According to ChainCatcher news and a report by Cointelegraph, Vertical Research Advisory managing partner Kip Herriage suggested that GameStop use its cash reserves to purchase $2.5 billion worth of Bitcoin.

On March 18th, PANews reported that Burwick Law firm has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the LIBRA Token issuance. The collective lawsuit alleges that the defendants orchestrated an unfair Token issuance activity, misled buyers, and harmed the interests of retail investors.

KIP Protocol has released a statement regarding the $LIBRA Token incident to clarify its role: it did not initiate the Libra project, assisted the financing plan for small and medium-sized enterprises in Argentina, did not participate in token issuance or profit-making, is unrelated to the president, and is willing to cooperate to resolve misunderstandings and protect its reputation.

KIP Protocol issued a statement to clarify multiple errors in the statement from the Office of the President of Argentina. It did not involve the Viva la Libertad project or token issuance, did not cooperate with Hayden Mark Davis, and did not participate in token issuance development.

YouTube blogger Coffeezilla interviewed one of the creators of the LIBRA token, Hayden Davis, revealing the insider information of the LIBRA team and MELANIA team's disruption of the release. The other three creators are Julian Peh, Mauricio Novelli, and Manuel Godoy. On February 14, 2025, the project received support from Javier Milei.

Jinse Finance reported that Yat Siu, co-founder of Animoca Brands, tweeted that 300,000 MOCA Airdrop tokens will be selected and distributed to users in the second phase through the KIP Protocol AI framework. Users who complete the follow task, retweet, and write about Mocaverse

LIBRA Token issuance advisor Kelsier Ventures stated that the controlled funds will be used to repurchase and destroy LIBRA Token to ensure that the funds are not misappropriated for personal interests. The plan will be executed within the next 48 hours.

KIP Protocol is only responsible for managing and supervising the selection of funded technical projects, providing technical support for AI initiatives, and not involved in the issuance and market making of LIBRA Token. Although fear, uncertainty, and doubt pose a threat to individuals and employees, the project is not involved in Token issuance or handling, nor does it profit from it.

PANews December 8th news, Argentine President Millet forwarded the response of KIP co-founder and CEO.

Odaily Planet Daily News KIP Protocol co-founder Julian quoted KIP Protocol's official statement on the X platform as saying:"The wording of this tweet is inappropriate. There are reasons for doing (LIBRA project). But we will not delete it to maintain complete transparency."

Solayer team members accused KIP Protocol of fraudulent behavior, and the co-founder responded that it is not eyewash and welcomed dialogue. The two parties involved in the incident made statements on social media platforms, triggering public follow. Solayer team members threatened to pursue, indicating that the LIBRA event is eyewash.

KIP Protocol co-founder Julian stated that the team did not profit from LIBRA, the announcement was inappropriate but will not be deleted, maintaining transparency. KIP Protocol released a successful launch announcement for the Viva la Libertad project, expressing gratitude for the support.

KIP Protocol co-founder responded to the accusations of Solayer founder, insisting that this is not eyewash, and stating that just because of losses does not mean it is eyewash. However, Solayer founder believes that the LIBRA incident is a RUG and says he will hold someone liable.

Jinse Caijing reported that Animoca Brands clarified in a post on X platform that, in February 2024, Animoca Brands, along with many other investors, invested in KIP Protocol, but Animoca Brands, Animoca Ventures, and Open

BlockBeats news, on February 15th, Solayer founder has publicly released the personal information of KIP Protocol's international sales director, the team behind LIBRA, on social media. BlockBeats previously reported that Solayer founder Chaofan Shou posted on social media, stating that he and Solayer engineer @tonykebot have lost over 2 million US dollars on LIBRA and will not sit idly by.

Solayer founder Chaofan Shou revealed on social media that the Solayer team lost more than 2 million dollars on LIBRA. He posted a list of KIP Protocol team members, saying he wanted to see what two Hackers and a free weekend would bring. Solayer is a re-stakeprotocol based on Solana, and issued the TokenLAYER on February 11th.

Odaily Planet Daily News KIP Protocol official X platform article said, "Viva la Libertad project aims to help private enterprises in Argentina, and LIBRA Token has also achieved some success. To solve unnecessary problems: we want to clarify that this is a private enterprise project, and President Milei did not participate in the development of the project, as he himself mentioned. This is a completely private enterprise project."