Author: Ronaldo Marquez
United Kingdom Source: NewsBTC
Mar 15, 2025 12:05

Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin

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 Valentines 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. Related Reading: Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto 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.  Related Reading: Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over Following Milei’s endorsement, Davis openly acknowledged his role as an advisor to the Argentine president, stating, “I am indeed Javier Mileis 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 Mileis 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. 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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Author: Nathaniel Cajuday
Philippines Source: BitPinas
Mar 12, 2025 02:50

Aftermath: 86% of Libra Investors Lost Money

Around 86% of traders lost investments in the LIBRA crypto crash following an endorsement by Argentina's President Javier Milei. Analysis by Nansen reveals insider gains and market chaos.

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Author: Nakamura Haruto
Indonesia Source: Kanalcoin
Mar 03, 2025 04:40

Argentine President Javier Milei Pushes IMF Deal as Crypto Scandal Sparks Political Turmoil

Argentine President Javier Milei indicated that a new agreement with the IMF is nearing completion, using his annual address to Congress to emphasize progress on his economic reforms.

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Author: Crypto Breaking News
United Kingdom Source: Crypto Breaking News
Apr 26, 2023 02:10

Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges [...]

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Author: Crypto Breaking News
United Kingdom Source: Crypto Breaking News
Feb 09, 2024 05:50

Argentine President Javier Milei Rules out Dollarization Process in 2024

Javier Milei, the libertarian president of Argentina, has ruled out the possibility of applying his dollarization plan during 2024. In an interview with local media, Milei stated that while dollarization and the free convertibility of coins was the final goal of his administration, there was no time to clean up the country’s economy and implement [...]

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Author: Crypto Breaking News
United Kingdom Source: Crypto Breaking News
Feb 05, 2024 05:50

Latam Insights: El Salvador Reinforces Its Bitcoin Allegiance, Milei Drops Crypto From Omnibus Bill

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador to deepen its Bitcoin commitment if President Bukele gets reelected, Argentine President Javier Milei drops crypto tax matters from Omnibus Bill, and Venezuela gets hit by gold sanctions. El Salvador to [...]

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Author: Michael Mislos
Philippines Source: BitPinas
Feb 21, 2025 02:50

Crypto Is an Insiders GameZFTs George Asibal Stands by His Statement Amid $LIBRA Controversy

Does George Asibal, the CEO of Filipino trading organization ZFT still stands by his statement that crypto remains an insider's game?

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Author: Michael Mislos
Philippines Source: BitPinas
Feb 19, 2025 02:50

Everything to Know About the $LIBRA Memecoin Scandal: From $4.5 Billion Hype to Fraud Charges

From the ill-fated tweet to the eventual rugpull and unravelling of crypto insiders, here's everything to know about the Libra controversy.

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Author: BitPinas
Philippines Source: BitPinas
Feb 18, 2025 02:50

People That Get Mad Arent Insiders: Coffeezilla Reveals Libra Token Scandal

In an exclusive interview with investigative YouTuber Coffeezilla, Hayden Davis, a key figure behind Argentina's Libra token, broke his silence on the controversy surrounding the project.

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Author: BitPinas
Philippines Source: BitPinas
Feb 18, 2025 02:50

Quick Take: Jupiter Addresses Allegations of Insider Trading in LIBRA Token Launch

In a detailed statement posted on X (formerly Twitter), the Jupiter team denied any direct involvement in the token's early dealings.

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Author: BitPinas
Philippines Source: BitPinas
Feb 16, 2025 02:50

Crypto News You May Have Missed This Week | Feb. 15, 2025

Argentinian President Javier Milei is backtracking on his endorsement of the Solana-based LIBRA memecoin after its market cap plummeted from $4.5 billion to $200 million within hours.

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Author: Cointelegraph by Ana Paula Pereira
United States Source: Cointelegraph.com News
Dec 11, 2024 12:00

Argentinas Milei fires tax agency head over controversial tax on streamers

President Javier Milei has replaced the leadership of the countrys revenue agency following the introduction of a new tax regime targeting digital creators.

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