The day after the $LIBRA crash, Davis took to Twitter to “set the record straight.” In a video message, Davis concedes that “things didn’t go according to plan” with the meme token launch, but promises to re-inject the approximately $100 million they made from it back into the venture. Furthermore, Davis said he still continues to serve as “Javier Milei’s advisor,” and suggested they have no plans to stop the crypto collaboration. “I am working with him and his team on much bigger tokenization and really cool stuff in Argentina, and I absolutely back him.”

But in a subsequent written statement, Hayden heaped blame on Milei, accusing him of causing a “wave of panic selling” by deleting his X post and denouncing the project. “The sudden loss of confidence had a catastrophic impact on the token’s market stability,” he wrote. As other users quickly pointed out, though, Milei’s post wasn’t deleted until the coin had already crashed by over 80% of its peak value.

An hour and half later, Argentina’s Office of the President published a statement which characterized the entire scheme as the work of KIP Protocol – a company which helped create the token – and described Davis as affiliated purely with KIP, not the president. But it acknowledged that on Jan. 30 Milei had met with Davis, “who, according to the KIP Protocol representatives, would provide the technological infrastructure for his project.”

However, “Mr. Davis had no and does not have any connection with the Argentinean government” and was simply “was presented by representatives of KIP Protocol as one of their partners in the project,” the official statement insisted.

This stuff is wild, lol…