CryptoBriefing and crypto.news agree Kelsier Ventures' wallets fell from nearly $300M to $2M, but give different states of incorporation and different dates for the class-action dismissal.
What all sources agree on
- Arkham first tagged the Kelsier Ventures/Hayden Davis wallet cluster on February 19, 2025, identifying more than 1,000 addresses.
- The wallets held nearly $300 million at that time, with most value in LIBRA tokens and roughly $100 million in USDC and SOL pulled from liquidity pools.
- Arkham's latest figures show the cluster now holding around $2 million.
- The wallets are tied to Hayden Davis and the LIBRA memecoin, which Argentine President Javier Milei promoted before it collapsed.
- A U.S. judge dismissed the LIBRA investor class action against Kelsier and related defendants, rejecting the RICO and fraud claims.
- Hayden Davis's father Tom Davis and brother Gideon Davis are both named as involved in the firm.
Where the reports disagree
1State where Kelsier Ventures/Kelsier Labs was incorporated
Kelsier Ventures was registered in Delaware and established in 2021.
A recent U.S. federal court opinion describes Kelsier Labs LLC, doing business as Kelsier Ventures, as a family-run firm incorporated under Texas law in 2021.
What would settle it: The entity's certificate of incorporation or state business registry filing, or the cited federal court opinion itself.
2Date the LIBRA class action was dismissed
In October 2026, Judge Jennifer L. Rochon of the Southern District of New York dismissed the case.
A U.S. judge dismissed the LIBRA investor class action with prejudice on September 29, 2026.
What would settle it: The court docket or dismissal order in Hurlock v. Kelsier Ventures, Southern District of New York.
What to make of it
Treat the drop from nearly $300 million to about $2 million in Kelsier-linked wallets, and the dismissal of the LIBRA class action itself, as established; the exact incorporation state and precise dismissal date remain unresolved between the two reports and would require checking the court record directly.
Treat the drop from nearly $300 million to about $2 million in Kelsier-linked wallets, and the dismissal of the LIBRA class action itself, as established; the exact incorporation state and precise dismissal date remain unresolved between the two reports and would require checking the court record directly.