Argentine Prosecutors Seek Interpol Red Notice for Hayden Davis’ Arrest

The investigation began after numerous investors reported losing large amounts of money buying LIBRA. Hayden Davis is accused of defrauding investors and profiting from the token.

Legal Team Argues Hayden Davis Could Try to Evade Justice 

Recently, the case took a new turn as Federal Prosecutor Eduardo Taiano, who is leading the investigation, emphasized the need for stronger action. In a newly submitted document, attorney Gregorio Dalbon argued that allowing Hayden Davis to remain free poses a risk, as he may attempt to evade justice.

Dalbon is requesting the Hayden Davis arrest through an Interpol Red Notice. According to him, Davis, a U.S. resident, has the resources to flee and remain in hiding.

LIBRA’s launch was one of the most talked-about token releases in recent months. The token debuted on February 14, saw a sharp rise in value, and then experienced a steep drop. Argentine President Javier Milei played a key role in the story, as his mention of LIBRA on X drew significant attention to the token.

According to Página/12, Davis, who had been avoiding the spotlight in recent weeks, broke his silence on March 10. He announced that he would attend the court hearing with new lawyers to prove his innocence, stating that he did nothing wrong and only aimed for the success of the crypto project.

Latest LIBRA Transactions from Davis's Wallet 

Recently, on-chain investigator Dethective reported that Hayden Davis is cashing out funds generated from LIBRA token sales. In two separate posts on X, Dethective revealed that Davis first cashed out $900,000 on March 8 and then $700,000 three days later.

Previously, Davis said in an interview with Coffeezilla that his wallet contained $100 million from LIBRA token sales as a custodian. He also admitted that he didn’t know what to do with the money. During the conversation, Davis revealed that he was involved in the Melania memecoin launch, another high-profile cryptocurrency that has seen a major decline.

It remains unclear whether these transactions are part of the legal process or what they reveal about Davis’s intentions.

Related: LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

What’s Next for the LIBRA Case? Potential Risks and Memecoin Pitfalls

With the investigation into Hayden Davis and the LIBRA token ongoing, it remains uncertain whether Argentinian lawyers will be able to secure an Interpol Red Notice for his arrest. It's also important to note that the court has yet to make a decision regarding the case.

The LIBRA case highlights the risks involved in investing in memecoins. While the token had a massive launch and saw its value spike, it quickly dropped, leaving many investors at a loss. As the investigation progresses, all eyes will be on how the Hayden Davis arrest unfolds and what it means for the future of memecoins. 

Related: Who Is Hayden Davis? The Man Behind Libra Token Explained