PANews reported on February 16 that ChaofanShou, a developer of the Solana-based re-staking protocol Solayer, tweeted that the market maker/creator of the LIBRA token is directly related to Arunkumar Sugadevan and another Indian serial withdrawal scammer, and suspected whether KelsierVenture outsourced the token issuance to an Indian company. By tracking the flow of funds through time analysis, it was found that the creator of the LIBRA token is also an insider of the MELANIA and ENRON tokens and a developer of the OG.FUN project. However, none of the associated wallets have traded $TRUMP. They laundered more than $15 million through SideShift and FixedFloat. Called on Kraken and Binance to freeze the relevant funds.

Earlier news , Solayer developers said that they and engineers lost more than 2 million US dollars on LIBRA.