Libra Crypto Scandal: $100M Frozen, Interpol Red Notice Filed for Hayden Davis

The LIBRA crypto scandal in Argentina has taken another major twist, and this time, the stakes are even higher. High-profile lawyer Gregorio Dalbon is now pushing for the arrest of Hayden Davis, the man accused of being the mastermind behind the failed project. Dalbon has formally requested an Interpol Red Notice to track Davis down in the U.S. and have him extradited to Argentina.

Why? Because, according to Dalbon, Davis isn’t just another crypto player caught in controversy – he played a central role in the scheme that wiped out millions in investor funds. And with his wealth and overseas connections, there’s a real fear he could slip away before facing justice.

What Happened to Libra?

LIBRA, a Solana-based meme coin, gained huge attention after Argentine President Javier Milei publicly endorsed it, as reported by local media on March 11. But the excitement didn’t last long—within hours, the token’s value crashed, wiping out millions in investor funds. The controversy not only hit traders hard but also raised serious questions about Milei’s administration, with critics debating whether he was involved in the scheme or simply misled.

Legal Battle Heats Up

Dalbon, who has a history of high-profile cases, filed his request with Argentine prosecutor Eduardo Taiano and Judge María Servini. According to local media reports, he stressed Davis’s involvement in creating and promoting LIBRA, arguing that his freedom posed a serious risk.

He accuses him of playing a key role in the scandal that caused massive losses for investors. He even argued in the filing that Davis posed a “procedural risk” if he is allowed to move freely, with huge financial backing, he could easily escape to the U.S. or go into hiding. 

Authorities Act Fast

Meanwhile, authorities have already frozen $100 million in cryptocurrency tied to the case. If Interpol approves Dalbon’s request, Davis could be arrested in any of the 195 member countries under Red Notice rules. However, a Red Notice is not an automatic arrest warrant—each country decides whether to act based on its own laws.

What’s Next for the LIBRA Scandal?

The LIBRA case has shaken Argentina’s financial and political landscape. Investors lost millions, and the government is facing backlash over its handling of the situation. If Davis is arrested and extradited, it could be a major step toward holding those responsible accountable.

Fraud allegations, rug-pull accusations, and even ties to President Milei—this saga is far from over. However, this case will add a new chapter in the crypto history on how such high-profile fraud cases should be handled in the future.

Davis may still be free, but with international authorities closing in, time may not be on his side.

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