New Evidence Emerges in Argentina President Milei’s Libra Token Probe
Phone logs obtained by federal prosecutors in Argentina present seven calls between President Javier Milei and entrepreneur Mauricio Novelli – one of many architects of the LIBRA crypto token, on the identical evening in February 2025 that Milei posted the now-infamous promotion on X, straight contradicting Milei’s public declare of no connection to the coin’s launch.
Recovered notes from Novelli’s cellphone define a $5 million deal construction tied to Milei’s official endorsements, together with funds contingent on Milei naming Hayden Davis of Kelsier Ventures as a cryptocurrency advisor.
The paperwork place Milei contained in the deal’s mechanics, not outdoors them.
- The Core Evidence: Argentine federal prosecutors have obtained cellphone logs exhibiting seven calls between Milei and Novelli earlier than and after his February 14, 2025, X publish selling $LIBRA at 7:01 pm native time.
- The Financial Trail: A deleted word recovered from Novelli’s cellphone describes a $5 million association with a person recognized as “H” – doubtless Davis – together with $1.5 million upon Milei saying Davis as a crypto advisor.
- The Scale of Losses: An estimated 114,410 wallets misplaced funds in the $LIBRA collapse, with complete investor losses starting from $251 million to $400 million; solely 36 wallets cleared greater than $1 million in revenue.
- Milei’s Legal Status: Milei is called as an individual of curiosity in the continuing federal probe however has not been formally charged; he has not publicly responded to the decision logs or recovered paperwork.
- Obstruction Signal: Milei dissolved Argentina’s Investigation Task Unit (UTI) through Decree 332/2025 in May 2025 – after the UTI had forwarded insider buying and selling findings to prosecutors.
- What to Watch: Argentina’s Chamber of Deputies begins questioning authorities officers on April 8, 2026; any transfer towards formal fees or new forensic disclosures from that session would be the subsequent inflection level in this investigation.
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What the Phone Logs Actually Show – and Why Milei “No Connection” Defense No Longer Holds
Milei posted about LIBRA crypto at 7:01 pm Argentina time on February 14, 2025. The seven documented calls to Novelli occurred in the hours instantly earlier than and after that publish – a timeline that prosecutors at the moment are treating as proof of coordination, not coincidence.
The contents of the calls stay unknown, however the sample of contact alone is legally important: it establishes proximity between Milei and the token’s operators on the exact second of most promotional influence.
The recovered deleted word from Novelli’s cellphone goes additional. Forensic evaluation of the doc – dated October-November 2024 – describes a three-tranche fee construction: $1.5 million upfront to “H,” $1.5 million upon Milei’s public announcement of Davis as an advisor, and $2 million in blockchain and AI advisory contracts involving each Milei and his sister Karina Elizabeth Milei.
Milei met Davis at Casa Rosada on January 30, 2025, posting a selfie on X that very same day and describing him as a cryptocurrency advisor – the exact set off for the second $1.5 million tranche outlined in Novelli’s word.
Computer specialists confirmed that the 44-character $LIBRA contract code Milei included in his February promotional publish was not publicly out there on-line previous to the publish, that means Milei had entry to insider technical knowledge earlier than the token launched publicly.
WhatsApp audio messages reviewed as a part of the investigation additionally reference recurring funds made to Milei throughout his time as a congressman, with particular sums reportedly allotted to Karina Milei as nicely.
Novelli allegedly brokered regulatory favors in trade, together with tax exemptions, suggesting the monetary relationship predates the $LIBRA launch by years. Milei’s dissolution of the UTI through Decree 332/2025 in May 2025, after that physique had already forwarded insider buying and selling findings to prosecutors, provides an obstruction dimension that investigators are unlikely to put aside.
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