LIBRA issuing advisor Kelsier: Milei's tweet deletion behavior is a breach of contract, and the KlP founder is completely innocent

ChainCatcher message, Kelsier released an announcement and clarification video regarding the latest developments of the Libra token, stating: "As the release advisor for the Libra Token project, I want to clarify key aspects of the release and address the recent developments regarding Javier Milei's involvement and subsequent withdrawal of support. Javier Milei initially supported and actively promoted the Libra Token on social media platforms, including X and Instagram. His colleagues received his public support at the time of the release and assured me that he would continue to be supportive throughout the release process. Given my role as an advisor, my primary responsibility is to ensure that the token has sufficient quantity, liquidity, and strong funding to support its price and realize the project's vision. However, as an advisor, there are many factors that I cannot control."

"Despite previous commitments, Milei and his team unexpectedly changed their stance, withdrew their support, and deleted all prior social media endorsements. This sudden decision was made without any prior warning and directly contradicted previous assurances. I was surprised when Milei later issued a statement claiming that his withdrawal was due to alleged misconduct by the project's supporters, labeling them as fraudsters. I categorically reject this assertion and want to emphasize that Julian Peh, the founder of KlP Network and the main sponsor of the Libra Token, is completely innocent. I can only assume that Milei's associates are trying to shift the blame onto Julian to evade responsibility."

"It is crucial to recognize that memecoin investments are driven by trust and recognition. When Milei and his team deleted their posts, investors who purchased the tokens based on trust in his endorsement felt betrayed. This led to a wave of panic selling, further exacerbating the situation. The sudden loss of confidence had a catastrophic impact on the market stability of the token."

"Regarding my responsibilities, I am responsible for ensuring the project's liquidity and still maintain control over all related fees and funds. I want to make it clear that I have not, and will not, use these funds for personal gain. As the custodian of these funds (not the owner), I am unwilling to transfer them to Milei's associates or the KlP team. Instead, after consulting with experts, I recommend reinvesting 100% of the funds I control (up to $100 million) back into the Libra token and burning all purchased supplies. Unless a more viable alternative is proposed, I intend to begin executing this plan within the next 48 hours. I remain committed to maintaining transparency and will continue to provide updates as the situation develops."