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Solayer founder: The creator of LIBRA tokens has laundered more than $15 million, and has reported it to the police and will track it down

Solayer founder: The creator of LIBRA tokens has laundered more than $15 million, and has reported it to the police and will track it down

CointimeCointime2025/02/16 01:22
By:Cointime

Chaofan Shou, the founder of Solayer, posted on social media, stating, "The market maker/creator of LIBRA token is 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 of fund flows, we found that the creators of the LIBRA token are also insiders of the MELANIA and ENRON tokens, and developers of the OG.FUN project, having laundered over $15 million in funds. 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, a rug is a rug, whether you decide to return the funds or not."

BlockBeats Note: Yesterday, Chaofan Shou, the founder of Solayer, posted on social media, stating that he and Solayer engineer @tonykebot lost over $2 million on LIBRA, and posted a list of core members of the KIP Protocol team behind LIBRA (visible 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 handled by KelsierVentures and the project initiator Hayden Davis.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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