The recent controversy surrounding the same Libra (balance) has aroused significant global attention, in particular following revelations on its alleged ties with important political figures and “dubious commercial practices”.
According to reports From the big whale, the team behind Balance would have developed a same, parallel to Nigeria project and would have established contacts with the Nigerian presidential team. This project, described as “advanced stages”, is now obscured in uncertainty.
Fraud accusations in the middle of the memecoin balance scandal
At the heart of the question is the Argentinian president, Javier Milei, who was accused of promoting the Memecoin balance. The project, intended to finance the development of Argentina, quickly gained ground, reaching an amazing evaluation of $ 4.5 billion.
However, it came under control When it has become obvious that a substantial part – 95% – of the supply of the part was unlocked for the initiates and the development team. While the truth collapsed, the value of the project fell, leading to accusations of fraud confronted in Milei in Argentina.
Following these developments, several American law firms, including Bruwick Law, announced their intention to initiate actions in collective appeal against Milei.
The opposition also plans indictmentAlleging that Milei and his associates have shone with various cryptographic companies in a scandal involving hundreds of millions of dollars.
Kelers Ventures, an American company linked to the balance project, was honored while its CEO, Hayden Davis, tries to alleviate the benefits.
In a video interview, Davis recognized the inherent risks associated with the same and noted the “conflict of interest” widespread in the sector.
Davis connections extend beyond the scale; He also collaborated on the recent Melania Trump evenMelania. This connection was supported by Bubblemaps, which identified transactions connecting the portfolios of the Melania and Balance projects.
These revelations have raised other questions on the potential participation of Kelers Ventures in other high -level mecoins, including those linked to political figures.
Nigerian administration linked to Kelers Ventures
In addition to the controversies surrounding Argentina, the reports suggest that Kelsier Ventures worked on a same project on the Solara (Sol) Blockchain with members of the Nigerian administration.
Although there is currently no evidence suggesting that Nigerian President Bola Tinubu was directly involved, the discussions involving his team indicate that the project was well advanced.
The large whale has not been able to confirm communication with the Nigerian presidency, but the additional scandal potential is looming.
While the situation of the balance continues to evolve, the implications for the Solana ecosystem become more and more apparent. Since the launch of the balance, the Solana blockchain has experienced a slowdown, many DEFI tokens drop 10 to 20% of value.
Meanwhile, rival cryptocurrencies like Ethereum (ETH) and Binance Coin (BNB) began to surpass Solana, leading to speculation that recent events can mark a significant turning point for the Solana network.
Dall-e star image, tradingView.com graphic
