KIP Protocol denies role in LIBRA launch, calls itself ‘convenient cover’

Kip Protocol, a web 3 company associated with the scandal token, far from the launch of tokens, declaring that it had no role in the initiation or management of the project.

Controversy on a token promoted by Argentine President Javier Milei, who plunged 95%, continues as a web3 company cited by a key from the elite shooter says it was used as a “practical part to provide coverage to others who launched And managed the launch of token ”.

The company in question, Kip Protocol, denied any role in the launch of the Viva La Libertad project (and a affiliated balance token). In A declaration X On February 24, KIP said that he was invited in mid-February to help manage the financing of small and medium-sized Argentine companies, but had no part in the creation or promotion of the token.

“The launch was launched and managed by Hayden Davis / Kelsier by his own admission, without any Kip involvement,” said the firm, adding that he was not aware of the date of sale of the token and n ‘ had received no jet or payment.

KIP also said that it had been asked to publish on the project on X after the launch of the token. At the time, Milei’s original approval was still live, leading to “continuous confidence in the greater objectives of the project”.

The cabinet pointed out that he had no previous or undergoing relationship with Milei, apart from a brief meeting in October 2024. He also said that none of the portfolios involved in the launch of the balance belongs to KIP, And stressed that he “had received no jet or payments” from the launch of token.

Shortly after Balance crashed 95%, Youtuber Stephen Findeisen, known as Coffeezilla, interviewed Hayden Davis, a key figure behind Balance. Davis, in turn, allegedly alleged that Mauricio November, Manuel Godoy, the Tech Argentine forum, was key figures of the project.

While Coffeezilla identified Davis as one of the “Big Four” in Balance, Davis said that he was only a “facilitator” and not the deployer or the team member. However, he later admitted to maintaining 100 million dollars linked to the project, calling it “a lever effect with certain groups and games”. Tackle the balances (BALANCE) Filling and coins in general, Davis suggested that retail investors should study their “fucking ass”, describing the market for memes parts as an “unregulated casino”.