Investigation into La Libertad Avanza Token
A significant development has emerged in the inquiry concerning the contentious launch of the La Libertad Avanza token, commonly referred to as Libra. A recent transaction linked to Hayden Davis, who is not only one of the entrepreneurs behind Libra but also the CEO of Kelsier Ventures, has drawn attention from local authorities investigating the matter.
Transaction Details
On January 30, a considerable transfer amounting to nearly $500,000 was made from a wallet associated with Davis to the cryptocurrency exchange Kraken, which is known for maintaining Know-Your-Customer (KYC) records of its users. Notably, this transaction coincided with a meeting held at the presidential palace between Davis, his associate Mauricio Novelli, and Argentine President Javier Milei. According to official records, this meeting was convened to discuss blockchain and decentralized technologies.
Investigative Concerns
The timing and magnitude of the financial transaction have raised red flags for investigators, who have already uncovered other similar transactions occurring just hours after the meeting. Following this transaction, it is anticipated that Argentine prosecutors may reach out to Kraken to ascertain the identity of the wallet owner and explore any potential connections to the Libra project.
Political Accountability
This inquiry into Davis’s transaction coincides with growing calls from various national organizations seeking to interrogate President Milei directly regarding his involvement. Previously, Milei had claimed that his social media activity related to Libra was personal and not an official act as President. However, a recent court ruling has challenged this defense, suggesting that he could be held politically accountable for his actions.
Ongoing Investigations
While the situation remains fluid, ongoing investigations are being conducted both in Argentina and the United States, where it is estimated that tens of thousands of individuals have suffered as a result of the Libra debacle.
Further Context
For additional context, a look into the implications of the court rulings on Milei’s liability regarding the Libra initiative adds another layer of complexity to this evolving story.
Read further: Potential Implications of Court Ruling on Milei in Libra Affair | Analyzing the Libra Incident: President Javier Milei’s Controversial Endorsement of the Token and Its Consequences.
