Hayden Davis, the founder of the $LIBRA meme coin, faces an Interpol Red Notice request as Argentina intensifies its investigation into the alleged crypto fraud.
According to local reports, attorney Gregorio Dalbón has requested the Argentine courts to issue an international arrest warrant, citing concerns that Davis could flee due to his financial resources and global connections.
Argentina seeks Davis’ arrest and extradition
Dalbón argues that Davis must be extradited, warning that his wealth could allow him to evade prosecution. Prosecutor Eduardo Taiano is expanding the investigation to include individuals close to President Javier Milei. The case gained attention after Milei promoted $LIBRA on social media, claiming it would help Argentina’s struggling economy. However, the coin’s value collapsed soon after Milei deleted his endorsement, resulting in massive investor losses.
Despite accusations, Milei denies any wrongdoing. Davis, however, previously admitted that both he and Milei played a role in the project’s development. In a February statement, Kelsier Ventures, Davis’ company, suggested that Milei abruptly withdrew support despite prior commitments.
Legal scrutiny extends to Miles’s inner circle
The investigation has also placed Milei’s sister, Karina Milei, under legal scrutiny. Reports suggest she may have accepted payments from Davis to promote the coin. Initially, Davis claimed Milei and his sister were financially involved, but he later denied these allegations, calling them false. He defended the project, stating its goal was to remove excessive liquidity rather than deceive investors.
Dalbón emphasized the severity of the case, arguing that Davis’ ability to relocate could obstruct legal proceedings. The attorney maintains that the losses suffered by investors justify immediate legal action. Davis has not yet been arrested but recently announced plans to appear in court with a new legal team. He has been in discussions with high-profile lawyers Marcos Salt and Natalia Sergi, although they have not officially taken his case.
Investors seek justice as lawsuits mount
Different lawsuits filed against $LIBRA stem from its failure. The legal complaint was filed by Claudio Lozano together with attorneys Jonatan Baldiviezo and Marcos Zelaya. The legal actions against LIBRA were started by Dalbón and activist Juan Grabois together with Congressman Itaí Hagman.
The position of crypto investor for Milei’s campaign led Martín Romeo to lose his holdings in $LIBRA. He attempted to gain official plaintiff status while presenting transaction records before the court. During the proceeding Judge María Servini declined to recognize his plea because the nature of the suspected crime remained unresolved. The judge named Sandra Arroyo Salgado accepted his testimony which could determine the path of the case.