An Argentine Lawyer Seeks Interpol Red Notice Against LIBRA Co-Creator Hayden Davis
An Argentine lawyer has requested an Interpol Red Notice against Hayden Davis, the co-creator of LIBRA.
Gregorio Dalbon, a prominent Argentine attorney known for representing former president Cristina Fernández de Kirchner, has taken legal action against Hayden Davis, one of the co-creators of the controversial cryptocurrency LIBRA. Dalbon filed a request for an Interpol Red Notice with prosecutor Eduardo Taiano and Judge María Servini, seeking to locate and provisionally arrest Davis.
The Interpol Red Notice
An Interpol Red Notice is a global alert issued to law enforcement agencies worldwide to locate and detain an individual. In this case, Dalbon believes Davis played a significant role in the creation and promotion of LIBRA and poses a flight risk due to his financial resources.
LIBRA Controversy
LIBRA gained national attention in Argentina when President Javier Milei endorsed the token on social media shortly after its launch. However, the token’s price quickly plummeted, resulting in significant losses for investors. According to blockchain analytics firm Nansen, 86% of LIBRA traders lost money, totaling $251 million.
Allegations of Fraud
Critics have accused Davis and other insiders of orchestrating a pump-and-dump scheme with LIBRA, alleging that the creators sold off their holdings at the peak of the token’s value. Davis has hired legal representation and maintains his innocence, claiming he only sought the success of LIBRA without intending to defraud investors.
Legal Developments
Prosecutor Taiano has indicated his intention to freeze approximately 110 million in assets as part of the investigation into Milei’s involvement in the LIBRA scandal. Milei has denied any wrongdoing, stating that he simply shared information about the token rather than actively promoting it.
In light of these developments, the case against Hayden Davis and the LIBRA cryptocurrency continues to unfold, with legal proceedings and investigations ongoing.