<ul><li>Hayden Davis, CEO of Kelsier Ventures and one of the creators of the Libra token, admits team sniped the tokens at launch to prevent other snipers</li><li>Davis defends the snipping as a means to protect the project and prevent volatility from killing it</li><li>The Libra token, which gained attention after Argentina's President endorsed it, experienced a rapid rise and fall in valuation</li><li>At least eight insider wallets connected to the Libra team were implicated in cashing out around $107 million, leading to the cryptocurrency's crash</li></ul>

Libra Crypto Disaster: Creator Defends Project From Scam Allegations, Admits Team Sniped Token

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