An Interpol Red Notice has been requested for Hayden Davis, co-creator of LIBRA, due to concerns he may evade justice given his financial resources. Attorney Gregorio Dalbon alleges Davis played a critical role in LIBRA’s controversial launch, which resulted in significant losses for investors. As the investigation unfolds, both Davis and President Milei maintain their innocence amid accusations of wrongdoing.
A recent development in Argentina has emerged wherein an attorney, Gregorio Dalbon, has formally requested an Interpol Red Notice against Hayden Davis, co-creator of the LIBRA token. This request was submitted to prosecutor Eduardo Taiano and Judge María Servini, as reported by the local media outlet Página 12. An Interpol Red Notice serves as an international alert for law enforcement to locate and provisionally arrest an individual based on legal grounds.
Dalbon’s legal submission argues that Davis significantly contributed to the creation and promotion of the LIBRA token, indicating he poses a “procedural risk” owing to his substantial financial resources, which could facilitate his potential evasion. LIBRA has been at the center of national controversy since Argentine President Javier Milei mentioned it on social media shortly after its launch, prompting speculation regarding the connection between his support and the token’s rapid price increase.
Despite an initial surge, LIBRA’s valuation plummeted shortly thereafter, resulting in losses of approximately $4.4 billion in market capitalization, adversely affecting a significant number of investors. Data from blockchain analytics firm Nansen reveal that 86% of LIBRA traders incurred losses totaling around $251 million. Some critics have accused Davis and other project insiders of orchestrating a pump-and-dump scheme, claiming they retained most of the token supply and benefitted by selling at inflated prices.
After a period of absence, Davis has re-emerged, announcing he has secured legal counsel led by Brian Klein from Waymaker Law, a firm noted for handling intricate financial crime cases with regulatory agencies. Davis proclaimed his innocence, asserting that his intentions were solely directed toward the success of LIBRA, with no objective to deceive investors. Concurrently, President Milei has refuted allegations of wrongdoing, asserting that his actions were limited to disseminating information regarding the token.
Additionally, as part of the continuing investigation, prosecutor Taiano mentioned his intent to freeze approximately $110 million in assets linked to Milei’s participation in the LIBRA controversy.
The request for an Interpol Red Notice against Hayden Davis emphasizes the serious legal scrutiny surrounding the LIBRA token and its creators. The allegations of a pump-and-dump scheme and the subsequent financial losses for investors highlight the risks inherent in cryptocurrency ventures. Both Davis and President Milei have defended their actions, framing their public efforts related to LIBRA as benign. The ongoing investigation into these matters underscores the complexities and potential legal ramifications in the rapidly evolving cryptocurrency landscape.
Original Source: crypto.news
