The scandal surrounding Argentina's LIBRA token is escalating, with prominent lawyer Gregorio Dalbon calling for an international arrest warrant for the cryptocurrency's co-creator, Hayden Davis.
Legal Actions Against Hayden Davis
Lawyer Gregorio Dalbon has formally requested an international arrest warrant for Hayden Davis, co-creator of the LIBRA token. Dalbon filed the petition with prosecutor Eduardo Taiano and judge María Servini, who are investigating Argentine President Javier Milei's alleged involvement in the project. Dalbon argues that Davis poses a 'procedural risk' due to his access to significant financial resources, which could enable him to evade justice. The lawyer points to Davis' role in the LIBRA token's rise and fall as making him a central figure in the ongoing investigation.
Fallout from the LIBRA Token Collapse
The LIBRA token was launched on February 14, and its value skyrocketed after Milei shared it on social media, boosting its market cap beyond $4 billion. However, allegations quickly surfaced that Davis and his team at Kelsier Ventures orchestrated a pump-and-dump scheme, holding a significant portion of the token's supply and selling at its peak—resulting in a price collapse. Multiple fraud charges were filed against Milei in Argentine courts, and complaints about potential financial crimes were submitted to both local authorities and the U.S. Justice Department. Milei, however, denies promoting the token, stating he merely 'spread the word' about its existence.
Davis Denies Wrongdoing
Davis, whose firm Kelsier Ventures allegedly profited $100 million from the token launch, insists that LIBRA was a 'failure, not a scam.' Speaking with investigative YouTuber Stephen Findeisen, Davis refuted claims of personally owning or selling LIBRA tokens. However, leaked messages allegedly show him boasting about paying Milei's sister, Karina Milei, to have the president promote the token on social media—an accusation Davis denies. With Dalbon's request for an international arrest warrant, the case has taken on an international dimension, raising questions about whether Davis will face legal consequences in one of Argentina's most politically charged crypto controversies.
The LIBRA token scandal continues to escalate, raising significant questions about the legal consequences for key participants and their potential accountability in cryptocurrency controversies.
