March 14, 2025
Insider Trading
The petition, filed with prosecutor Eduardo Taiano and Judge María Servini, claims Davis is a flight risk due to his financial resources and foreign residency. Nansen reports that insiders like Davis profited while ordinary investors suffered significant losses.
Source: Interpol
Not only did Davis admit to using market manipulation tactics to prevent an immediate crash, but he also suggested that President Javier Milei was also in on it and that he should be punished as well, but his strategy failed.
A Stain On Argentina
The team behind LIBRA is also linked to other questionable crypto ventures, including MELANIA, and has been in talks to launch a similar token in Nigeria. Authorities in Argentina have frozen millions of dollars in crypto assets tied to the scheme.
If approved, the Red Notice would flag Davis internationally, though it doesn’t guarantee immediate arrest. As the situation unfolds, LIBRA’s decline casts a shadow over Argentina’s political and financial landscape.
