LIBRA, the infamous memecoin previously promoted by Argentine President Javier Milei, is becoming the center of attention as information emerges that Kelsier Ventures – the 'underground power' behind the project – intends to expand the LIBRA model to several other countries, including Nigeria.
Kelsier Ventures and the Global Scam Conspiracy
After the political scandal known as "the largest rug pull in history," #KelsierVentures was exposed as the mastermind behind a $200 million scam through various memecoin projects on the Solana blockchain, not just LIBRA.
In an interview, Hayden Davis, CEO of Kelsier Ventures, candidly shared:
"Memecoins are just a zero-sum game. No one is actually creating value. They revolve around profit from those who come later."
Not stopping there, Kelsier Ventures is preparing to launch a new memecoin on Solana and is collaborating with several members of the Nigerian government. Although there is no evidence showing that Nigerian President Bola Tinubu is directly involved, discussions include many of his cabinet members. The project in Nigeria has progressed quite far and is likely to launch soon if there are no legal obstacles.
Expanding to Many Other Countries
In addition to Argentina and Nigeria, Kelsier Ventures is also planning to reach out to several other countries to launch similar memecoin projects. This raises concerns about the legality and ethics of such projects, as they could negatively impact the economies of participating countries.
LIBRA – Political Scandal and the Reaction of the President of Argentina
In Argentina, the LIBRA scandal is escalating political tensions as several law firms, including Bruwick Law, announced plans to file a class-action lawsuit against President Javier Milei for his role in the scam.
The opposition in Argentina is also considering impeachment of President Milei, accusing him and his accomplices of involvement in the hundreds of millions of dollars scam.
In response to the allegations, President #Milei denied any involvement and claimed that only 4-5 Argentine citizens were harmed, with most victims being Americans and Chinese. However, he caused confusion by unexpectedly sharing a post on how to purchase LIBRA on social media, causing the token's price to nearly double before plummeting back to its previous level.
Duplicating the Scam Model: What Scenario for the Future?
The way Kelsier Ventures is expanding the memecoin model from Argentina to #Nigeria and potentially to many other countries is causing concern within the crypto community regarding a global scam trend. Law firms and authorities need to take strong action to prevent this scam model before it causes more serious consequences.
⚠️ Risk Warning:
The cryptocurrency market always carries high risks and may present sophisticated scam models. The information in this article is for reference only and is not investment advice. Please research thoroughly and exercise caution before participating in the crypto market to avoid unnecessary financial losses.