Hydeen Davis restores controversial scale categories Kamimikoin in the court presentation star-news.press/wp

Hayden Davis, the creator of the scale icon, described the encryption project as a mechanical in a file of the last court as part of a legal strategy to counter a collective lawsuit. The American businessman and marketer continues to attract negative attention and remains under investigation after its launch and collision with the questionable scale in February 2025.

Saddam Davis with the US Special Investor Forces Checking Mimikoen – Report – Report

The Al -Mizan project gained a lot of popularity after the general promotion by Argentine President Javier Millie in X, on February 14, 2025. The value of the distinctive code for encryption increased to $ 5 within a few hours after its release before it decreased to about 0 dollars. Since then, the country’s leader has distanced himself from the encryption project while even allowing the event to be investigated by the country’s anti -corruption office.

According to the local Argentine media ClaarenOmar Horlock, an American private investor, has begun through the American Lawyer Burwik Lu since then a collective lawsuit against Hayden Davis and other people behind the scale, including Benjamin Chau, co -founder of the Metura platform, and Julian Bey, head of the KIP protocol.

In a 30 -page defense against Horlock’s claims to perform a fraud, Hayden Davis stated that the American investor has no evidence that supports complaints from the purchase of distinctive symbols from him or other coding project developers. In particular, Davis attacks the credibility of Horlock to lead a collective lawsuit in the event that he is not a direct victim.

Moreover, the active businessman publicly refers to the scale for the first time since the accident in February. Before this statement, the cryptocurrency was previously described by all parties concerned as an investment fund aimed at financing Argentine companies.

In proportions to the state of the Mimin to the balance, the defendant emphasizes the speculative nature of this distinctive symbol with the claim of any promises that have been presented to potential investors. A statement from the summary reads:

The defendants did not provide any plans, details or infrastructure for potential buyers of the mechanics, and they did not provide detailed disclosure or symbolic distribution information regarding how to allocate the funds collected to achieve the promised promised (alleged) from the promised economic initiatives

The case is currently being submitted at the District Court of the Southern Region in New York under the leadership of Judge Jennifer L. Rocheon is scheduled to hold a hearing on August 19. The result of this lawsuit is also expected to affect the status of $ 250 million in frozen assets, which are linked to profits from the scale project.

Price overview

At the time of the press, the scale is trading at $ 0.01690 with a total market value of $ 4.61 million.

Distinctive image from Economist, Chart from TradingView

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