The LIBRA meme coin scandal has reached a new level as Argentine lawyer Gregorio Dalbón has formally requested an Interpol Red Notice for Hayden Davis, the alleged key player in the token’s collapse. This request aims to have Davis located and detained globally, pending extradition from the United States. Dalbón, known for representing former Argentine President Cristina Fernández de Kirchner, filed the petition alongside lead prosecutor Eduardo Taiano and Judge María Servini. The petition argues that Davis is a significant flight risk due to his financial resources and foreign residency. Local reports highlight that the scale of investor losses justifies immediate legal action. Meanwhile, LIBRA’s price continues to decline sharply amid growing fear and uncertainty. The bearish market conditions have only worsened the situation for retail investors who have already suffered significant losses. Blockchain analysis firm Nansen has reported that LIBRA insiders secured major profits , while ordinary investors faced staggering losses. Wallets linked to Davis and another key figure, Kelsier, managed to withdraw substantial amounts before the token collapsed. Blockchain investigators also found evidence of market manipulation tactics, such as automated bot purchases to control liquidity. Davis has acknowledged using such tactics but claimed they were meant to prevent an immediate crash and reinvest liquidity when Argentine President Javier Milei resumed promoting the token. However, this plan failed, leaving many retail investors at a loss while insiders profited. The controversy deepens as LIBRA’s team has been linked to other questionable crypto ventures, including MELANIA, another project accused of being a rug pull . Reports also suggest that LIBRA insiders were in discussions with officials from Nigeria to launch a similar token, raising concerns about repeated crypto-related schemes across multiple countries. Authorities in Argentina have already frozen millions of dollars in crypto tied to the scheme. The LIBRA scandal has also led to ripple effects within the broader cryptocurrency industry. Ben Chow, co-founder of the decentralized finance platform Meteora, recently resigned, further highlighting how deeply the issue has shaken the sector. If Interpol approves Dalbón’s request for a Red Notice, Davis will be flagged as a wanted individual across 195 countries. While a Red Notice does not mandate immediate arrest, it serves as a warning to international law enforcement agencies that Davis is being pursued for extradition. As the situation unfolds, the LIBRA meme coin continues its steep decline, reflecting the damage caused by the scandal. Investors remain uncertain about potential legal resolutions, and the case continues to cast a shadow over Argentina’s political and financial landscape.
