According to ChainCatcher news and a report by Cointelegraph, Vertical Research Advisory managing partner Kip Herriage suggested that GameStop use its cash reserves to purchase $2.5 billion worth of Bitcoin.

LIBRA Token issuance advisor Kelsier Ventures stated that the controlled funds will be used to repurchase and destroy LIBRA Token to ensure that the funds are not misappropriated for personal interests. The plan will be executed within the next 48 hours.

KIP Protocol is only responsible for managing and supervising the selection of funded technical projects, providing technical support for AI initiatives, and not involved in the issuance and market making of LIBRA Token. Although fear, uncertainty, and doubt pose a threat to individuals and employees, the project is not involved in Token issuance or handling, nor does it profit from it.

KIP Protocol co-founder Julian stated that the team did not profit from LIBRA, the announcement was inappropriate but will not be deleted, maintaining transparency. KIP Protocol released a successful launch announcement for the Viva la Libertad project, expressing gratitude for the support.

KIP Protocol co-founder responded to the accusations of Solayer founder, insisting that this is not eyewash, and stating that just because of losses does not mean it is eyewash. However, Solayer founder believes that the LIBRA incident is a RUG and says he will hold someone liable.

BlockBeats news, on February 15th, Solayer founder has publicly released the personal information of KIP Protocol's international sales director, the team behind LIBRA, on social media. BlockBeats previously reported that Solayer founder Chaofan Shou posted on social media, stating that he and Solayer engineer @tonykebot have lost over 2 million US dollars on LIBRA and will not sit idly by.

Solayer founder Chaofan Shou revealed on social media that the Solayer team lost more than 2 million dollars on LIBRA. He posted a list of KIP Protocol team members, saying he wanted to see what two Hackers and a free weekend would bring. Solayer is a re-stakeprotocol based on Solana, and issued the TokenLAYER on February 11th.