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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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The prosecutor Oscar Julio Gutiérrez Eguía took this position in the complaint of Ian Moche, the boy with autism who asked the president to delete posts against him.The case was left in the federal court, will be processed as an amparo and the judge gave Milei a deadline to respond.

·Buenos Aires, Argentina
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Lean Right

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.

·Vicente López, Argentina
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CointelegraphCointelegraph
+2 Reposted by 2 other sources
Center

LIBRA token creator fights class suit, citing lack of jurisdiction

Hayden Davis, the creator of the LIBRA cryptocurrency, says a lawsuit in New York should be dropped as the token’s promotion never targeted the state.

·New York, United States
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The government comes up with problems of corruption: the scandal of the crypto $LIBRA scam has not ended so that accusations can begin over the private plane that arrived from the United States and passed his luggage without anyone checking it. Mirtha, always with an ear on what happens in politics, asked the presidential adviser sitting at his table, Miguel Boggiano, what he thought about what happened. Boggiano babbled a faint response but the…

The case for the scam with the cryptocurrency $Libra added new chapters the last few hours after it was detected that a wallet blocked by Justice would continue to make movements since May 27. This was admitted by the defense of Hayden Davis, the main point of the investigation that is being processed in the jurisdiction of New York. The novelty was communicated by the national deputy Oscar Agost Carreño, who said that “strengthens the need for …

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Cointelegraph broke the news in New York, United States on Friday, July 11, 2025.
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