Argentine lawyer calls on Interpol to issue a Red Notice for crypto entrepreneur Hayden Davis, linking him to the collapse of the Libra memecoin.

Davis is the CEO of Kelsier Ventures and a central figure behind the controversial Solana-based Libra memecoin whose market capitalization plunged by more than $4 billion

Argentine lawyer Gregorio Dalbon has reportedly applied to Interpol for a Red Notice against crypto entrepreneur Hayden Davis in connection with the collapse of the Libra memecoin.

According to a report by local media outlet Infobae, Dalbon submitted his request to Eduardo Taiano, the lead prosecutor investigating the case, and Judge María Servini, who is overseeing the proceedings.

The report suggests that Davis, the CEO of Kelsier Ventures, is a key figure behind the Solana-based Libra memecoin, whose market capitalization plunged by more than $4 billion amid accusations of a pump-and-dump scheme.

It is alleged that Davis and other key figures behind the token amassed more than $107 million before the project imploded. Furthermore, Davis reportedly claimed to have political influence over Argentine President Javier Milei.

However, Davis has since defended himself. In an interview with YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” he denied any fraudulent activity and described the Libra token’s downfall as a business failure rather than a scam.

Interpol’s red notice

Lawyer Gregorio Dalbon, representing the Economic Security Unit (NSE) in the case, believes that an international arrest warrant, known as a Red Notice, should be issued for Davis to ensure his presence in Argentina.

He argued that Davis played a pivotal role in creating and promoting the Libra memecoin, which was allegedly used to defraud a large number of investors.

Expressing concerns about Davis’ ability to evade legal action, Dalbon highlighted his financial resources and foreign residency, which he said posed risks to the smooth operation of justice.

The lawyer went on to say that allowing Davis to remain at large would hinder legal proceedings, especially considering the magnitude of the losses incurred by investors.

“The possibility that Davis may leave his country of residence or go into hiding to avoid criminal liability for the events under investigation is aggravated by his financial resources, which could make it easier for him to move around or remain in hiding, thus frustrating the progress of the investigation,” the report stated.

Considering this, Dalbon has applied for an international arrest warrant (Red Notice) to be issued by Interpol for Davis.

A Red Notice is a request by Interpol to urge global law enforcement agencies to arrest a suspect and place them in custody pending extradition, surrender, or other legal action.

However, compliance with a Red Notice is voluntary for member countries, who decide whether to take action based on their own national laws and procedures.

This latest development adds to the ongoing investigation into the Libra memecoin scandal. Last week, Prosecutor Taiano took steps to secure key digital evidence, including transaction records and promotional materials for the token. He also initiated efforts to freeze over $100 million that was allegedly pocketed by the token’s creators.