A lawyer in Argentina has requested a global arrest order for Hayden Davis, the founding father of memecoin LIBRA, Buenos Aires newspaper Pagina 12 reported on Thursday.
Lawyer Gregorio Dalbon raised the procedural threat of U.S. citizen Davis remaining at massive and of his monetary assets permitting him to remain in hiding, in accordance with the report.
The lawyer due to this fact requested that “the international arrest of Davis be ordered and that an Interpol red notice be issued in order to locate and arrest him, with a view to his extradition,” in a presentation to Argentine courts.
The LIBRA memecoin rose to a $4.4 billion market cap earlier than plunging greater than 95% final month. It had been promoted by Argentine President Javier Milei in a now-deleted tweet.
The president subsequently backtracked on his promotion of LIBRA saying he had been unaware of the main points of the undertaking and that he “decided not to continue spreading the word” as soon as he did turn into conscious.
LIBRA’s crash is estimated to have brought about losses of $251 million for its buyers, in accordance with analysis by Nansen.
