- Gregorio Dalbón has officially requested Interpol to issue a Red Notice for the arrest of Hayden Davis, the founder of LIBRA.
- Hayden and other key figures profited over $107 million before the memecoin collapsed, with Davis allegedly boasting of his influence over President Javier Milei.
Argentine lawyer Gregorio Dalbón has formally requested a global arrest warrant for Hayden Davis, the co-creator of the Solana-based LIBRA token, amid an ongoing investigation into the controversial Libra memecoin scandal. Dalbón submitted his request to Eduardo Taiano, the lead prosecutor handling the case, and Judge María Servini, who is overseeing the proceedings. If Dalbón’s request for an Interpol Red Notice is approved, it will be distributed to 195 member countries, significantly increasing the chances of Davis being detained and extradited to Argentina.
Authorities believe Davis played a key role in the scheme, and his financial resources pose a potential risk to the investigation. A report detailing the request for his arrest stated: “The possibility that Davis may leave his country of residence or go into hiding to avoid criminal liability for the events under investigation is aggravated by his financial resources, which could make it easier for him to move around or remain in hiding, thus frustrating the progress of the investigation.”
The LIBRA Scandal Unfolds
On February 14, 2025, Hayden Davis launched the $Libra token as part of the Viva la Libertad project. Shortly after its release, Argentine President Javier Milei promoted the meme coin on his official social media channels, triggering an unprecedented surge in value. Within a few days, LIBRA skyrocketed from $0.0002 to $4.55.
However, this surge was short-lived. The token’s creators controlled most of the supply, and within hours, LIBRA plummeted by 85%, causing catastrophic losses for nearly 50,000 investors. A report from blockchain analytics firm Nansen revealed that retail investors lost a staggering $251 million due to the collapse. Meanwhile, wallets linked to Davis and another key figure, Kelsier, managed to extract significant profits before the crash, raising serious concerns about insider manipulation.
Later on, Hayden claimed to be a victim, blaming the Argentine government for Libra’s collapse, alleging that President Milei and his advisors initially backed the project but later withdrew support, triggering investor panic.
The abrupt collapse of Libra has plunged Argentina into political turmoil. Opposition figures have filed over 100 complaints with the Supreme Court, accusing President Milei of involvement in a fraudulent scheme. Former President Cristina Kirchner and socialist politician Esteban Paulon have gone as far as demanding Milei’s impeachment, publicly branding him a “crypto fraudster.”
In response, Milei has denied any personal financial gain from the token and has requested an Anti-Corruption Office investigation into the matter. As CNF recently reported, authorities have already frozen $100 million in crypto assets linked to the scheme.
As the scandal unfolded, Libra’s value continued to spiral downward. In the last 14 days, the token dropped another 3%, bringing its total decline to 92% from its all-time high. As of now, it is trading at just $0.066887, a shadow of its once soaring price.
