KIP Protocol has released an official statement denying any involvement in the controversial LIBRA token launch. The company clarified that it did not initiate or profit from the project and is prepared to take legal action to protect its reputation.
KIP Protocol Denies Involvement in LIBRA Token Launch
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
No Profits or Prior Knowledge of LIBRA Token Launch
KIP Protocol has distanced itself from the recent LIBRA token controversy, emphasizing that it had no involvement in the project’s launch or management.
In a statement released on Feb. 24 via its X handle, KIP clarified that it was invited by Mauricio Novelli on Feb. 13, 2025, to assist in financing Argentine SMEs but was never involved in the token’s creation. The firm denied participating in discussions about Project Viva La Libertad, the website, or any promotional efforts.
According to KIP, the token launch was solely managed by Hayden Davis, and the company was unaware of its sale date or structure. While KIP posted about the project on social media, it was based on information provided by Novelli and the fact that Argentinian President Javier Milei’s endorsement was still visible at the time.
KIP further stressed that it received no financial benefits, tokens, or payments from the launch and has no prior or ongoing relationship with President Milei beyond a single meeting in 2024.
“We did not receive any tokens or payments, nor were we offered any. KIP and its team do not hold any tokens or funds associated in any way with Libra or Hayden Davis/Kelsier. None of the wallets involved in the Libra launch belong to KIP,” the company said in its official statement.
The company reaffirmed its commitment to transparency and legal action against any misleading claims affecting its reputation.
