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Interpol Red Notice Sought for LIBRA Token Founder in $251M Crypto Scandal

Argentine lawyer Gregorio Dalbon has requested the international arrest of Hayden Davis over LIBRA token's collapse, which caused significant investor losses and political fallout in Argentina.

Javier Milei is the president of Argentina.
Argentina has created a national committee to help develop blockchain technology. (Unsplash)
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Overview

  • Hayden Davis, the founder of the LIBRA cryptocurrency, faces a formal request for an Interpol Red Notice to secure his detention and extradition from the U.S.
  • Argentine lawyer Gregorio Dalbon argues Davis poses a flight risk due to his financial resources and foreign residence, urging expedited legal action.
  • The LIBRA token, which once reached a $4.4 billion market cap, collapsed by over 95%, resulting in estimated investor losses of $251 million.
  • Argentine President Javier Milei, who had promoted LIBRA in a now-deleted tweet, is under scrutiny as the scandal has led to allegations of a 'rug pull' and calls for his impeachment.
  • Authorities have already frozen $100 million in crypto assets linked to the case, as legal proceedings escalate against Davis and others involved.