An attorney in Argentina has sought an international arrest warrant for Hayden Davis, the creator of the LIBRA memecoin, as reported by a Buenos Aires news outlet on Thursday.
Lawyer Gregorio Dalbon highlighted the potential risk of U.S. citizen Davis evading capture, especially given his financial means that may allow him to remain concealed, according to the article.
As a result, the attorney has requested that “Davis’s international arrest be mandated and that an Interpol red notice be issued to help locate and apprehend him for extradition,” in a motion submitted to Argentine authorities.
The LIBRA memecoin reached a market capitalization of $4.4 billion before experiencing a dramatic decline of over 95% last month. Its promotion had previously been endorsed by Argentine President Javier Milei in a now-deleted Twitter post.
Subsequently, the president distanced himself from the LIBRA endorsement, stating he was unaware of the project’s specifics and chose to stop promoting it once he became informed.
The downfall of LIBRA is estimated to have led to $251 million in losses for its investors, as indicated by research conducted by Nansen.