Argentina is trying to get Interpol to issue a Red Notice for Hayden Davis, the guy behind the failed LIBRA cryptocurrency. This comes after accusations that LIBRA was a scam that cost investors a lot of money.
The LIBRA Debacle
LIBRA was a cryptocurrency that exploded in popularity, partly thanks to endorsements from Argentine President Javier Milei. However, it crashed spectacularly, leaving many investors with nothing. The sudden drop fueled rumors of a “rug pull”—where creators hype up a project, take the money, and disappear.
Davis, the man behind LIBRA, denies any wrongdoing, claiming the project failed but wasn’t a scam. He admits to having around $100 million in an account but says it’s not his.
Milei’s Involvement
A big part of this story involves President Milei. Reports suggest Davis paid Milei’s sister, Karina, to promote LIBRA. Both Milei and his sister deny receiving any money. This adds another layer of complexity to the situation. After Milei deleted his promotional posts for LIBRA, investor confidence plummeted.
Legal Action and Interpol
Lawyer Gregorio Dalbón, representing the affected investors, requested the Interpol Red Notice, arguing Davis has the means to avoid arrest. Getting a Red Notice is a big deal, but it doesn’t guarantee an arrest. If a country recognizes the notice, however, it allows for Davis’s detention.
What’s Next?
For now, Davis is still free. Everyone’s waiting to see if Interpol issues the Red Notice. If they do, Davis could face serious legal consequences. Meanwhile, investors are left wondering if they’ll ever see their money again.