PANews reported on March 13 that according to Decrypt, Argentina's LIBRA encryption scandal continues to ferment. Argentine lawyer Gregorio Dalbon has formally submitted a petition to Chief Prosecutor Eduardo Taiano and Judge María Servini, requesting the issuance of an Interpol red warrant for Hayden Davis, a core figure in the LIBRA encryption project, to facilitate his arrest in the United States and extradition back to Argentina.

Dalbon stated in the petition that Davis is a significant flight risk, and his financial resources and foreign residency make him likely to evade justice. Davis is accused of playing a central role in the creation and promotion of LIBRA, which resulted in significant losses for investors.

The LIBRA scandal not only affected Davis, but also implicated Argentine President Javier Milei, who publicly promoted the Solana-based meme coin LIBRA, causing its market value to soar to $4 billion in a short period of time, and then quickly plummeted, causing market panic. The president deleted the relevant social media posts after the incident and claimed that he did not know the specific situation of the token.

Earlier this month, Argentine prosecutors ordered the freezing of $100 million in crypto assets related to the LIBRA scandal. If the red warrant application is approved, Interpol will notify 195 member countries to locate and arrest Davis, but whether each country will execute it still depends on their respective laws and extradition agreements.