Argentina Needs the Crypto Entrepreneur Behind Melania and Milei Cash Arrested

A lawyer in Argentina has requested Interpol to situation a “Crimson Discover” for the arrest of Hayden Mark Davis, a U.S. citizen who designed $LIBRA memecoin. Argentina needs Davis actually dangerous. Argentine president Javier Milei promoted the coin alongside Davis. It crashed and folks misplaced some huge cash. Now Milei is facing possible impeachment, and Davis is going through doable extradition.

Gregorio Dalbón filed the request with Interpol this week and argued that Davis posed a singular flight danger. In accordance with Dalbón, the 28-year-old crypto entrepreneur has the cash and the inclination to flee justice. “The likelihood that Davis will abandon his nation of residence or conceal to keep away from answering for his alleged acts seems to be aggravated by the financial assets he possesses, which he can use to maneuver or stay in hiding, hindering our investigation,” Dalbón stated in courtroom paperwork reviewed by Fortune.

A Crimson Discover is like a world arrest warrant. If granted, it might imply that authorities within the U.S. might arrest Davis and ship him to Argentina.

Davis created the $LIBRA memecoin and acquired Milei to put it on the market on Valentine’s Day. Its worth skyrocketed to a market cap of $4.5 billion earlier than crashing laborious to $18 million. Greater than 10,000 folks misplaced round $250 million. Davis, in fact, offered simply earlier than the crash and stated he pocketed $100 million.

$LIBRA wasn’t Davis’s first pump and dump meme coin scheme. In January, following the launch of President Donald Trump’s $TRUMP memecoin, Davis launched $MELANIA. Confusion abounded. Buyers thought that First Woman Melania Trump had launched her personal memecoin just like her husband’s. But it surely was simply Davis doing his factor. Like $LIBRA, $MELANIA soared after which crashed.

Davis and Milei weren’t secret about their relationship. The President of Argentina posted pictures of himself posing with Davis on X, and the crypto-pumper talked about their relationship on podcasts. A report from CoinDesk claimed that Davis bragged about dog-walking Milei.

“I management that n—,” Davis allegedly stated in a text viewed by CoinDesk. “I ship $$ to his sister and he indicators no matter I say and does what I need.”

Davis’ dangerous habits is famous within the crypto neighborhood. On February 17, days after Milie promoted the coin, entrepreneur Steven Enamakel shared a story on X about Davis sticking him with a $2,000 sushi invoice.

In accordance with Enamakel, Davis invited him to Nobu in Los Angeles to debate the pending launch of an NFT assortment. “Hayden ordered virtually every thing that was tremendous costly within the menu,” Enamakel stated on X. “When the meals got here, I by no means noticed an individual eat a lot sushi so shortly. I questioned if it was humanly doable to devour that a lot sushi however there it occurred proper there in entrance of me.”

When the invoice got here, David hid within the toilet. Enamakel waited for 20 minutes for him to return however ended up paying the invoice himself as a result of it was getting late and he wanted to depart. The second he paid, Davis returned and stated the subsequent meal was on him. “After that he then went forward [and] screwed up my NTF launch,” Enamakel stated. “I ought to have recognized higher.”

The Argentine investigation into $LIBRA began a number of days after Milei promoted it on-line. The probe is investigating whether or not Milei and Davis conspired to commit fraud. Attainable expenses for Davis might embrace bribery and affect peddling.