Argentine lawyer Gregorio Dalbon isn't playing around – he's gunning for Hayden Davis with an Interpol Red Notice request. Davis, the alleged mastermind behind the $4 billion LIBRA token crash, reportedly made off with $107 million before the crypto collapsed. The scandal's even dragged in Argentine President Milei, who promoted the token before its spectacular failure. With 195 countries on alert, Davis might find his crypto paradise turning into a global game of hide-and-seek.
An Argentine lawyer has launched an aggressive pursuit of Hayden Davis, the alleged mastermind behind the controversial LIBRA token, by requesting an Interpol Red Notice for his arrest. Attorney Gregorio Dalbon submitted the request to Prosecutor Eduardo Taiano and Judge María Servini, aiming to track down Davis across 195 countries. Talk about casting a wide net.
The LIBRA token, a Solana-based meme coin, shot to a staggering $4 billion market cap before crashing spectacularly. Argentine President Javier Milei got tangled in the mess after promoting the token on social media – only to hastily delete his posts when things went south. Smooth move.
Investors worldwide lost millions when LIBRA's value plummeted, triggering accusations of a classic pump-and-dump scheme. The token's creators allegedly controlled massive portions of the supply, manipulating prices before pulling the rug out from under investors. The lack of regulatory oversight made it all too easy. Davis and his team reportedly pocketed over $107 million before the collapse. Argentine authorities responded by ordering asset freezes on crypto holdings connected to the scandal.
Davis, now in the crosshairs of international law enforcement, might find his financial resources both a blessing and a curse. While his wealth could help him dodge authorities, it's precisely these resources that have Dalbon worried about potential flight risks. The lawyer isn't taking any chances, pushing for maximum international cooperation to secure Davis's arrest and extradition.
Milei's involvement added a political powder keg to the mix. The Argentine President tried to distance himself from the scandal, claiming he merely shared information rather than actively endorsed the token. But the damage was done.
If approved, the Red Notice would put Davis on law enforcement's radar across the globe. However, countries can choose whether to act on these notices based on their own laws.
The whole saga reads like a crypto cautionary tale – complete with politicians, lawyers, and millions in vanished funds. While investors grapple with their losses, Dalbon's pursuit of Davis signals that at least someone's trying to hold someone accountable for this financial fiasco.
