The post $280 Million Frozen as Hayden Davis Denies LIBRA Was an Investment appeared first on Coinpedia Fintech News
Crypto entrepreneur Hayden Davis has admitted in U.S. court filings that the LIBRA project is a memecoin without a formal business plan, denying it was an investment. The case involves $280 million in frozen assets linked to LIBRA. A hearing is scheduled for August 19 in New York to decide on the assets’ fate. This development follows large fund transfers to Kraken during a meeting with Argentine President Javier Milei.