An Argentine lawyer has requested an Interpol Red Notice against Hayden Davis, the co-creator of LIBRA.
According to a March 12 report from local media outlet Página 12, attorney Gregorio Dalbon, known for having represented former Argentine president Cristina Fernández de Kirchner, filed the request with prosecutor Eduardo Taiano and Judge María Servini.
For those unaware, an Interpol Red Notice is essentially a global alert requesting law enforcement agencies worldwide to locate and provisionally arrest someone. Similar notices have been asked for in high-profile crypto cases, including for Terraform Labs’ Do Kwon.
In court documents, Dalbon reasoned that Davis played a “central role” in the creation and promotion of the LIBRA token and posed a “procedural risk” due to his financial resources, “which could make it easier for him” to flee or go into hiding.
LIBRA became a national controversy after Argentine President Javier Milei shared it on social media just minutes after its launch, fueling speculation that his endorsement contributed to its meteoric rise.
However, the token’s price crashed soon after, wiping out $4.4 billion in market capitalization and leaving many investors with heavy losses.
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According to blockchain analytics firm Nansen, 86% of LIBRA traders lost money, amounting to a combined $251 million.
Critics allege Davis and other insiders orchestrated a pump-and-dump scheme, as the token’s creators allegedly held most of the supply and sold off their holdings at the peak.
Davis, for his part, resurfaced recently after weeks of silence, announcing that he has hired legal representation and plans to address the case. His legal team includes Brian Klein of Waymaker Law, a well-known firm that handles complex financial crime cases involving the SEC and the U.S. Justice Department.
In a statement, Davis maintained his innocence, claiming he “only wanted and sought the success” of LIBRA and had no intent to defraud investors, the Página 12 report added.
Meanwhile, Milei has also denied any wrongdoing, insisting he merely “spread the word” about the token rather than formally promoting it.
As previously reported by crypto.news, last week, Taiano told local media that he intends to freeze roughly 110 million in assets as part of an ongoing investigation into Milei’s involvement in the LIBRA scandal.
Read more: KIP Protocol denies role in LIBRA launch, calls itself ‘convenient cover’
