Angry shouting $LIBRA is Rug! Solayer founder self-discloses loss over 2 million euros; launch coin team argues: funds will support Argentine enterprises

Solayer founder revealed a loss of over $2 million in $LIBRA and initiated a doxxing of the KIP Protocol team, vowing to pursue it to the end. The coin issuance team KIP Protocol founder denied Rug allegations, claiming funds are still on-chain and will be used to support Argentine enterprises. (Background: Argentine President denies launching $LIBRA! After deleting a tweet, the coin price fell by 95%, and the coin issuance team made a profit of 100 million yuan). (Additional context: Encryption mom Hester Peirce: TRUMP and many meme coins may not fall within the SEC's jurisdiction) Argentine President Javier Milei promoted Token $LIBRA today, causing a momentary FOMO in the market, as it was believed to be a meme coin endorsed personally by the president, pushing $LIBRA's price to a $4.62 billion Market Cap within 1 hour, ranking among the top 33 coins by Market Cap. However, Milei later deleted the tweet and clarified that it was unrelated to the project, while the team behind the Token, KIP Protocol, also emphasized that $LIBRA was not associated with Milei. This statement caused $LIBRA to fall by 50% within 15 minutes. As of now, the price has dropped by nearly 95%, raising investor doubts about whether this is a 'Rug Pull' scam. Solayer founder: Lost over $2 million in $LIBRA. Solana stake project Solayer founder Chaofan Shou publicly stated that he and Solayer engineer @tonykebot lost over $2 million in $LIBRA and posted the core team member list of KIP Protocol behind $LIBRA (available on the official website). He expressed his anger, saying, 'Let's see what two hackers and a free weekend can bring us.' Subsequently, Chaofan Shou began doxxing the KIP Protocol team, first finding personal information of international sales director Lisa Zhou / Lisa Vion, including Address and phone number, demonstrating his intention not to let go of the KIP Protocol team (the tweet has been deleted for violating X rules). I and @tonykebot got rugged >$2M on $LIBRA. Lets see what two hackers and a free weekend can lead us to :p pic.twitter.com/d9nmuihpvW — Chaofan Shou (svm/acc) (@shoucccc) February 15, 2025 KIP co-founder response: Come find me, $LIBRA is not a Rug. In response to the doxxing of the Solayer team, KIP Protocol co-founder Julian publicly responded, 'Come find me, not attack others. This is not a Rug. If it were a Rug, we would not have received so much support at the launch. Just because you lost money doesn't mean it's a Rug.' However, Solayer founder Chaofan Shou does not accept this explanation, directly responding, ' $LIBRA is indeed a Rug, I will find every one of you.' This is rug. I'm going to find every one of you. — Chaofan Shou (svm/acc) (@shoucccc) February 15, 2025 KIP co-founder: We did not profit from it, SOL raised will be used to support Argentine enterprises. Facing doubts about Rug Pull, KIP Protocol co-founder Julian further explained the original intention of $LIBRA's establishment: According to President Milei's tweet a few hours ago, the purpose of Viva la Libertad is to promote the Argentine economy by funding small projects and local businesses, supporting those who wish to develop businesses and contribute to the country's development. Currently, all funds are still on-chain, and not a single SOL will be used elsewhere. He emphasized that KIP Protocol's involvement in the project is mainly responsible for fund allocation, not involved in Token trading, and added the following points: $LIBRA did not conduct a presale, Tokens were only sold through a unilateral Liquidity pool. He stated: All raised funds will be transparently used, operating according to the original plan of the Viva la Libertad project. Furthermore, in response to netizens, he reiterated that the KIP Protocol team 'did not profit from it,' but the communication method this time may have been 'inaccurate,' leading to misunderstandings. I am the CEO of KIP Protocol, we did not profit from $LIBRA. Yes, the wording of this statement is indeed not precise enough, but in the current situation, this is the only way we can release it to the public. Am putting out a preliminary response to $LIBRA: a longer one will follow: As per President Milei’s original post a few hours back, Project Libertad was done to boost the Argentine economy by funding small projects and local businesses, supporting those who seek to grow their… — Julian @ 𝗞𝗜𝗣 ㊋⫸ (@julian_kip) February 15, 2025 Animoca: Unaware and not involved in $LIBRA Regarding the investment background of KIP Protocol, Animoca Brands also clarified its relationship, emphasizing that they have no connection with $LIBRA: Animoca Brands invested in KIP Protocol in February 2024, like many other investors. However, we (including @AnimocaVentures and @opencampus_xyz) have no knowledge or involvement in the development and issuance of $LIBRA. The turmoil has not yet subsided, although KIP Protocol claims 'no profit,' on-chain data shows that the $LIBRA team has cashed out over $100 million...