Mastermind Behind LIBRA Scam Unveiled in Major Pump.fun Investment

Key Figure Behind LIBRA Scam Tied to Pump.fun

Recent on-chain analysis has revealed that Hayden Davis, a central figure in the infamous LIBRA token fraud, was one of the major private backers of Pump.fun. He invested $50 million in USDC during the early phase and offloaded the entire holding worth $65 million on the listing day, securing a tidy profit of $15 million.

Transaction Patterns Raise Red Flags

Davis's associated wallet received 12.5 billion PUMP tokens, valued at $73 million at launch. While Pump.fun has not yet commented on whether it was aware of the involvement, blockchain data clearly shows a web of connections between Davis and the project’s core addresses.

• Davis previously involved in the LIBRA scam
• His wallet invested $50 million in USDC during private round
• Full exit occurred on the token launch day
• On-chain trails suggest strong ties, though Pump.fun remains silent

The crypto community is now calling for transparency and urging caution for retail investors.