- LIBRA’s price plummeted almost 15% on Thursday, hitting $0.06125.
- Argentinian attorney Gregorio Dalbón has submitted a request for an Interpol Red Notice and an international arrest warrant for Hayden Davis.
- Davis, along with Argentine President Javier Milei, is a central figure behind the LIBRA meme coin.
The LIBRA meme coin, which is being backed by President Javier Milei of Argentina, is making waves once again, suffering a nearly 15% drop in value today. A local media outlet reported that attorney Gregorio Dalbón has sought Interpol’s assistance to issue a red notice for Hayden Davis.
Davis is recognized as a pivotal figure in the creation of the LIBRA meme coin. The attorney claims that Davis was instrumental in establishing LIBRA and profiting from the founding accounts until its downturn, suggesting a potential scheme to defraud investors, aided by his connections with top officials of the Argentinian government, including President Milei.
LIBRA is in freefall
On Thursday, LIBRA lost almost 15% of its worth, having plummeted around 92% from its all-time peak.
LIBRA/USDT 4-hour price chart
The meme coin, endorsed by President Milei, is experiencing a significant downturn.
With the request for the Interpol Red Notice, Dalbón is calling on international law enforcement to find and provisionally detain Davis, pending his extradition from the United States. The attorney asserts that Davis is a flight risk because of his residency abroad.
The controversy surrounding LIBRA and Davis is expected to adversely affect trader sentiment, especially after President Milei and his administration are being scrutinized following the price drop of the meme coin.