Argentine Lawyers Requested Interpol Red Notice for the Arrest of Hayden Davis, the Co-Creator of LIBRA Cryptocurrency Token

This request was submitted to prosecutor Eduardo Taiano and Judge Mari?a Servini, who are investigating the collapse of the memecoin, which resulted in investor losses

Argentine lawyer Gregorio Dalbón has formally requested an Interpol Red Notice for the arrest and extradition of Hayden Davis, an American citizen and co-creator of the LIBRA cryptocurrency token. The request was submitted to prosecutor Eduardo Taivano and judge María Servini, who are investigating the collapse of the memecoin, which has resulted in an estimated $251 million in investor losses.

“I presented the request to Interpol in order to have this criminal, who defrauded Argentines of a quarter of a billion dollars, be captured wherever he may be in the world and be brought to Argentina to face justice,” said Dalbôn, who is representing the defrauded investors.

The LIBRA token, which was launched on the Solana blockchain earlier this year and promoted by Argentine presidential candidate Javier Milei, rapidly rose to a peak market capitalization of over $4 billion. However, it has since crashed by more than 90%, prompting allegations of fraud, market manipulation, and a pump-and-dump scheme.

If approved, the Interpol Red Notice would alert law enforcement agencies in 195 member countries to locate and provisionally arrest Davis pending extradition.

Shortly after reaching its peak, LIBRA’s value plummeted by more than 90%, wiping out hundreds of millions of dollars in investor funds. This dramatic crash has left many retail investors with significant losses, sparking widespread outrage and allegations of foul play.

Investors and analysts have accused the creators of LIBRA, including Hayden Davis, of orchestrating a pump-and-dump scheme. The token's price was allegedly inflated through misleading marketing, celebrity endorsements, and coordinated buying. Insiders or early investors sold off their holdings at peak prices, causing the token's value to crash and leaving retail investors with worthless assets.

The collapse of LIBRA has prompted a criminal investigation in Argentina, led by prosecutor Eduardo Taivano and judge María Servini. The investigation focuses on allegations of fraud, market manipulation, and money laundering.

Argentine lawyer Gregorio Dalbôn, representing affected investors, has accused Hayden Davis of being a central figure in the scam and requested an Interpol Red Notice for his arrest and extradition.

Hayden Davis, an American citizen and co-creator of LIBRA, is alleged to have played a key role in designing and promoting the token. Prosecutors claim that Davis was involved in orchestrating the pump-and-dump scheme and profited significantly from the token's collapse. His foreign residency and financial resources have raised concerns about his potential to evade justice, prompting the Interpol request.

The scam is said to have caused losses of $251 million, with many retail investors losing their life savings. The fallout has fueled public anger in Argentina, particularly given the country's economic challenges and the involvement of a high-profile political figure like Milei.

The LIBRA scam is part of a broader trend of fraudulent memecoin projects in the cryptocurrency space. Memecoins, due to their speculative nature and lack of regulation, are particularly vulnerable to manipulation and scams. High-profile examples, such as the Squid Game token scam, highlight the risks of investing in such projects.

In Argentina, the LIBRA scandal has significant political ramifications. Javier Milei's association with the token has damaged his credibility, with critics accusing him of either negligence or complicity. The scandal has also intensified debates about cryptocurrency regulation in Argentina, a country where digital assets are increasingly popular as a hedge against inflation.

The LIBRA case underscores the challenges of regulating cryptocurrencies, particularly in a globalized and decentralized market. Jurisdictional issues, such as prosecuting individuals like Hayden Davis who reside outside Argentina, complicate efforts to hold perpetrators accountable.

Argentine authorities have formally requested an Interpol Red Notice for Hayden Davis, seeking his arrest and extradition. If approved, this notice would alert law enforcement agencies in 195 member countries to locate and detain Davis, pending extradition. However, extradition depends on international cooperation and the legal systems of the countries involved.

The investigation in Argentina continues, with authorities examining financial records, blockchain transactions, and communications related to LIBRA. Prosecutors are also exploring whether other individuals, including Milei or additional co-founders, played a role in the scam.

Affected investors, represented by lawyers like Dalbôn, are seeking justice and compensation for their losses. However, recovering funds in cryptocurrency scams is notoriously difficult, as assets are often moved to untraceable wallets or offshore jurisdictions.