TLDR
- New phone records reveal multiple calls between President Milei and Mauricio Novelli on the night of the $Libra launch.
- The calls took place before and after Milei promoted the token on social media, raising questions about his involvement.
- Investigators have found payment records suggesting recurring transfers to Milei, described as a monthly salary during his lawmaker days.
- Milei’s social media endorsement of $Libra led to a 2,000% price surge, followed by a dramatic collapse, wiping out $250 million.
- Investigations are deepening with new evidence linking Milei to the $Libra project, although he has denied direct involvement.
New evidence emerging from phone records and text messages has raised questions about Argentine President Javier Milei’s involvement in the controversial Libra cryptocurrency project. Investigations into the failed token reveal Milei’s communication with key figures, including Mauricio Novelli, a central figure behind the $Libra rug pull. This discovery is adding new layers to the ongoing federal investigation into Milei’s actions before and after the token’s disastrous launch.
Phone Logs Raise Questions About Milei’s Involvement
Court documents from a federal investigation have exposed multiple phone calls between President Milei and Mauricio Novelli. These conversations took place on the night of the $Libra token’s February 2025 launch, before and after Milei’s social media post promoting the token. The calls, spanning hours, continued as the value of the token surged and then collapsed, raising concerns about possible coordination between the two figures.
Investigators are scrutinizing the timing of these calls, which appear to coincide with key moments during the token’s rise and fall. The longest exchanges occurred late into the evening as $Libra’s value plummeted. This evidence suggests closer ties between Milei and Novelli than previously acknowledged, particularly in light of Milei’s claims of no direct involvement with the project.
Role of Social Media and Payments in the Libra Promotion
Milei’s social media endorsement of $Libra has been under increased scrutiny. Following his promotion, the token saw a meteoric rise of over 2,000% in just 40 minutes before crashing, losing $250 million in investor funds. This spike was heavily influenced by the details Milei shared in his now-deleted post, which were not widely available to the public at the time.
Further complications arose when investigators uncovered messages suggesting financial ties between Milei and Novelli. Prosecutors found records of recurring payments to Milei, which were described as a “salary” during his tenure as a lawmaker. These payments add another layer of complexity to the investigation, hinting at possible financial arrangements linked to his endorsement of figures connected to $Libra.
New Evidence Expands the Investigation
The investigation into Milei’s role in the Libra scandal expanded with new findings from Novelli’s phone. Texts indicated ongoing payments, with suggestions that these funds were used to influence Milei’s decisions, including his public endorsement of the token. Although no confirmed evidence has linked Milei to any formal agreement, these details continue to raise questions about the true extent of his involvement in the project.
The latest revelations come after earlier reports from CoinDesk, which first highlighted Milei’s potential connections to the Libra project. In those reports, Hayden Davis, the CEO of Kelsier Ventures and a key player in Libra, suggested he influenced Milei’s inner circle. While Davis denied making any payments, the timing of these communications and the new evidence suggest a more complex web of interactions.
The investigation is ongoing, and Milei remains a person of interest. However, his office has not responded to recent inquiries about the new findings.
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