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LIBRA Token Creator Moves to Dismiss Lawsuit as New Questions Arise

Summary by World News
TL;DR Hayden Davis, the man behind LIBRA is facing a class-action over an alleged $100 million liquidity pool exploit, wired $12 million to offshore accounts tied to President Milei’s circle days after their meeting. Davis has moved to dismiss the New York suit, arguing the court lacks jurisdiction since he never targeted or operated in the state and contesting Circle’s $57.6 million USDC freeze. Political fallout intensifies as Milei’s endorsem…

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Counsel for one of the victims requested that Hayden Mark Davis and Benjamin Chow be summoned in the context of the collective action in the United States.

·Buenos Aires, Argentina
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The request was addressed to Judge Jennifer L. Rochon of the United States District Court.

Javier Milei and crypto entrepreneur Hayden Davis Photo: X A plaintiff asked the US Justice Department to have Hayden Davis and a businessman testify regarding transactions in frozen accounts linked to $LIBRA. The $LIBRA crypto scam scandal continues to generate legal activity. Now, the lawyer for one of the victims of the class-action lawsuit being processed in the United States has warned about transactions in accounts frozen by the Justice De…

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Cointelegraph broke the news in on Friday, July 11, 2025.
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