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      Kelsier Ventures' Crypto Holdings Plummet from $300 Million to $2 Million

      Arkham Intelligence has reported a dramatic decline in the value of over 1,000 crypto wallets associated with Kelsier Ventures, a firm led by Hayden Davis. Once valued at nearly $300 million, these wallets now hold approximately $2 million. The significant loss is linked to the collapse of the LIBRA memecoin, which was heavily promoted by Argentine President Javier Milei before its value plummeted.

      Kelsier Ventures, established in 2021 and registered in Delaware, initially presented itself as a venture capital firm focused on Web3 technology. However, it operated similarly to a market maker and was deeply involved in the launch of LIBRA, which reached a multi-billion-dollar market cap before crashing by about 95%. The decline was exacerbated by allegations of insider trading and liquidity extraction, leading to a class-action lawsuit against Kelsier and its associates.

      In October 2026, a judge in the Southern District of New York dismissed the lawsuit, rejecting fraud allegations, including those under the federal racketeering statute. This ruling highlights the challenges investors face in seeking legal remedies after significant losses in the volatile cryptocurrency market. While Arkham's tracking capabilities allow for visibility into the current status of Kelsier's assets, they do not provide a means for recovering lost funds, leaving many investors in limbo.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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