Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin
14 Marzo 2025 - 11:30PM
NEWSBTC
An Argentine prosecutor has requested a judge to issue an Interpol
“Red Notice” for Hayden Davis, an American citizen allegedly
involved in the launch of the controversial LIBRA memecoin that has
entangled Argentine President Javier Milei in a dramatic political
scandal. LIBRA Memecoin Scandal The request, made by
prosecutor Gregorio Dalbón, reviewed by Fortune, accuses Davis of
being a key figure behind the LIBRA memecoin. The token gained
significant attention after President Milei endorsed it on
Valentine’s Day. Following Milei’s endorsement, LIBRA’s
market capitalization soared to over $4.5 billion. However, its
value quickly collapsed, plummeting by more than 99% to
approximately $18 million. Blockchain analysts later revealed that
certain insiders sold large amounts of the token shortly after
Milei publicly supported it. Related Reading: Solana Price Crash To
$90? Why A 26% Decline Could Rock This Crypto In his request for
the Red Notice, Dalbón expressed concerns that Davis might evade
justice, citing his financial resources that could facilitate his
flight or concealment. “The possibility that Davis will
abandon his country of residence or hide to avoid answering for his
alleged acts appears to be aggravated by the economic resources he
possesses,” Dalbón stated, emphasizing the urgency of the
situation. Interpol, the International Criminal Police
Organization, facilitates international cooperation among law
enforcement agencies in its 196 member countries, including the US
and Argentina. A Red Notice serves as a request for member
countries to locate and provisionally arrest individuals pending
extradition. Federal Investigation Launched Into Javier Milei’s
Endorsement Davis has not publicly responded to the allegations,
nor have his family members, including his brother Gideon and
father Charles, who are involved in their family crypto venture,
Kelsier Ventures, Fortune reported. Yet, the controversy
surrounding LIBRA is further complicated by its connection to
former President Donald Trump, who recently launched his own
memecoin named TRUMP. Trump’s endorsement of cryptocurrency has
been characterized as part of his broader strategy to position
himself as a pro-crypto advocate. Related Reading: Bitcoin
Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over
Following Milei’s endorsement, Davis openly acknowledged his role
as an advisor to the Argentine president, stating, “I am indeed
Javier Milei’s advisor.” He also claimed responsibility for the
launch of a separate memecoin associated with Melania Trump. The
fallout from the LIBRA launch has prompted legal inquiries,
including a federal investigation into Milei’s actions. Both Milei
and Davis have denied any wrongdoing, but the political
implications of this incident are significant, as it raises
questions about the accountability and regulation of
cryptocurrencies in Argentina. At the time of writing, the memecoin
is trading at $0.060, down over 90% from its all-time high reached
on Valentine’s Day. Featured image from DALL-E, chart from
TradingView.com
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