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Solayer core developer: The creator of the LIBRA token has laundered over 15 million dollars and has reported to the police for further investigation

Feb 16, 2025 09:15:32

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ChainCatcher news, Solayer core developer Chaofan Shou posted on social media, "The market makers/creators of the LIBRA token are directly linked to Arunkumar Sugadevan and another Indian serial rug pull scammer, questioning whether KelsierVenture outsourced the token issuance to an Indian company. Through chronological analysis tracking the flow of funds, we found that the creators of the LIBRA token are also insiders of the MELANIA and ENRON tokens, and are developers of the OG.FUN project, having laundered over 15 million dollars. No matter where you are on Earth, I will get to the bottom of this. I hope Kraken and Binance will assist in freezing the related funds. The police have been notified, RUG is RUG, regardless of whether you decide to refund the money."

Yesterday, Solayer core developer Chaofan Shou stated that he and Solayer engineer @tonykebot lost over 2 million dollars on LIBRA, posting a picture of the core members of the team behind LIBRA, KIP Protocol (available on the official website), with the caption "Let's see what two hackers and a free weekend can bring us."

Today, KIP Protocol posted on X stating that the release and market making of the LIBRA token are entirely the responsibility of KelsierVentures and the project's initiator Hayden Davis.

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