Libra Founder Shrugs Off Criticism, Says Complaints Come From Left-Out Investors

In an interview with Stephen Findeisen, also known as “Coffeezilla”, Davis defended the project’s collapse, calling it a failed attempt rather than a scam.

According to Davis, those who complain the loudest are typically the ones who were not included in insider opportunities.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Crypto Fees Explained: How Not to Overpay? (Animated)

SUBSCRIBE

ON YOUTUBE

He explained, “The vast majority of people betting on meme coins, especially at the beginning — and I think there’s a separate conversation — like, that is the game for everyone. And people that get mad are the people that aren’t insiders”.

He went further, stating:

All the bitching on socials is all the people that don’t get into the deals. You’ll never hear them bitch if they’re in the deal.

Coffeezilla also pressed him on “sniping”, a method where bots quickly buy large amounts of a token at launch to secure early profits. Davis dismissed concerns about fairness, arguing that in many cases, such strategies help stabilize a project.

His comments caused criticism from the crypto community. Some dismissed his reasoning, while others saw it as proof that he views cryptocurrency as purely a way to make money.

Andre Cronje, co-founder of Sonic Labs, voiced his frustration on X:

This one tilted me. His base premise is ‘crypto only exists to extract money’. Also shows he has never used a single real crypto project.

Recently, analysts at Bubblemaps linked LIBRA and MELANIA to the same team. What did they reveal? Read the full story.