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- Argentine lawyer Gregorio Dalbón has requested an Interpol Red Notice for Hayden Davis, co-creator of the $LIBRA cryptocurrency
- The request follows the collapse of $LIBRA, which led to significant financial losses for investors
- Dalbón cites Davis’s financial resources and potential flight risk as reasons for the international arrest warrant
Prominent Argentine lawyer Gregorio Dalbón has formally requested the issuance of an Interpol Red Notice for Hayden Davis, the co-creator of the $LIBRA token, in the latest escalation of the scandal. This move comes after the cryptocurrency’s abrupt collapse, which resulted in substantial financial losses for numerous investors and the country’s president, Javier Milei, coming under pressure after promoting it. Dalbón emphasized Davis’s considerable financial means and the associated risk of him evading justice as primary reasons for seeking the international arrest warrant, which is yet to be issued.
Pump, Dump and Dead
The $LIBRA cryptocurrency was launched on February 14, 2025, with endorsements from high-profile figures, including Milei. The token’s value skyrocketed from $0.000001 to $5.20 within 40 minutes of its launch, attracting widespread investor interest. However, the surge was short-lived; the founders, holding 70% of the total supply, sold their holdings abruptly, causing the price to plummet by 85%. This sudden crash led to approximately $87 million in losses for an estimated 74,000 investors, with the event being described as a “rug pull” scam.
In response to the collapse, over 100 criminal complaints alleging fraud were filed against President Milei by Februa