“I’m here to request the immediate detention of Hayden Mark Davis”

“a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency $LIBRA”

A federal judge in Argentina is investigating the founders of a memecoin that was endorsed by presidential candidate Javier Milei earlier this year, according to a copy of a court document seen by Fortune.

The judge is looking into the launch of LIBRA, which quickly rose in value after Milei touted it to his seven million followers on X, formerly known as Twitter. But the token’s price soon plummeted, and it’s now fallen more than 99%.

The judge is also looking into a threat by Gregorio Dalbón, a lawyer for one of the founders, to request an Interpol “Red Notice” for one of the founders, named Hayden Mark Davis.

Interpol, short for the International Criminal Police Organization, is an intergovernmental law enforcement organization. It counts 196 countries as members, including the U.S. and Argentina, according to its website. A “Red Notice” is a request for authorities abroad to arrest and detain someone wanted for legal action in a member country.

“The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation,” wrote Dalbón, who told Fortune he is waiting for a response from the judge.

“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency $LIBRA,” wrote Gregorio Dalbón in a court document seen by Fortune.

At least one founder of the token is still planning to launch another memecoin later this year.

The threat of an Interpol “Red Notice” for Hayden is the latest in a drama that has captured the attention of Argentina’s media and its political elite.

On Valentine’s Day, Milei, a libertarian populist who often mirrors President Donald Trump in his inflammatory rhetoric, endorsed a memecoin called LIBRA. His endorsement came after Trump, who has styled himself as a pro-crypto president and recently authorized the creation of a strategic 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.

At the same time, insiders, who held tokens before Milei endorsed the memecoin, sold large stashes of the cryptocurrency shortly after the presidential candidate posted about LIBRA, according to blockchain analytics.

One founder of the token, who spoke on the condition of anonymity, said that he’s still planning to launch another memecoin later this year.

The judge is also investigating a threat by one of the founders’ lawyers to request an Interpol “Red Notice” for one of the founders, named Hayden Mark Davis.

A federal judge in Argentina is investigating the founders of a memecoin that was endorsed by presidential candidate Javier Milei earlier this year, according to a copy of a court document seen by Fortune.

The judge is looking into the launch of LIBRA, which quickly rose in value after Milei touted it to his seven million followers on X, formerly known as Twitter. But the token’s price soon plummeted, and it’s now fallen more than 99%.

The judge is also looking into a threat by Gregorio Dalbón, a lawyer for one of the founders, to request an Interpol “Red Notice” for one of the founders, named Hayden Mark Davis.

Interpol, short for the International Criminal Police Organization, is an intergovernmental law enforcement organization. It counts 196 countries as members, including the U.S. and Argentina, according to its website. A “Red Notice” is a request for authorities abroad to arrest and detain someone wanted for legal action in a member country.

“The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation,” wrote Dalbón, who told Fortune he is waiting for a response from the judge.

“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency $LIBRA,” wrote Gregorio Dalbón in a court document seen by Fortune.

At least one founder of the token is still planning to launch another memecoin later this year.

The threat of an Interpol “Red Notice” for Hayden is the latest in a drama that has captured the attention of Argentina’s media and its political elite.

On Valentine’s Day, Milei, a libertarian populist who