Overview

A lawyer in Argentina has called for an international arrest warrant for Hayden Davis, the creator of the LIBRA memecoin, as per a report by the Buenos Aires newspaper, Pagina 12.

Key Points:

• The attorney, Gregorio Dalbon, highlighted risks associated with Davis’s ability to remain elusive and leverage his financial means to avoid capture.
• He proposed that an Interpol red notice be issued to help locate and apprehend Davis.

In his submission to the Argentine courts, Dalbon emphasized the need for a swift response to prevent Davis from evading justice.

Last month, LIBRA’s market value spiraled downwards from $4.4 billion, dropping over 95% following controversy surrounding its launch, once backed by tweets from Argentine President, Javier Milei. The president later retracted his support, citing a lack of awareness regarding project specifics.

Research by Nansen estimated that investors lost approximately $251 million due to the drastic fall in LIBRA’s value.