Libra scandal escalates as Argentina seeks international arrest of creator
Argentina seeks international arrest of Libra creator
Argentina has taken a significant step in the ongoing investigation of the cryptocurrency Libra, requesting the international arrest of its creator, Hayden Mark Davis.
The businessman, based in the United States, is accused of orchestrating a large-scale fraud that allegedly misled investors, many of whom are Argentine citizens, according to Livecoins.
According to local reports, prominent Argentine lawyer Gregorio Dalbón has filed a petition to place Davis on Interpol’s Red Notice list, citing concerns that he may flee the U.S. to avoid legal proceedings. The request, submitted to Argentine prosecutors, aims to secure Davis’s extradition for trial in Argentina.
Legal complexities and international implications
The Libra scandal gained international attention after it was promoted on the X account of Argentine President Javier Milei, though there is no evidence linking Milei directly to the alleged scheme. Investors claim to have suffered financial losses after purchasing the meme coin, which later plummeted in value.
Under the 1997 extradition treaty between Argentina and the United States, extradition is possible if the crime is recognized in both countries. While theft qualifies, the U.S. government may choose to prosecute Davis domestically rather than extradite him.
Davis, through his legal representatives at Los Angeles-based Waymaker Law, has denied all allegations, stating that evidence in his defense will be presented soon. The case now hinges on Argentina’s judicial decision and potential cooperation from U.S. authorities.
If granted, the Interpol Red Notice could significantly restrict Davis’s international mobility, further escalating the legal battle over Libra and its impact on investors.
Meanwhile, Tim Draper predicted economic growth in countries prioritizing "freedom and trust," highlighting Argentina under Melei and Uruguay under La Calle as promising markets. His outlook reflects a broader trend favoring emerging economies embracing capitalism and liberalization.
