In a twist that could only be described as Nabokovian in its absurdity, an Argentine prosecutor has beseeched a judge to issue an Interpol “Red Notice” for one Hayden Davis, an American citizen allegedly embroiled in the launch of the LIBRA memecoin—a digital farce that has ensnared Argentine President Javier Milei in a scandal of operatic proportions.
The LIBRA Memecoin Debacle
Prosecutor Gregorio Dalbón, in a document reviewed by Fortune, accuses Davis of being the puppet master behind the LIBRA memecoin, a token that soared to fame after President Milei, in a fit of romantic folly, endorsed it on Valentine’s Day.
Following Milei’s imprudent endorsement, LIBRA’s market capitalization ballooned to a staggering $4.5 billion, only to deflate like a punctured balloon, plummeting by more than 99% to a pitiful $18 million. Blockchain sleuths later uncovered that certain insiders had cashed out their tokens shortly after Milei’s ill-fated endorsement.
In his request for the Red Notice, Dalbón voiced concerns that Davis, with his considerable financial resources, might abscond or vanish into the ether, evading justice with the ease of a seasoned fugitive.
“The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses,” Dalbón declared, his words dripping with urgency.
Interpol, that august body of international law enforcement, facilitates cooperation among its 196 member countries, including the US and Argentina. A Red Notice, for the uninitiated, is a request for member countries to locate and provisionally arrest individuals pending extradition.
Federal Probe Into Milei’s Endorsement
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At the time of writing, the memecoin is trading at $0.060, down over 90% from its all-time high reached on Valentine’s Day.
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2025-03-15 01:43