Interpol Issues Red Notice for LIBRA Co-Creator Hayden Davis in Argentina
Argentine lawyer Gregorio Dalbon seeks an Interpol Red Notice for Hayden Davis, alleging his central role in LIBRA’s promotion brought significant financial risk. Following a tumultuous launch, the token’s value collapsed, incurring heavy losses for investors. Davis has engaged legal representation and maintains his innocence amid ongoing investigations.
A request for an Interpol Red Notice has been filed against Hayden Davis, co-creator of LIBRA, by Argentine lawyer Gregorio Dalbon. This request, submitted to prosecutor Eduardo Taiano and Judge María Servini, follows the controversial launch of the LIBRA token in Argentina. An Interpol Red Notice serves as an international alert for locating and provisionally arresting individuals wanted for prosecution, particularly relevant in high-profile financial cases such as that of Terraform Labs’ Do Kwon.
Dalbon asserts that Davis played an integral role in the development and promotion of the LIBRA token, posing a “procedural risk” due to his financial capabilities, which he argues could facilitate Davis’ potential flight or concealment. The LIBRA token gained notoriety after being endorsed on social media by Argentine President Javier Milei, contributing to its initial rise. However, the token subsequently plummeted in value, resulting in a market capitalization loss of $4.4 billion and causing substantial financial harm to investors.
Data from blockchain analytics firm Nansen indicates a staggering 86% of LIBRA traders incurred losses, totaling a collective $251 million. Critics allege that Davis and his associates may have orchestrated a pump-and-dump scheme, suggesting they held most of the token supply and liquidated holdings at peak values. Recently, Davis reemerged, declaring he has secured legal counsel, including Brian Klein from Waymaker Law, renowned for handling complex financial crime cases.
In a statement, Davis professed his innocence, stating that he only aspired for the success of LIBRA and did not intend to deceive investors. Concurrently, President Milei defended his actions, asserting he merely “spread the word” about LIBRA and did not engage in formal promotion. Additionally, it has been reported that prosecutor Taiano aims to freeze approximately $110 million in assets linked to the ongoing investigations surrounding the LIBRA scandal.
In summary, an Interpol Red Notice has been requested against Hayden Davis, raising significant questions regarding his role in the controversial LIBRA token launch. Legal actions are underway, with allegations of misconduct leading to substantial investor losses. As the situation develops, Davis asserts his innocence while an investigation into related parties, including President Milei, progresses.
Original Source: crypto.news
