Interpol Alert Sought for LIBRA Founder Hayden Davis in Crypto Fraud Case

Lawyer Seeks Interpol Red Notice for LIBRA Founder Hayden Davis

By Jamie Crawley | Edited by Parikshit Mishra
March 13, 2025, 10:14 a.m. UTC

A lawyer in Argentina has officially requested an international arrest warrant for Hayden Davis, the founder of the memecoin LIBRA, according to a report by Buenos Aires newspaper Pagina 12.

Key Points:

An Argentine lawyer has called for an international arrest warrant for Hayden Davis, the creator of LIBRA.
The request seeks an Interpol Red Notice to locate and detain Davis for extradition.
LIBRA’s value soared to a $4.4 billion market cap before plummeting by over 95% last month.

Attorney Gregorio Dalbon highlighted concerns regarding the procedural risks associated with Davis remaining at large. As a U.S. citizen with significant financial resources, Davis could potentially evade capture, Dalbon argued in his legal submission.

To address these risks, Dalbon formally petitioned Argentine courts for “the international arrest of Davis and the issuance of an Interpol Red Notice to locate and detain him for extradition.”

LIBRA’s Rise and Fall

The LIBRA memecoin experienced a meteoric rise, reaching a peak market capitalization of $4.4 billion before crashing by more than 95% in the past month.

Argentine President Javier Milei had previously promoted LIBRA in a now-deleted tweet. However, he later distanced himself from the project, stating he was initially unaware of its full details. Once informed, he “decided not to continue spreading the word.”

The collapse of LIBRA has reportedly resulted in investor losses estimated at $251 million, according to research conducted by Nansen.

The case against Davis is still unfolding, with authorities assessing the legal implications of Dalbon’s request and the potential for extradition proceedings.

The recent request for an Interpol Red Notice against Hayden Davis, founder of the memecoin LIBRA, stems from a series of events that have significantly impacted Argentina’s political and financial landscape.

Background on the LIBRA Scandal:

On February 14, 2025, the Delaware-based company Kelsier Ventures launched the “$LIBRA” token as part of a project called “Viva La Libertad.” Shortly after its creation, Argentine President Javier Milei promoted the cryptocurrency on his official social media accounts, leading to a rapid increase in its value. Within 40 minutes, LIBRA’s price surged from $0.000001 to $5.20. However, it was later revealed that the founders held 70% of the total supply and sold their holdings at the peak, causing the price to plummet by 85%. This event, commonly referred to as a “rug pull,” resulted in approximately 74,000 investors losing an estimated $87 million.

Hayden Davis’s Involvement:

Hayden Davis, CEO of Kelsier Ventures, played a central role in the LIBRA project. He claimed to have been an advisor to the Argentine government and asserted that the promotional campaign had been agreed upon with President Milei’s team. However, following the scandal, Davis accused Milei of abruptly withdrawing support, which he believes triggered panic selling among investors.

Allegations of Bribery and Influence:

Reports have surfaced suggesting that Davis boasted about bribing Karina Milei, the president’s sister and secretary, to influence presidential decisions. He allegedly claimed that through payments to her, he could direct the president’s actions, including promoting specific projects like LIBRA. While no concrete evidence has been found to substantiate these claims, and Davis has denied making such payments, the allegations have intensified the scrutiny surrounding the scandal.

Political Repercussions:

The LIBRA debacle has led to significant political fallout for President Milei. Opposition figures have called for his impeachment, accusing him of participating in a scam that defrauded thousands of investors. Over 100 complaints have been filed with Argentina’s supreme court. In response, Milei has denied any personal gain from the promotion and has involved the Anti-Corruption Office to investigate potential misconduct.

Current Legal Actions:

In light of these developments, Argentine lawyer Gregorio Dalbon has requested an international arrest warrant for Hayden Davis. Citing concerns that Davis’s financial resources could enable him to evade capture, Dalbon has petitioned Argentine courts to issue an Interpol Red Notice to locate and detain Davis for extradition. This move underscores the seriousness with which Argentine authorities are treating the scandal and their commitment to holding those responsible accountable.