Main notes
- Hydeen Davis admitted that the scale was more than a meteion more than a serious business during the fraud experience.
- $ 499,000 was transferred from Davis’s portfolio during a meeting with suspicion of Argentine President Milli Sparks.
- Large transfers before and after launching the scale raises questions about the real purpose of the distinctive symbol.
Hayden Davis, the character behind the controversial memory scandal, made a sudden statement in court. During a New York court session, he admitted that the symbol was not designed for any serious business use. Instead, he described it as more than a mechanical. This type of cryptocurrency is often made as a joke or noise, instead of long -term use or the value of the real world.
500,000 dollars were sent during the Casa Rosada meeting raising questions
according to Local reportsThe trial, which is taking place in the southern region of New York, drew attention from both the American and Argentine authorities. The scale icon was launched on February 14, 2025. He soon drew attention after receiving public support from the President of Argentina, Javier Miley.
Interestingly, the value of memecoin increased sharply after launching it shortly after the launch. However, after a few hours, it was shattered. Many investors have lost large sums of money. In the aftermath of the accident, Coinspeaker stated that the president faced accountability calls for his role in supporting the failed cryptocurrency.
In a modern update, the new joint details appear in the court something unusual. It is worth noting, on January 30, 2025, Hayden Davis held a meeting with President Millie and Mauricio Novili, a trader. The meeting was held at Casa Rosada, the official residence of the Argentine government.
On time, the meeting started, at 2:00 pm, a portfolio linked to Davis $ 499,000 in Usdc to Krakeen Exchange. This portfolio, which investigators referred to as “Yubw”, is also linked to the previous Davis project, which is a mechanical called $ Melania.
According to the update, the fact that this large amount was transferred during the meeting raised new concerns. The court is investing in understanding the real purpose of Davis’s visit to Casa Rosada and the nature of his relationship with President Javier Millie.
Later in the same day, Millie shared a social media photo with Davis, and discussed their conversation about new technology. Just 42 minutes after this post, another $ 50,000 was transferred through a different portfolio connected to Davis.
$ Libra The founder is called Mimi
Hayden Davis, the creator of the Libra project, presented the United States’s court documents in the United States an official announcement of the Mimi currencies – which deprives that it has a business plan or an investment structure. This contradicts directly with Argentina President Javier Miley, …
– Tomieyro ⛋
(Tomieyro) July 26, 2025
Patter of encryption movements before and after the launch of the scale icon
According to the update, the court also studied other wallet activities associated with Davis. On February 3, the YubW portfolio sent nearly $ 2 million through a series of portfolios and another exchange.
Each large transfer was tested for the first time in a small amount. This method is often used to check that the wallet is working properly before transferring more money.
In addition, one day before the scale launch, Davis transferred $ 1.275 million to another exchange, gate.io, which was not often used. This transfer also started with a $ 100 test.
In Argentina, the financial movements of Mauricio Novili are also reviewed. Days after her meeting with Davis, Novelli opened a safe deposit box at Banco Galicia. His family later thought about it immediately after the scale accident.
With more questions from the answers, the scale condition is still revealing. Investigations are underway in both countries, and the additional court sessions are expected to be in the coming weeks. While the investigation of the event continues, it should be noted that the Mimi -backed by Al -Mimi, which is backed by Al -Mimi, has increased once to $ 4.5 billion. It is worth noting, after that, it was 95 %.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post LIBRA Mastermind Admits To Memecoin Status In Fraud Trial first appeared on Investorempires.com.
