Argentine attorney Gregorio Dalbon has formally requested an Interpol Red Notice for Hayden Davis, the creator of the LIBRA token, which has been at the center of a political and financial scandal in Argentina.
Dalbon, who previously represented former President Cristina Fernández de Kirchner in a corruption case, submitted the request to prosecutor Eduardo Taiano and Judge María Servini on March 11. His petition urges international law enforcement to locate and arrest Davis, pending extradition proceedings.
According to filings reported by Página 12 and Perfil, Dalbon warned that Davis could evade justice due to his financial resources and international influence.
“His central role in the creation and promotion of the $LIBRA cryptocurrency, coupled with the international impact of the case, increases the likelihood that he will take steps to evade justice,” the legal document stated.
If granted, an Interpol Red Notice would alert law enforcement agencies worldwide to locate and provisionally arrest Davis.
LIBRA Token Scandal Shakes Argentina
LIBRA, a memecoin launched on February 14, skyrocketed to a $4 billion market cap after Argentine President Javier Milei shared it on his social media accounts. However, the project soon collapsed, triggering allegations of a pump-and-dump scheme.
Key elements of the controversy include:
- LIBRA’s creators reportedly held most of the token supply, selling off their holdings as the price surged.
- The token’s value crashed, wiping out millions in investor funds.
- Multiple fraud charges were filed against President Milei in an Argentine court.
- Some legal experts also reported the case to U.S. authorities for potential financial crimes.
Milei has denied any wrongdoing, claiming he did not “promote” LIBRA but merely “spread the word” about the token.
Hayden Davis Denies Fraud Allegations
Following LIBRA’s collapse, Davis gave a lengthy interview to YouTube investigator Stephen Findeisen, known as Coffeezilla, insisting the project was a failure rather than a scam.
Davis and his firm, Kelsier Ventures, were the biggest beneficiaries of the token launch, reportedly profiting around $100 million. Despite this, Davis maintains that he never directly owned or sold LIBRA tokens.
Adding to the controversy, reports surfaced that Davis boasted in a text message about being able to pay Milei’s sister, Karina Milei, to have the president endorse the token. Davis later denied the claim, stating he had no record of such messages and did not make payments to the Milei family.
As Argentina continues its investigation, the request for an Interpol Red Notice signals intensified legal pressure on Davis and could have far-reaching implications for cryptocurrency regulations in the country.
Sources & Methodology
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