Have you seen that the scale was launched a week ago with the support of Argentine President Javier Milei? Initially he made several posts in support, but later he eliminated them, withdrawing his approval.
It turns out that there is a good explanation. A group of so -called Grifter, mainly based in Los Angeles, in the United States, known as Cabala Vape on “Crypto X”, used the launch to manipulate the market and successfully extracted millions.
My God
Javier Milei’s $ Libra He emptied over $ 280 million USD with almost 75,000 single traders. Just look at these numbers: from 1000 to 10s out of 1000 to millions of dollars … grouped in hours. Scam of the century in Argentina. pic.twitter.com/kgelu8wgxt
– David Adler (@davidrkadler) February 17, 2025
Kelsier Ventures, aka Hayden Davis behind the scam?
Shortly after the launch of the scale, he reached a market capitalization of $ 4.6 billion while Javier Milei showed support. The speculators hoped that it imitated the initial success of Trump Token, but the price collapsed by 97% in a few hours, going down to a market capitalization of $ 150 million. Investors lost everything when the experts performed a scam, the accumulation of supplies and the dumping on buyers.
An X account called Kelsier Ventures, managed by Hayden Davis shared an explanation of the balance situation, but it was not entirely true. The messages leaked later showed him by saying: “Yes, we are trying to extract this, guys”, suggesting that they planned to take more money from the possible detail investors.
“Yes, Fellas TBH are trying to extract this maximum.”
– Hayden Davis pic.twitter.com/e3jl1zupvg
– Beanie (@beaniemaxi) February 18, 2025
Davis also made several podcasts without a lawyer, making statements that made him seem only worse. In short, he and his group, the “cabal cabala” based in Los Angeles, have defrauded people in cryptocurrency, making hundreds of millions, if not billions.
Only in the case of the scale, have they gained $ 107 million, at least from what has been discovered.
Time of prison coming for Hayden Davis?
While Hayden Davis continues to be incriminated on podcasts, more details on his cryptographic schemes are going to light. It has been revealed that he charged 1% of the tokens of any project that helped to launch and admitted to cease each launch on which he worked. This means that its real cut was probably 3-10%, increasing its profits.
In addition, he confirmed his involvement in the token of Melania and Trump, even sharing the details of the contract before launch with friends. With only those three projects, he and his group may have made billions, all while showing zero remorse for the extraction of wealth from retail investors.
But Davis did not simply expose himself: he also threw Donald Trump under the bus. He said that, during a private dinner in the Trump estate, the insiders could buy Token Trump to a market capitalization of $ 500 million before launch. Since the token has reached a market capitalization of $ 75 billion, this is a return of 150 times for those first buyers.
So, the big question: will Hayden Davis face the prison time or the cryptocurrency crime will become legal now?
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