{"id":9677,"date":"2025-03-13T07:46:28","date_gmt":"2025-03-13T06:46:28","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=9677"},"modified":"2025-03-13T07:46:28","modified_gmt":"2025-03-13T06:46:28","slug":"argentine-attorney-seeks-interpol-red-notice-for-libra-founder-latest-update","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/13\/argentine-attorney-seeks-interpol-red-notice-for-libra-founder-latest-update\/","title":{"rendered":"Argentine Attorney Seeks Interpol Red Notice for LIBRA Founder: Latest Update"},"content":{"rendered":"

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Argentinian attorney Gregorio Dalbon has reportedly requested a worldwide arrest warrant for Hayden Davis, the co-founder of the LIBRA token that provoked a political uproar in the nation.<\/p>\n

Dalbon filed a petition with prosecutor Eduardo Taiano and judge Mar\u00eda Servini, who are investigating President Javier Milei\u2019s involvement in the memecoin<\/a>, demanding that an Interpol Red Notice be issued for Davis, as reported by local media P\u00e1gina 12 and Perfil on<\/a> March 11.<\/p>\n

In the submission, Dalbon highlighted a \u201cprocedural risk\u201d if Davis remained at liberty, suggesting he could access significant funds that might enable him to either escape the US or conceal himself.<\/p>\n

\u201cHis pivotal role in the development and promotion of the $LIBRA cryptocurrency, combined with the global ramifications of the case, heightens the possibility that he may attempt to evade justice,\u201d the document reportedly indicated.<\/p>\n

Dalbon, who represented former Argentine president Cristina Fern\u00e1ndez de Kirchner in her corruption trial, requested Davis’ apprehension and for \u201can Interpol red notice [to] be issued to locate and detain him, aimed at his extradition.\u201d<\/p>\n

Interpol is the largest international law enforcement body and can issue Red Notices<\/a> that call upon law enforcement agencies globally to locate and temporarily arrest an individual.<\/p>\n

LIBRA is a token that Milei promoted across his social media platforms moments after its inception on Feb. 14, leading to a peak valuation exceeding $4 billion. The token’s creators controlled the majority of the supply and quickly liquidated<\/a> their assets, resulting in the token\u2019s value to plummet<\/a>, with many accusing the token of being a pump-and-dump scheme.<\/p>\n

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Hayden Davis (left) appears alongside Argentine President Javier Milei. Source: <\/em>Javier Milei<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Shortly thereafter, multiple attorneys allegedly lodged fraud accusations<\/a> against Milei in an Argentinian criminal court for endorsing the token, while other lawyers filed complaints against the president for financial crimes to local authorities and to the US<\/a> Justice Department.<\/p>\n

Related: <\/strong><\/em>Memecoins may be currently inactive, but they\u2019ll return: CoinGecko<\/strong><\/em><\/a>\u00a0<\/p>\n

Milei asserted<\/a> he did not \u201cpromote\u201d the LIBRA token and maintained he merely \u201cshared information\u201d about it.\u00a0<\/p>\n

In a comprehensive interview days after LIBRA’s downfall with YouTuber Stephen Findeisen, known as \u201cCoffeezilla,\u201d Davis defended the token<\/a> as a failure rather than a fraudulent act.<\/p>\n

Davis and his company, Kelsier Ventures, emerged as the primary beneficiaries from the LIBRA token launch. He claimed to Findeisen that he accrued around $100 million but stated he did not possess the tokens and would not be selling them.<\/p>\n

It was subsequently reported that he texted boasting about being able to compensate Milei\u2019s sister, Karina Milei, to have the president disseminate details about the memecoin on X. Davis later claimed he had no record of this conversation on his phone and refuted any payments made to the Mileis.<\/p>\n

Magazine: <\/strong><\/em>Influencers endorsing memecoin scams face serious legal repercussions<\/strong><\/em><\/a>\u00a0<\/p>\n