Argentina seeks arrest of U.S. crypto figure tied to Melania and Milei cryptocurrencies

An Argentine prosecutor asked a judge on Thursday to issue an Interpol “Red Notice”—a sweeping arrest request—for Hayden Davis, who claims to be behind the launch of a memecoin that has Bitcoin reserve, launched his own memecoin in January. Trump’s cryptocurrency was characteristically called TRUMP.

After Milei endorsed his own memecoin, its value skyrocketed to a total market capitalization of more than $4.5 billion, according to the crypto analytics tool DEX Screener. But LIBRA’s price soon plummeted, and it’s now fallen more than 99% to about $18 million.

Blockchain analysts discovered that insiders, who held tokens before Milei endorsed the memecoin, sold large stashes shortly after he posted about LIBRA. Hayden soon copped to helping Milei launch his token. “I am indeed Javier Milei’s advisor,” he said in a post on X. He also claimed to be behind the launch of Melania's memecoin.

Just days after LIBRA's launch, a federal judge in Argentina opened an investigation into Milei. Both Milei and Hayden have denied wrongdoing.

This story was originally featured on Fortune.com