Hayden Davis, CEO of Kelsier Ventures, played a central role in the Libragate scandal by allegedly securing President Javier Milei’s endorsement of the LIBRA memecoin, claiming to be Milei’s advisor, and later admitting of holding approximately $113 million in proceeds from the token’s collapse

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Hayden Davis, CEO of Kelsier Ventures, appears to have played a central role in the Libra scandal and in getting the president to promote it. In a video posted to X in February, Davis claimed he was Milei's advisor and worked closely with the president’s team. A photo of Milei with Hayden Davis was also posted on Milei’s X account in January and now appears to have been deleted. In an interview with YouTube investigator Stephen Findeisen, also known as Coffeezilla, Davis also said he is the custodian of all the proceeds from LIBRA’s collapse, worth over $110 million. Davis admitted to holding around $100 million in stablecoins from the token’s launch and $13 million in LP fees, totaling roughly $113 million.

Before LIBRA's implosion, a small collection of wallets holding most of the token supply cashed out. Crypto entrepreneur Hayden Davis, of marketing services and investment firm Kelsier, admitted that he ended up with a stash of $100 million from the project.

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