Argentina’s authorities are reportedly obtaining an Interpol Red Notice for Hayden Davis, the person responsible for the controversial LIBRA token.
The case is in reaction to charges that the cryptocurrency initiative deceived investors, causing significant financial losses. Gregorio Dalbón, an attorney who represents the affected investors, filed the request, claiming Davis had the means to elude arrest, according to a March 12 report from local media site Página 12.
The controversy stems from the spectacular rise and fall of LIBRA. Millions of investors flocked to the token, thanks in part to endorsements from high-profile personalities including Argentine President Javier Milei.
Interpol: Million-Dollar Questions Surround The Token
Davis has refuted the allegations of a scheme, asserting that the project was unsuccessful but never intended to dupe investors. He acknowledged that approximately $100 million is still in an account under his personal control, but he denied that he has any personal interest in it.
JUST IN: ARGENTINE LAWYER GREGORIO DALBON HAS OFFICIALLY REQUESTED INTERPOL TO ISSUE A RED NOTICE FOR THE ARREST OF ENTREPRENEUR HAYDEN DAVIS OVER HIS INVOLVEMENT IN THE LIBRA CRYPTOCURRENCY SCANDAL.
DALBON ACCUSES DAVIS OF PLAYING A CENTRAL ROLE IN THE LIBRA TOKEN COLLAPSE,… https://t.co/lneASUn8S6 pic.twitter.com/f3FnREDodJ
— Mario Nawfal’s Roundtable (@RoundtableSpace) March 13, 2025
The role of Milei and his inner coterie is one of the most significant concerns. Davis allegedly paid Milei’s sister, Karina Milei, to advance the initiative, according to reports. Milei and his sister have both denied receiving any money.
The Fallout From The Token Crash
The abrupt collapse of LIBRA left a significant number of investors in a state of disbelief and misery. At first, the token experienced a significant increase in popularity due to the high level of interest.
However, trust in the token dropped after Milei deleted his promotional posts.
The price decline was so substantial that it sparked rumors of a “rug pull.” In this type of swindle, the creators hype up a project, attract substantial investments, and then withdraw, leaving investors with nothing.
Davis maintains that there was no fraudulent intent. Nevertheless, the financial repercussions are irreparable, and numerous individuals are publicly calling for accountability.
Investors Want AnswersMeanwhile, the lawyer leading the prosecution, Dalbón, argues that Davis ought to be sent to Argentina to answer for what happened. According to legal experts, receiving an Interpol notice is a noteworthy achievement, but it does not always lead to an arrest. In any country that recognizes the warrant, granting it would permit Davis’s detention.
What Happens NextThe push for legal action continues, but Davis remains free for now. Authorities are anticipating an Interpol response to the request. The issuance of an arrest warrant could result in severe legal consequences for Davis. Investors are uncertain as to whether they will ever be able to recoup their losses until that time.
Featured image from Gemini Imagen, chart from TradingView