An Argentinian lawyer has asked for an Interpol Red Notification against Hayden Davis, the co-maker of Libra.
According to a March 12 report Van Local Media -Outlet Página 12, lawyer Gregorio Dalbon, known for the former Argentinian President Cristina Fernández de Kirchner, submitted the request to the public prosecutor Eduardo Taiano and judge María Servini.
For those who are not aware, an Interpol red notification is essentially a global alert to ask for law enforcement agencies worldwide to find someone and arrest for the time being. Similar notifications have been requested in high-profile crypto cases, including for DO KWON from Terraform Labs.
In judicial documents, Dalbon argued that Davis played a ‘central role’ in creating and promoting the scales and a ‘procedural risk’ because of his financial resources, ‘what it could make it easier for him’ to flee or hide.
Libra became a national controversy after the Argentinian President Javier Milei had shared it only a few minutes after the launch on social media, thereby fueling speculation that his approval contributed to his meteorical rise.
The price of the token, however, crashed shortly thereafter, so $ 4.4 billion in market capitalization was wiped out and many investors with heavy losses remained.
According to Blockchain Analytics company Nansen, 86% of LEGRA traders lost money for a combined $ 251 million.
Critics claim that Davis and other insiders have orchestrated a pump and dump scheme, because the makers of the token reportedly kept the majority of the offer and sold their participations at the peak.
Davis, for his part, recently appeared after weeks of silence and announced that he has adopted the legal representation and is planning to tackle the case. His legal team consists of Brian Klein from Waymaker Law, a well -known company that deals with complex financial crime cases in which the SEC and the US Department of Justice are involved.
In a statement, Davis maintained his innocence and claimed that he “only wanted the success and sought” of scales and did not intend to cheat investors, the Página 12 report added.
In the meantime, Milei has also denied a misconduct and insisted that he only “spread the word” over token instead of formally promoting it.
As previously reported by Crypto.news, Taiano told the local media last week that he is planning to freeze around 110 million in assets as part of an ongoing investigation into Milei’s involvement in the scandal.
