Libra memecoin scandal turns into New York court case

Earlier this month we told you how the main culprit behind the Libra memecoin, the cryptocurrency that engulfed the president of Argentina in a major scandal was an American businessman named Hayden Davis.

That same Davis was also the co-creator of the official Melania memecoin (which was launched two days after the Trump memecoin and crashed that first coin) and last week he launched yet another memecoin, called Wolf of Wall Street. That last one has already crashed by 95%. By now, Hayden Davis is being sued in a New York court.

New York

As expected, several investors who lost their initial monies have now sued Hayden Davis. The Libra token, which shot up after Argentina’s President Javier Milei reported on it and then fell back down, will be discussed before the New York Supreme Court after a class-action lawsuit accused the creators of misleading investors and siphoning off more than $100 million.

At the same time, Davis is carrying on as he did. After a rumor stated that Jordan Belfort, the man on whom the main character in the movie Wolf of Wall Street is based, would soon launch his own crypto coin, Davis didn’t wait too long. He quickly created yet another memecoin, called it Wolf of Wall Street, and made sure to keep 80% of the original coins in his own possession.

1/ Hayden Davis launched a new token: $WOLF

Now on an Interpol notice, the creator of LIBRA and MELANIA tried his best to hide it 🧵 ↓ pic.twitter.com/Ok6ev3JH4r

— Bubblemaps (@bubblemaps) March 15, 2025

After Wolf of Wall Street was launched, the memecoin quickly shot up as expected. Until Hayden Davis and his cronies sold everything again and the value of ‘Wolf’ dropped like a rock, losing 95% in two days.

Davis will better have his lawyer present.