Crypto Chaos: $280 Million on Ice as Hayden Davis Calls LIBRA a ‘Memecoin’ 😂

Well, well, well. Crypto’s golden child, Hayden Davis, had a little heart-to-heart in a U.S. courtroom. Turns out, his precious LIBRA project isn’t quite the next Bitcoin—nope, it’s just a glorified memecoin with zero business plan. Who would’ve guessed? 🤔 He’s now denying that it was ever an investment, which is, you know, totally believable considering the $280 million in assets that are now frozen faster than an ice cube in Antarctica. 🧊

But don’t go throwing a pity party for Davis just yet. A hearing is set for August 19 in New York, where they’ll decide if that mountain of frozen assets stays locked up in the vault of uncertainty. This all comes on the heels of some hefty fund transfers to Kraken, right after a meeting with Argentina’s President, Javier Milei. Funny how that works, huh? If you weren’t already skeptical of crypto, this might just be the cherry on top of the ‘what the heck is going on here?’ sundae. 🍒

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2025-07-26 13:21