class action against Libra: USA deal with billion -dollar fraud scandal
<p> <strong> class action against Libra: USA deal with billion -dollar fraud scandal </strong> </p>
crypto news: class action against libra fraud begins in the USA
In the USA, a class action lawsuit against Libra fraud is submitted. The Burwick Law law firm brought a complaint a few hours ago at the Supreme Court of New York.
"This evening our law firm submitted a class action lawsuit to the Supreme Court of New York on behalf of our client. We claim that Kelsier, Kip, Meteora and the associated parties staged an unjust token launch ($ libra), the buyer led to the irre and damaged the small investor," said the firm via X (formerly twitter).
background of the libra token
In February 2023, the token Libra caused celebrity on the cryptom market after quickly gaining popularity through the open support of Argentine President Javier Milei. However, the project experienced a dramatic decline within a few hours, which led to loss of billions.
The token crash was no coincidence, according to Burwick Law, but the result of targeted measures by those responsible, withdrawn the liquidity in order to manipulate the price. Hayden Davis, an American, is named Kelsier as one of the main responsible for the development of his company.
In addition, Julian Peh from the KIP Protocol played a central role in the development of the token. The law firm also accuses the Marketmaker Meteora of being involved in insider transactions and this is also mentioned in the lawsuit.
According to their findings, the responsible persons are said to have divided 85 percent of all libra tokens among themselves in order to first manipulate the market data and then to carry out a massive sale.developments in Argentina
The situation for the Libra developers is not only heading in the United States. Investigations and complaints against those responsible are already underway in Argentina. The Argentine lawyer Gregorio Dalbon calls for a global search for Hayden Davis by Interpol.
According to reports, the developers have not managed to transfer all profits from the sale of the libra token abroad. Argentine authorities have frozen several million US dollars on local banks.Hayden Davis has an extremely questionable history that also includes the creation of the Memecin Official Melania, which was launched in January 2023, supported by Melania Trump, the former first lady in the USA.
According to blockchain analysts from Bubblemaps, Davis has apparently not yet ended his criminal activity. Recently he is said to have started a new token under the ticker Wolf, with which he supposedly made high profits again.
The current developments around the Libra collection and the investigation in Argentina show that the case could have far-reaching consequences for those involved. The plaintiffs hope to achieve justice for the small investors concerned through the legal steps.
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