypto influencers – from niche bloggers to high-profile personalities.
✅ Develop a smart marketing strategy to create organic demand instead of artificial hype.
✅ Provide PR and crisis management to restore audience trust if your project faces backlash.
If you want to take your crypto project to the next level and attract investors without controversy or fake hype, contact us – we know how to do it right. 🚀