Argentine lawyer Gregorio Dalbon has formally requested that Interpol issue a red notice for the arrest of entrepreneur Hayden Davis. Davis is accused of being a key figure in the controversial Libra cryptocurrency collapse, which led to massive financial losses for investors worldwide.
Davis’s Alleged Role in the Libra Collapse
Dalbon, known for his high-profile legal cases, claims that Davis played a central role in the failure of the Libra token project. According to allegations, Davis’s actions contributed to a financial debacle that saw millions of dollars in investor funds vanish. Prosecutors investigating the case have already frozen approximately $100 million in cryptocurrency assets tied to the scandal.
Legal Actions and Possible Arrest
Dalbon’s push for an Interpol red notice signals an escalation in legal efforts against Davis. If approved, the red notice would put Davis on the radar of law enforcement agencies worldwide, potentially leading to his arrest and extradition. Despite the severity of the accusations, Davis’s legal representatives have yet to issue a statement.
Context of the Scandal and Consequences
The Libra cryptocurrency was initially marketed as a revolutionary digital asset, but it quickly faced regulatory scrutiny and internal mismanagement. Investors who poured money into the project were left stranded when the token’s value plummeted, leading to lawsuits and criminal investigations across multiple jurisdictions.
Involvement of international law enforcement could turn the case into a global issue, increasing the likelihood of Davis facing trial for his alleged role in the Libra token scandal.
