DeFiTuna Exposes LIBRA Issuance Advisor for Allegedly Rug Pulling MELANIA and Other Projects to Harvest Over $200 Million

BlockBeats News, February 18th, DeFiTuna founder Moty publicly announced via the X platform: has fully refunded a $30,000 investment to its backer Kelsier Ventures (LIBRA token issuance advisor) and severed all ties, Kelsier had previously invested in DeFiTuna on January 16, 2025. Kelsier is currently heavily accused of market manipulation—involving the LIBRA, MELANIA, and M3M3 issuance platforms. Moty revealed a series of organized token manipulation acts by Kelsier.

Moty made the following accusations against Kelsier:

Kelsier participated in a structured fund-raising plan for meme issuance on the M3M3 platform; Meteora co-founder Ben and other leadership turned a blind eye to his community-harming actions; although direct contact was made with core members of Meteora, they lacked accountability; Ben promised to step down after being questioned but instead issued a vague public response. Moty stated: "I put my personal reputation and the DeFiTuna project at stake to drive key figures to expose and remove wrongdoers. Kelsier had contacted DeFiTuna through Lebanese employee Thomas, asking for liquidity support for the M3M3 platform."

Key details disclosed by Moty include:

M3M3 was initially packaged as an independent platform but was actually controlled by Meteora co-founder Ben; projects launching on M3M3 had to allocate token shares to the Kelsier team; DeFiTuna co-founder Vlad was passively involved, mistakenly believing the collaboration was legitimate.

About the behind-the-scenes manipulation of the MATES project:

Kelsier requested DeFiTuna to manage liquidity for the first project on M3M3, MATES; after MATES token launch, it plummeted by 95%, a screenshot from February 18th shows the team discussing "maximizing fund-raising"; Hayden Davis (Kelsier founder) instructed: "We need to squeeze out the maximum value from this project, regardless of the founder's ethics."

About the behind-the-scenes manipulation of the MELANIA token:

An hour before the MELANIA token launch, Kelsier prematurely sent the token address to Vlad and informed that Trump would retweet; transferred 1% of the token from the liquidity wallet to Vlad (peaking at a value of $100 million); Hayden requested the anonymous sale of all shares, evading on-chain tracking by converting LP tokens to NFTs on the Orca platform.

The Kelsier team has harvested a total of $2.45 million from the community through only the MATES and AIAI projects, with projects like MELANIA, LIBRA, ENRON, and others accumulating over $200 million in total. Moty estimates that through projects such as AIAI, MATES, ENRON, MELANIA, and LIBRA, the Kelsier team has overall siphoned off user funds exceeding $200 million.