Argentine lawyer Gregorio Dalbon has reportedly called on Interpol to issue a Red Notice for crypto entrepreneur Hayden Davis, linking him to the collapse of the Libra memecoin.
Davis is the CEO of Kelsier Ventures and a central figure behind the controversial Solana-based Libra memecoin whose market capitalization plunged by more than $4 billion amid accusations of a pump-and-dump scheme
Reports suggest that Davis and other key figures behind the Solana-based token amassed more than $107 million before the project imploded. Adding to the controversy, Davis allegedly claimed he wielded political influence over Argentine President Javier Milei.
Despite the issues, Davis has publicly defended himself. In an interview with YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” he dismissed allegations of fraud and characterized the Libra token’s downfall as a business failure rather than a deliberate scam.
Interpol’s red notice
According to a local media report, Dalbon submitted his request to Eduardo Taiano, the lead prosecutor investigating the case, and Judge MarÃa Servini overseeing the proceedings.
Dalbon argued that Davis played a pivotal role in creating and promoting the Libra memecoin. He raised concerns about Davis’ ability to evade legal action, citing his financial resources and foreign residency as potential risks.
The lawyer further warned that allowing Davis to remain at large could obstruct legal proceedings, especially given the scale of investor losses.
The report stated:
“The possibility that Davis may leave his country of residence or go into hiding to avoid criminal liability for the events under investigation is aggravated by his financial resources , which could make it easier for him to move around or remain in hiding, thus frustrating the progress of the investigation.”
Considering this, Dalbon wants an international arrest warrant (Red Notice) issued for Davis.
A Red Notice is an Interpol request urging global law enforcement agencies to arrest a suspect pending extradition. However, compliance remains voluntary as individual countries decide whether to act based on their national laws.
This latest move adds to the intensifying investigation into the Libra memecoin scandal. Last week, Prosecutor Taiano took steps to secure key digital evidence, including transaction records and promotional materials. He also initiated efforts to freeze over $100 million allegedly pocketed by the token’s creators.
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