Interpol Red Notice Requested for LIBRA Token Co-Creator

Coin WorldThursday, Mar 13, 2025 2:12 am ET
2min read

Argentine lawyer Gregorio Dalbon has formally requested Interpol to issue a Red Notice for Hayden Davis, the co-creator of the LIBRA token. This move is part of an ongoing investigation into the LIBRA scandal, which has resulted in significant financial losses for investors. Dalbon submitted the request to prosecutor Eduardo Taiano and judge María Servini, who are examining President Javier Milei’s involvement in the memecoin. The lawyer argued that Davis poses a "procedural risk" due to his access to vast amounts of money, which could enable him to flee the United States or go into hiding. The request underscores the international impact of the case and the likelihood that Davis might take steps to evade justice.

The LIBRA token, which was shared by President Milei across his social media accounts shortly after its creation, quickly reached a peak value of over $4 billion. However, the token's creators, who held most of the supply, sold their holdings, causing the token's price to crash. Many investors claimed that the token was a pump-and-dump scheme. Following the collapse of LIBRA, various lawyers filed fraud charges against Milei in an Argentine criminal court for promoting the token. Additionally, other lawyers reported the president for financial crimes to local authorities and to the US Justice Department.

Milei has maintained that he did not "promote" the LIBRA token but rather "spread the word" about it. In an interview with YouTuber Stephen Findeisen, better known as "Coffeezilla," Davis defended the token as a failure rather than a scam. He claimed to have netted around $100 million from the LIBRA token launch but denied owning the tokens and selling them. Davis later sent a text message bragging about paying Milei’s sister, Karina Milei, to have the president share the memecoin’s details on social media. However, Davis later denied making such payments.

The request for an Interpol Red Notice highlights the seriousness of the allegations against Davis and the potential for him to evade justice. If approved, Interpol will notify its 195 member countries to locate and arrest Davis, with the aim of extraditing him back to Argentina. The outcome of this request will depend on the respective laws and extradition agreements of the countries involved. The LIBRA scandal has not only affected Davis but has also implicated President Milei, who publicly promoted the token, leading to significant market volatility and investor losses.

This development marks a significant escalation in the legal proceedings surrounding the LIBRA token. The involvement of Interpol indicates the global reach of the scandal and the determination of Argentine authorities to hold those responsible accountable. The request for a Red Notice suggests that Davis is considered a flight risk, and his potential evasion of justice could complicate the ongoing investigations. The legal battle is far from over, and the outcome will have implications for both Davis and Milei, as well as for the broader cryptocurrency community.