LIBRA Crashes as Interpol Alert Sought for Key Figure

The LIBRA meme coin, once promoted by Argentina’s President Javier Milei, is facing another steep decline, crashing nearly 15% on Thursday and extending its total losses to 92% from its all-time high.

As LIBRA continues its downward spiral, legal troubles surrounding the coin’s alleged mastermind, Hayden Davis, have intensified. Argentine lawyer Gregorio Dalbón has formally requested Interpol to issue a Red Notice for Davis, which would initiate global law enforcement efforts to locate and detain him pending extradition.

Legal Action Against Hayden Davis

According to Argentine media outlet Perfil, Dalbón accuses Davis of orchestrating the creation of LIBRA, profiting from its rise, and then allowing it to collapse, leaving investors with heavy losses.

🔹 Davis allegedly controlled the founding wallets that profited before LIBRA’s collapse
🔹 Dalbón claims Davis leveraged ties to high-ranking officials, including President Milei
🔹 The lawyer argues Davis is a flight risk due to his foreign residence

By requesting an Interpol Red Notice, Dalbón is urging global law enforcement to track down and provisionally arrest Davis, paving the way for extradition proceedings from the United States.

LIBRA’s Price Collapse and Investor Fallout

The ongoing legal scrutiny and political controversy have weighed heavily on LIBRA’s market performance. Since its all-time high, the token has lost nearly all of its value, leaving early buyers with devastating losses.

Investor confidence has been severely shaken, particularly as President Milei’s administration faces an investigation into its involvement with the promotion of the meme coin.

While LIBRA initially surged following endorsements from Milei and key figures within his administration, its hype quickly faded, leading to a massive sell-off and accusations of fraud.

Political and Legal Ramifications Grow

The LIBRA scandal is now more than just a crypto crash—it has become a full-blown political and legal crisis in Argentina.

🔹 Milei’s administration remains under scrutiny over its role in promoting LIBRA
🔹 The growing legal action against Davis could expose deeper ties between government figures and the meme coin project
🔹 Argentina’s financial regulators are under pressure to tighten oversight on crypto-related investments

With calls for international law enforcement involvement, the LIBRA controversy is far from over. As the legal case against Hayden Davis unfolds, and authorities dig deeper into potential misconduct, investors and traders remain on edge, unsure of what comes next for the embattled meme coin.