We recognize the harm that the $LIBRA situation has caused many investors, our customers and to the wider crypto community. Like many, we have been shocked by the recent events and want to dispel any misunderstanding regarding KIP Protocol’s role in the event.
1. KIP did not initiate the Libra project, or Project Viva La Libertad.
We did not direct any activity nor did we participate in any discussions regarding the token launch. We are an early-stage AI company that became a convenient party to provide cover for other parties who initiated and managed the token launch.
2. KIP was invited to assist in managing the project’s financing initiative for Argentinian SMEs.
This invitation was made by Mauricio Novelli only on 13 February 2025, based on our past experience in running grant programs, and our ability to deploy AI infrastructure for companies. This SME financing initiative would only begin later, and we had not commenced discussions for when our work would begin. We did not create or approve the Project Viva La Libertad website or any of its contents. We do not own the website domain.
3. KIP was not involved in the token launch.
The launch was initiated and managed by Hayden Davis / Kelsier by his own admission, with no involvement from KIP. We were not informed in advance of the token sale date or time. We did not promote the purchase of the token in any way before or after the launch.
After the token's launch, Novelli asked us to post on X to support the project, providing us with text in English and Spanish. At that time, President Javier Milei’s original post supporting the project was still live, which led to our continued confidence in the project's larger objectives. We thus posted on X in support.
4. KIP did not profit in any way from the token launch.
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.
5. We have no prior or ongoing relationship with President Javier Milei.
KIP CEO Julian Peh met him once as event sponsor of Tech Forum Argentina on 19 October 2024. Neither Project Viva La Libertad nor Libra was mentioned on this date. Neither he nor KIP has had any contact with the President or his office except for this single meeting on 19 October 2024.
KIP Protocol remains dedicated to transparency and integrity. We will continue to work with all relevant authorities to address any misunderstandings, and we are prepared to take the necessary legal measures to protect our reputation from further unfounded claims.
