An Interpol Red Notice has been requested for Hayden Davis, co-creator of LIBRA, by lawyer Gregorio Dalbon in connection with alleged financial misconduct relating to the token’s rapid rise and fall. The LIBRA token recently witnessed an $4.4 billion market crash, with significant losses reported by investors prompting legal actions against its creators.
An Argentine lawyer has initiated a request for an Interpol Red Notice against Hayden Davis, the co-creator of LIBRA. This action was reported on March 12 by Página 12, revealing that attorney Gregorio Dalbon, who previously represented former Argentine president Cristina Fernández de Kirchner, submitted the request to prosecutor Eduardo Taiano and Judge María Servini.
An Interpol Red Notice serves as a global alert for law enforcement agencies, enabling them to locate and provisionally arrest individuals. Comparable notices have been issued in significant cryptocurrency cases, such as for Terraform Labs’ Do Kwon. Dalbon’s court documents assert that Davis was instrumental in the development and promotion of the LIBRA token and poses a procedural risk because of his financial means that could facilitate his escape.
The LIBRA token gained national attention when Argentine President Javier Milei promoted it on social media shortly after its launch, which some believe significantly boosted its initial popularity. Nevertheless, the token’s value plummeted, leading to a loss of $4.4 billion in market capitalization, drastically affecting numerous investors.
Blockchain analytics firm Nansen reported that approximately 86% of LIBRA traders experienced losses, totaling about $251 million. Critics have accused Davis and his partners of orchestrating a pump-and-dump scheme, alleging that the token’s creators held the majority of the supply and sold it at its peak.
In recent communications, Davis reemerged after a period of silence, declaring that he has secured legal representation, including Brian Klein from Waymaker Law, a firm recognized for handling intricate financial crime matters related to the SEC and U.S. Justice Department. Davis stated he is innocent, claiming his intentions were solely to achieve LIBRA’s success and that he never aimed to defraud investors.
Amid the controversy, President Milei firmly rejected any accusations of misconduct, asserting that he only promoted the token informally. Additionally, last week, prosecutor Taiano revealed intentions to freeze around $110 million in assets as part of the ongoing investigation into Milei’s role in the LIBRA situation.
The situation surrounding Hayden Davis and the LIBRA token has escalated with the request for an Interpol Red Notice, highlighting the complexities of cryptocurrency-related legal issues. As the investigation continues, both Davis and President Milei proclaim their innocence despite escalating scrutiny. The substantial losses faced by LIBRA investors and allegations of a potential pump-and-dump scheme imply significant repercussions for all involved.
Original Source: crypto.news
