Argentina’s lawyer seeks Interpol’s help to arrest Hayden Mark Davis, creator of the $LIBRA memecoin. Following a massive crash that resulted in over $250 million in losses, President Milei faces impeachment, and Davis could be extradited. Davis poses a flight risk due to his financial capabilities, while ongoing investigations probe possible fraud, bribery, and influence peddling related to his actions and Milei’s promotion.
In Argentina, a lawyer has formally requested Interpol to issue a “Red Notice” for Hayden Mark Davis, a U.S. citizen known for creating the $LIBRA memecoin. The request follows significant financial losses associated with the memecoin’s promotion by Argentine president Javier Milei. As a result, both Milei and Davis are now under scrutiny, with Milei facing potential impeachment and Davis the possibility of extradition due to the fallout from the coin’s collapse.
Attorney Gregorio Dalbón argues that Davis poses a considerable flight risk due to his financial resources, suggesting that he could evade justice. Dalbón’s court documents highlight Davis’s ability to flee, stating that he has sufficient funds to escape or hide, which would impede the ongoing investigation into his actions related to $LIBRA.
If granted, the Red Notice would enable U.S. authorities to arrest Davis for extradition back to Argentina. The $LIBRA memecoin, which Davis promoted alongside Milei, initially surged to a market cap of $4.5 billion before plummeting to approximately $18 million. This drastic decline resulted in losses exceeding $250 million for over 10,000 investors, while Davis reportedly profited by selling his shares prior to the crash, making around $100 million.
Davis’s venture into memecoin creation is not unique; he previously released the $MELANIA coin shortly after the launch of President Donald Trump’s $TRUMP memecoin. Misleading narratives led some investors to believe that First Lady Melania Trump was involved, while it was merely Davis’s initiative. Both memecoins experienced a similar trajectory of initial success followed by rapid decline.
Public interactions between Davis and Milei have not been discreet, as evidenced by photos shared on social media and Davis’s discussions about their connection on various podcasts. Reports suggest that Davis referred to his influence over Milei, indicating a close and possibly exploitative relationship, which is now being scrutinized due to the allegations of conspiracy to defraud.
An incident involving entrepreneur Steven Enamakel also highlights Davis’s controversial reputation within the crypto community. After dining at Nobu, Davis allegedly left Enamakel to settle a hefty sushi bill of $2,000, exhibiting behavior that further tarnished his image. Enamakel recounted his experience, stating that he should have anticipated difficulties with Davis’s conduct.
The Argentine investigation into $LIBRA commenced shortly after its promotion, probing into potential collusion between Milei and Davis regarding fraud, with implications of bribery and influence peddling looming over Davis’s actions as the situation unfolds.
The demand for Hayden Mark Davis’s arrest underscores significant concerns surrounding the promotion and subsequent collapse of the $LIBRA memecoin, which has led to substantial financial losses for many investors. The evolving nature of the case involves possible legal ramifications for both Davis and President Milei, including allegations of conspiracy to commit fraud. The situation highlights the need for scrutiny and accountability in the cryptocurrency space, particularly regarding the promotion of potentially fraudulent financial instruments.
Original Source: gizmodo.com
