Overview
- Argentine lawyer Gregorio Dalbon has formally requested an Interpol Red Notice for Hayden Davis, the U.S.-based founder of the LIBRA memecoin.
- The LIBRA token, promoted by Argentine President Javier Milei, surged to a $4.5 billion market cap before collapsing by over 99%, causing significant investor losses.
- Davis is accused of playing a central role in the token's creation and alleged insider trading that preceded its crash.
- President Milei, who initially endorsed LIBRA, has denied wrongdoing and distanced himself from the project following its collapse.
- Legal proceedings are escalating, with Argentine authorities freezing $100 million in crypto assets linked to the case as calls for accountability grow.