Hayden Davis: From Selling Oreos to Crypto Scams

Hayden Davis, 28, transitioned from selling Oreos to orchestrating one of the largest crypto scams in history. Dubbed a “hustling expert” on LinkedIn, his name became linked to fraud and a $1 billion crypto collapse.

Overview of the Scandal

The scandal revolved around the $LIBRA meme coin, which Hayden promoted as a means to boost Argentina’s economy. This venture ended abruptly, costing over 10,000 investors about $250 million, while Hayden reportedly profited $100 million and vanished from public view.

Selling Dreams and Dumping Bags

The $LIBRA debacle also implicated Argentine President Javier Milei, who had promoted the coin prior to its rapid surge and subsequent fall. The aftermath included relentless backlash against Milei, with lawsuits and calls for criminal investigations.

Hayden’s background includes involvement in earlier meme coins, $TRUMP and $MELANIA, associated with Donald Trump and his wife. In the past, he admitted to being involved in these token launches, claiming that they orchestrated quick profits at investors’ expense.

The $LIBRA Collapse

Launched on February 14, $LIBRA’s price skyrocketed after Milei endorsed it but crashed almost immediately, leading to devastating losses for investors. Despite the fallout, Hayden continued to assert his role as an adviser to Milei. Multiple investigations were initiated, and the political ramifications were severe for Milei.

Despite the negative press, Hayden hinted at using his profits to stabilize $LIBRA, but no action was taken. His nonchalant attitude was evident during an interview, where he defended his actions as typical within the crypto space.

Hayden’s Shady Family

Hayden’s family background adds another layer of complexity to his narrative. His father, Tom Davis, a convicted felon, founded Kelsier Ventures, the firm behind several crypto schemes, and has a tumultuous history in business. Hayden’s mother has personal ties to a violent cult, adding to the family’s dubious legacy.

Kelsier Ventures entered the crypto scene in 2021, investing in various projects including $LIBRA and $MELANIA.

The Rise and Fall

With a history of failures in business, Hayden’s break in crypto came in 2021 while living in Los Angeles. His persuasive sales skills facilitated connections that ultimately led to the formation of $MELANIA and his relationship with Milei.

By early 2024, Hayden and Milei had formed a close association, with Hayden being referred to as an adviser on blockchain and AI.

Conclusion

Milei has since distanced himself from the $LIBRA disaster, continuing his efforts to revitalize Argentina’s economy with new deals. Hayden’s future remains uncertain, with significant legal challenges looming over both men.