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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin

Ronaldo Marquez
Ronaldo Marquez
6 months ago
3 mins read
LIBRA

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An Argentine prosecutor has requested a judge to issue an Interpol “Red Notice” for Hayden Davis, an American citizen allegedly involved in the launch of the controversial LIBRA memecoin that has entangled Argentine President Javier Milei in a dramatic political scandal. 

LIBRA Memecoin Scandal

The request, made by prosecutor Gregorio Dalbón, reviewed by Fortune, accuses Davis of being a key figure behind the LIBRA memecoin. The token gained significant attention after President Milei endorsed it on Valentine’s Day. 

Following Milei’s endorsement, LIBRA’s market capitalization soared to over $4.5 billion. However, its value quickly collapsed, plummeting by more than 99% to approximately $18 million. Blockchain analysts later revealed that certain insiders sold large amounts of the token shortly after Milei publicly supported it.

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In his request for the Red Notice, Dalbón expressed concerns that Davis might evade justice, citing his financial resources that could facilitate his flight or concealment. 

“The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses,” Dalbón stated, emphasizing the urgency of the situation. 

Interpol, the International Criminal Police Organization, facilitates international cooperation among law enforcement agencies in its 196 member countries, including the US and Argentina. A Red Notice serves as a request for member countries to locate and provisionally arrest individuals pending extradition.

Federal Investigation Launched Into Javier Milei’s Endorsement

Davis has not publicly responded to the allegations, nor have his family members, including his brother Gideon and father Charles, who are involved in their family crypto venture, Kelsier Ventures, Fortune reported. 

Yet, the controversy surrounding LIBRA is further complicated by its connection to former President Donald Trump, who recently launched his own memecoin named TRUMP. Trump’s endorsement of cryptocurrency has been characterized as part of his broader strategy to position himself as a pro-crypto advocate. 

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Following Milei’s endorsement, Davis openly acknowledged his role as an advisor to the Argentine president, stating, “I am indeed Javier Milei’s advisor.” He also claimed responsibility for the launch of a separate memecoin associated with Melania Trump.

The fallout from the LIBRA launch has prompted legal inquiries, including a federal investigation into Milei’s actions. Both Milei and Davis have denied any wrongdoing, but the political implications of this incident are significant, as it raises questions about the accountability and regulation of cryptocurrencies in Argentina.

LIBRA
The 1D chart shows LIBRA’s price crash. Source: LIBRAUSDT on TradingView.com

At the time of writing, the memecoin is trading at $0.060, down over 90% from its all-time high reached on Valentine’s Day. 

Featured image from DALL-E, chart from TradingView.com

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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