Argentine attorney Gregorio Dalbon has reportedly urged Interpol to issue a Red Notice for cryptocurrency entrepreneur Hayden Davis, associating him with the downfall of the Libra memecoin.
Davis serves as the CEO of Kelsier Ventures and is a key player behind the controversial Libra memecoin built on the Solana blockchain, which saw its market value plummet by over $4 billion amid allegations of a pump-and-dump scheme.
Reports indicate that Davis and other prominent figures involved with the token previously accumulated upwards of $107 million before the project collapsed. Adding to the scandal, Davis has been accused of suggesting he had political sway over Argentine President Javier Milei.
In spite of these troubles, Davis has taken to defending his actions publicly. In a conversation with YouTube investigator Stephen Findeisen, known as “Coffeezilla,” he dismissed the fraud accusations and described the decline of the Libra token as a mere business setback instead of a calculated scam.
Interpol’s Red Notice
As outlined by local news, Dalbon filed his request with lead prosecutor Eduardo Taiano and Judge María Servini, who is supervising the case.
Dalbon contends that Davis played a crucial role in both the creation and promotion of the Libra memecoin. He expressed concerns that Davis could potentially evade prosecution due to his financial means and residency abroad, which could hinder legal efforts.
The attorney further cautioned that permitting Davis to remain unapprehended could obstruct legal processes, particularly considering the significant losses faced by investors.
The report highlighted:
“The risk that Davis might flee his country of residence or go into hiding to escape criminal liability is heightened by his financial resources, which could facilitate his ability to relocate or remain concealed, therefore impeding the investigation’s progress.”
With this in mind, Dalbon is seeking an international arrest warrant (Red Notice) for Davis.
A Red Notice is essentially an Interpol request that calls on law enforcement agencies globally to detain a suspect in anticipation of extradition, though compliance is at the discretion of individual countries based on their domestic laws.
This latest development is part of the escalating investigation into the Libra memecoin scandal. Just last week, Prosecutor Taiano took measures to secure essential digital evidence, which includes transaction logs and promotional content. Additionally, he has begun efforts to freeze more than $100 million allegedly acquired by the creators of the token.