Argentine Lawyer Calls for Arrest of Crypto Entrepreneur Tied to Libra Scandal

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LIBRA Crypto Scandal Enters New Phase

International Detention Requested for Hayden Davis

Argentine lawyer Gregorio Dalbon has formally requested the international detention of Hayden Davis, the alleged central figure behind the LIBRA crypto token’s collapse. The petition, submitted to lead prosecutor Eduardo Taiano and Judge María Servini, seeks an Interpol Red Notice to facilitate Davis’s detention and extradition from the United States.

Background

The LIBRA crypto scandal has rocked Argentina’s political landscape, with President Javier Milei’s administration caught in controversy. Milei publicly promoted the token shortly before its catastrophic price collapse. The scandal has ensnared the president’s administration, with the token’s creation, effects on the Argentine stock market, and connections between the people behind it and their charges against Milei, its fallout, and calls for education to keep communities informed against such schemes.

Red Notice Request

Dalbon’s petition argues that Davis presents a substantial flight risk due to his economic resources and foreign residence, according to local media reports. The lawyer specifically requested authorities to order the international detention of Hayden Mark Davis and proceed with an Interpol Red Notice to "locate and arrest him, with a view to his extradition."

What is a Red Notice?

A Red Notice represents a request by Interpol to law enforcement agencies worldwide to locate and provisionally arrest an individual pending extradition, surrender, or similar legal action. Red Notices do not compel member countries to make arrests, instead, each nation decides whether to act based on its own laws and treaty obligations.

How Does it Work?

Red Notices are based on arrest warrants or court orders issued by judicial authorities in the requesting country and are typically used for serious crimes such as murder, fraud, and other major offenses. If approved, Dalbon’s request would be transmitted to Interpol for potential distribution to its 195 member countries.

Conclusion

The LIBRA crypto scandal has reached a new phase, with a formal request for international detention of Hayden Davis, the alleged central figure behind the token’s collapse. The scandal has far-reaching implications, with calls for education and awareness to protect communities from such schemes.

FAQs

Q: What is the LIBRA crypto scandal?
A: The LIBRA crypto scandal is a controversy surrounding the creation and collapse of the LIBRA token, which was promoted by Argentine President Javier Milei and has led to significant losses for investors.

Q: Who is Hayden Davis?
A: Hayden Davis is the alleged central figure behind the creation and promotion of the LIBRA token.

Q: What is the purpose of the Red Notice request?
A: The Red Notice request is to locate and provisionally arrest Hayden Davis, with a view to his extradition.

Q: How does a Red Notice work?
A: A Red Notice is a request by Interpol to law enforcement agencies worldwide to locate and provisionally arrest an individual pending extradition, surrender, or similar legal action.

Q: What is the scope of a Red Notice?
A: A Red Notice is typically used for serious crimes such as murder, fraud, and other major offenses. It does not compel member countries to make arrests, instead, each nation decides whether to act based on its own laws and treaty obligations.