LIBRA Scandal Escalates! Founder of Interpol's Global Wanted Project, Crypto World in Turmoil!
Recently, there has been major news in the crypto circle! The International Criminal Police Organization (Interpol) has issued a red notice for Hayden Davis, the co-founder of the LIBRA crypto project in Argentina.
This matter is not simple, as a red notice is a globally recognized 'arrest warrant,' requiring law enforcement agencies in various countries to cooperate in arresting and detaining individuals.
Previously, similar situations have occurred in the crypto field, such as Do Kwon from Terraform Labs also being subject to a similar notice.
It is reported that Argentine lawyer Gregorio Dalbon has submitted a request to prosecutors and judges for a warrant against Davis. Dalbon stated that Davis played a key role in the creation and promotion of the LIBRA token, and that he has money and resources, making it easy for him to flee or hide.
The LIBRA project had already caused a stir prior to this, with Argentine President Javier Milei promoting it on social media, leading to a crash in token prices, a loss of $4.4 billion in market value, and 86% of traders suffering losses totaling up to $251 million. Many are now accusing Davis and other insiders of orchestrating a price manipulation scam.
After remaining silent for several weeks, Davis recently resurfaced, stating that he has hired a lawyer and is prepared to address this matter. His legal team is experienced and specializes in complex financial crime cases. Davis maintains his innocence, claiming he only wanted LIBRA to succeed and did not deceive anyone.
On the other hand, President Milei also stated that he did nothing wrong, merely sharing information about the token without formally promoting it. However, Prosecutor Taiano mentioned last week that $110 million in assets would be frozen as part of the investigation into Milei's involvement in the LIBRA scandal.
In summary, the LIBRA incident is not only a cryptocurrency scandal but also a profound warning to the entire industry. It highlights the importance of transparent regulation and strict legal constraints, reminding us that in the pursuit of technological innovation, we must never overlook market safety and the protection of investor rights.
Do you think Davis is truly innocent? Is the crash of the LIBRA token a market behavior or human manipulation? What role did President Milei play in this matter? Leave your comments and discuss in the comment section!