Key Points
- Phone logs document several conversations between President Milei and Mauricio Novelli during the $Libra token’s launch evening.
- These communications occurred surrounding Milei’s public endorsement of the token on social platforms, prompting questions about coordination.
- Financial records reveal regular transfers to Milei, characterized as monthly compensation from his legislative period.
- The president’s online promotion triggered a 2,000% valuation spike in $Libra, preceding a catastrophic decline that erased $250 million.
- Ongoing probes continue examining Milei’s connection to the $Libra initiative, despite his denials of direct participation.
Recent revelations from telecommunications records and digital correspondence have intensified scrutiny surrounding Argentine President Javier Milei’s connection to the troubled Libra digital currency venture. Authorities examining the collapsed token have uncovered communications between Milei and prominent individuals, particularly Mauricio Novelli, who played a central role in the $Libra scheme. These findings are expanding the scope of the federal probe into Milei’s activities surrounding the token’s catastrophic debut.
Telecommunications Records Intensify Scrutiny of Presidential Actions
Court documents obtained through federal inquiry have revealed numerous telephone conversations between President Milei and Mauricio Novelli. The exchanges occurred throughout the evening when the $Libra token launched in February 2025, both preceding and following Milei’s public endorsement of the cryptocurrency. The communications, extending over several hours, persisted as the token’s valuation skyrocketed before experiencing a catastrophic decline, suggesting potential collaboration between the parties.
Authorities are examining the precise timing of these telephone exchanges, which align with critical junctures during the token’s dramatic rise and subsequent failure. The most extensive conversations took place late into the night as $Libra’s market value deteriorated rapidly. This documentation indicates a closer relationship between Milei and Novelli than either has publicly acknowledged, especially considering Milei’s assertions of having no meaningful involvement with the venture.
Digital Endorsement and Financial Transfers Under Investigation
Milei’s public promotion of $Libra through social platforms has attracted heightened examination. His endorsement catalyzed an extraordinary valuation increase exceeding 2,000% within a 40-minute window, followed immediately by a devastating crash that eliminated $250 million in stakeholder capital. The dramatic price movement was substantially driven by information Milei disclosed in his subsequently removed post, details that remained unavailable to most market participants at that moment.
Investigators have discovered additional complications through messages revealing monetary connections between Milei and Novelli. Authorities located documentation of systematic payments directed to Milei, identified as regular “salary” disbursements during his service as a legislative representative. These financial transactions introduce another dimension to the examination, suggesting possible commercial relationships connected to his public support of individuals associated with $Libra.
Expanding Probe Uncovers Additional Evidence
The inquiry into Milei’s participation in the Libra controversy has broadened following discoveries from Novelli’s mobile device. Digital messages revealed continuing payments, with indications that these resources were deployed to shape Milei’s choices, including his public promotion of the token. While authorities have yet to establish definitive proof linking Milei to any contractual arrangement, these details persistently raise concerns about the full scope of his participation in the venture.
The current disclosures follow earlier coverage from CoinDesk, which initially brought attention to Milei’s probable ties to the Libra initiative. In that reporting, Hayden Davis, who leads Kelsier Ventures and served as a significant participant in Libra, indicated he had access to Milei’s advisors. Although Davis rejected claims of making any direct payments, the chronology of these interactions combined with emerging evidence points to a more intricate network of relationships.
The examination continues actively, with Milei designated as a subject of interest. His administration has remained silent regarding requests for comment on the recent evidence.
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