The co-creator of the Libra cryptocurrency, which recently imploded and led to calls for the impeachment of Argentine President Javier Milei, bragged months ahead of the token’s launch about his access to the Argentine President’s inner circle.

Strategy, formerly known as MicroStrategy, has announced plans to raise up to $2 billion via the sale of senior notes due 2030 with a 0% coupon, with the proceeds of the offering set to be used for purposes that include accumulating more bitcoin.

Collapsed cryptocurrency exchange FTX has announced that its next round of upcoming creditor repayments is set to start on May 30, for those holding allowed claims of “Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims.”

Top stories in the Crypto Roundup today:

• Libra Token Co-Creator Claimed ‘Control’ Over Argentine President Javier Milei
• Strategy to Raise Up to $2 Billion in Debt Offering to Expand Bitcoin Holdings
• FTX Announces Next Round of Creditor Repayments Starting May 30

Libra Token Co-Creator Claimed ‘Control’ Over Argentine President Javier Milei

The co-creator of the Libra cryptocurrency, which recently imploded and led to calls for the impeachment of Argentine President Javier Milei, bragged months ahead of the token’s launch about his access to the Argentine President’s inner circle.

Hayden Davis, the chief executive officer of Kelsier Ventures, claimed in text messages from mid-December that he could “control” Milei over payments he had been making to the president’s sister Karina Milei. 

“I control that n****” Davis wrote in the text messages, adding, “I send $$ to his sister and he signs whatever I say and does what I want.” A spokesperson for, following reports from CoinDesk and Argentina’s La Nation newspaper, said Davis does not recall sending such messages and has no record of them on his phone.

"Recent media reports claiming I paid President Javier Milei or his sister, Karina Milei, to launch the Libra memecoin are completely false. I never made any payments to them, nor did they request any. Their only concern was ensuring proceeds from Libra would benefit Argentina’s people and economy,” the statement adds.

Karina Milei currently serves as the General Secretary of the Presidency of the Argentine Nation. It’s currently unclear if any payments were made between Davis and Milei’s inner circle ahead of the cryptocurrency’s launch.

Strategy to Raise Up to $2 Billion in Debt Offering to Expand Bitcoin Holdings

Strategy, formerly known as MicroStrategy, has announced plans to raise up to $2 billion via the sale of senior notes due 2030 with a 0% coupon, with the proceeds of the offering set to be used for purposes that include accumulating more bitcoin.

The move comes a week after the firm did not raise cash through the sale of shares or debt to buy more bitcoin, which it had been doing on a weekly basis. The company has become the largest corporate holder of bitcoin, with 478,740 BTC on its balance sheet.

Strategy is offering the notes with a 40% to 50% conversion premium, with the inclusion of a three-year put option. These put options allow holders the option to redeem the bond before it matures.

FTX Announces Next Round of Creditor Repayments Starting May 30

Collapsed cryptocurrency exchange FTX has announced that its next round of upcoming creditor repayments is set to start on May 30, for those holding allowed claims of “Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims.”

This includes customers who had assets on the platform when it collapsed, as well as other creditors including vendors and trading partners. Creditors must have verified claims by Apr. 11 to qualify the next repayment round.

That round comes after FTX started repaying creditors on Feb. 18 with claims below the $50,000 threshold. Various users reported already receiving their payouts, with added interest of 9% per annum since the exchange collapsed in November 2022. 

According to FTX’s recovery plan, 98% of creditors are expected to receive at least 118% of their claim value in cash. In May 2024, the exchange estimated these distributions would range between $14.5 billion and $16.3 billion.

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