The LIBRA crypto scandal in Argentina has taken another shocking turn, with lawyer Gregorio Dalbon pushing for the arrest of Hayden Davis, the man accused of being behind the failed project. Dalbon has formally requested an Interpol Red Notice, which would help locate and detain Davis in the U.S. before extraditing him to Argentina. He argues that Davis played a key role in the scandal and could flee due to his wealth and overseas residence.
The LIBRA Token Collapse & Its Political Fallout
LIBRA was a Solana-based meme coin that gained huge attention, especially after Argentine President Javier Milei publicly endorsed it, as local media reported on March 11. However, the hype was short-lived, as the token’s value crashed within hours, wiping out millions in investor funds. The controversy didn’t just hit traders—it also put Milei’s administration under fire, with critics questioning whether he was part of the scheme or simply misled.
Legal Battle Heats Up
Dalbon, who has a history of high-profile cases, filed his request with Argentine prosecutor Eduardo Taiano and Judge María Servini. According to local media reports, he stressed Davis’s involvement in creating and promoting LIBRA, arguing that his freedom posed a serious risk.
He accuses him of playing a key role in the scandal that caused massive losses for investors. He even argued in the filing that Davis posed a “procedural risk” if he is allowed to move freely, with huge financial backing, he could easily escape to the U.S. or go into hiding.
Meanwhile, authorities have already taken action to freeze $100 million in crypto linked to the case. If Dalbon’s request is approved by Interpol, Davis could be arrested in any of the 195 member countries as per the Red Notice rules. However, it’s important to note that a Red Notice is not an automatic arrest warrant—each country decides whether to act based on its own laws.
What’s Next?
The LIBRA scandal has rocked Argentina’s financial and political landscape. Investors lost millions, and the government is facing backlash over its handling of the situation. If Davis is arrested and extradited, it could mark a major step in holding those responsible accountable. But for now, the crypto community and legal experts are watching closely to see what happens next.
Fraud allegations, rug-pull accusations, and even ties to President Milei—this saga is far from over. However, this case will add a new chapter in the crypto history on how such high profile fraud cases should be handled in the future.
