LIBRA Scandal Deepens with Legal Pursuits, Did Hayden Davis Pay Milei’s Sister?

• Argentina seeks an Interpol Red Notice for Hayden Davis over the $LIBRA scandal, citing flight risk and financial influence.
• Davis allegedly profited $100M from $LIBRA’s rise and fall, with reports linking payments to President Milei’s sister for promotion.
• Legal fallout grows as Milei faces fraud charges, while U.S. authorities probe financial crimes tied to the collapsed cryptocurrency.

According to Whale Insider, Argentine authorities are moving to issue an Interpol Red Notice for Hayden Davis, the alleged mastermind behind the $LIBRA cryptocurrency collapse. Prominent lawyer Gregorio Dalbon filed a request urging legal authorities to secure Davis’s arrest. He submitted the request to prosecutor Eduardo Taiano and Judge María Servini. The petition cites a “procedural risk” if Davis remains free, given his access to financial resources.

Argentina Pursues International Arrest Warrant

Davis played a key role in creating and promoting the $LIBRA token. The cryptocurrency gained traction after Argentine President Javier Milei shared it on social media. The token soared to a $4 billion valuation before crashing. Many investors accused Davis and his firm, Kelsier Ventures, of orchestrating a pump-and-dump scheme.

Dalbon emphasized that Davis could flee the United States or go into hiding if authorities fail to act swiftly. He requested an international arrest warrant to prevent Davis from evading justice. Moreover, he insisted on Davis’s extradition to face charges in Argentina. Interpol’s Red Notice would alert global law enforcement agencies to locate and detain him.

LIBRA Scandal Sparks Political and Legal Turmoil

The LIBRA debacle triggered widespread legal repercussions in Argentina. Multiple fraud charges were filed against Milei for his alleged role in promoting the token. Additionally, U.S. authorities received reports concerning financial crimes tied to LIBRA. The president, however, denied direct involvement. He claimed he only “spread the word” about the cryptocurrency rather than actively endorsing it.

Davis profited heavily from LIBRA’s rapid rise and fall. Reports indicate he gained nearly $100 million from the token’s launch. However, he denied ownership of the tokens and insisted he did not sell them. Leaked messages suggested he paid Milei’s sister, Karina Milei, to have the president promote the token. Davis later dismissed the claims, stating he had no record of such transactions.