Key Points
- Phone records document several conversations between President Milei and Mauricio Novelli during the evening of the $Libra token release.
- These communications occurred immediately surrounding Milei’s social media post endorsing the cryptocurrency, creating concerns about coordination.
- Federal authorities uncovered financial documentation indicating regular monetary transfers to Milei, characterized as compensation from his legislative period.
- Following Milei’s public backing, $Libra experienced a 2,000% valuation spike before crashing catastrophically, eliminating $250 million in market value.
- Federal probes continue to uncover additional connections between Milei and the $Libra initiative, despite his assertions of non-involvement.
Recently surfaced telecommunications records and digital correspondence have intensified questions surrounding Argentine President Javier Milei’s connection to the troubled Libra cryptocurrency initiative. Federal authorities examining the collapsed digital asset have uncovered communications between Milei and Mauricio Novelli, a principal architect of the $Libra scheme. These findings represent significant developments in the continuing federal probe into Milei’s conduct surrounding the token’s catastrophic debut.
Telecommunications Evidence Points to Presidential Connection
Court documents obtained through federal proceedings reveal numerous telephone exchanges between President Milei and Mauricio Novelli. The documented conversations transpired during the evening hours when $Libra launched in February 2025, occurring both preceding and following Milei’s promotional social media statement about the digital asset. The documented exchanges, which extended across several hours, persisted throughout the token’s dramatic valuation increase and subsequent collapse, generating concern regarding potential collaboration between both individuals.
Federal investigators are examining the precise chronology of these telecommunications, which correspond with critical junctures throughout the token’s meteoric ascent and catastrophic decline. The most extensive conversations transpired late into the night as $Libra’s market capitalization disintegrated. This documentation indicates substantially closer associations between Milei and Novelli than either party previously disclosed, especially considering Milei’s repeated denials of direct participation in the venture.
Digital Promotion and Financial Arrangements Behind Libra Endorsement
Milei’s public advocacy for $Libra through social platforms has attracted heightened investigative attention. After his promotional message appeared online, the cryptocurrency experienced an extraordinary 2,000% valuation surge within merely 40 minutes before experiencing total collapse, destroying $250 million in stakeholder capital. This dramatic price movement was substantially driven by specific information Milei disclosed in his subsequently removed post, details that remained unavailable to general market participants at that moment.
Additional complications emerged when federal investigators discovered digital messages indicating monetary relationships between Milei and Novelli. Prosecutors identified documentation of systematic payments directed to Milei, which communications characterized as regular “salary” compensation throughout his period serving as a legislative representative. These financial arrangements introduce additional complexity to federal proceedings, suggesting potential monetary agreements connected to his public support of individuals associated with $Libra.
Additional Evidence Broadens Federal Proceedings
The federal inquiry into Milei’s participation in the Libra controversy broadened following new discoveries from Novelli’s mobile device. Digital messages revealed continuing financial transfers, with indications these resources were deployed to shape Milei’s choices, encompassing his public promotional statement regarding the cryptocurrency. While no definitive proof has established Milei’s participation in any binding arrangement, these particulars persistently generate questions concerning the authentic scope of his involvement in the initiative.
The most recent disclosures follow earlier journalism from CoinDesk, which originally identified Milei’s prospective associations with the Libra venture. In that coverage, Hayden Davis, the chief executive of Kelsier Ventures and a central participant in Libra, indicated he exercised influence over Milei’s advisory network. Though Davis rejected allegations of any monetary compensation, the chronology of these exchanges combined with emerging documentation points toward a substantially more intricate network of relationships.
Federal proceedings continue actively, with Milei maintaining status as a subject of investigative interest. Nevertheless, his administrative office has declined to address recent requests for comment regarding the new evidentiary findings.
