Hayden Davis crypto scandal deepens as LIBRA memecoin faces fraud allegations – BitRss

• Portnoy returned 6 million LIBRA tokens after concerns over transparency in promotions
• An investigation linked LIBRA and MELANIA token projects, revealing cross-chain fund transfers

The controversy surrounding the LIBRA memecoin continues to unfold as Argentina’s President Javier Milei faces intense scrutiny. In fact, just recently, Milei publicly denied knowing about the fraudulent nature of LIBRA, a cryptocurrency he had initially endorsed.

As expected, LIBRA, which briefly surged in popularity before collapsing, became the center of a scam.

Ongoing LIBRA memecoin scandal

Adding to the controversy, Barstool Sports founder Dave Portnoy came forward and revealed that he returned 6 million LIBRA tokens to the project’s founder, Hayden Davis.

In a recent X Spaces event on 16 February, Portnoy revealed that he received approximately 6 to 6.5 million LIBRA tokens a…