Argentine authorities are reviewing telephone information linked to President Javier Milei as a part of an ongoing probe into the LIBRA token. The logs have turn out to be central to the investigation and should make clear his degree of involvement in the course of the undertaking’s launch.
The case facilities on LIBRA, a token constructed on the Solana community that launched in February 2025. The token drew consideration after Milei shared particulars about it on X earlier than the knowledge grew to become extensively accessible.
Milei’s Calls With Novelli
Promoters linked to the LIBRA undertaking embrace entrepreneur Mauricio Novelli and Hayden Davis of Kelsier Ventures. Critics argue that insiders exited early, elevating issues a couple of potential rug pull.
Following Milei’s tweet, the token’s worth surged sharply inside minutes earlier than collapsing quickly after. Estimates recommend that about $250 million in market worth was worn out in the course of the decline.
Investigators say the reviewed telephone logs could problem Milei’s earlier public statements. Notably, information point out he held a number of calls with Novelli on the night time the token was launched.
The calls reportedly started shortly earlier than Milei’s submit and continued because the token’s worth moved quickly, elevating questions on whether or not the communication was linked to the market exercise.
Milei later deleted his submit and stated he had no prior information of the undertaking’s construction. The decision information, nonetheless, has prompted prosecutors to look at the timeline extra intently.
Messages Counsel Attainable Funds to Milei
Consideration has additionally turned to messages recovered from Novelli’s gadgets in the course of the investigation. Some exchanges reference recurring funds to Milei throughout his earlier political profession.
One message described the funds as a type of month-to-month compensation, whereas draft proposals recommended hyperlinks between monetary incentives and endorsements. Separate experiences additionally cite claims by Davis about entry to Milei’s interior circle. These claims referenced potential funds involving Karina Milei, although no transfers had been confirmed.
All events have denied wrongdoing and preserve that their interactions had been routine. In the meantime, Milei has not been charged however stays underneath evaluate as an individual of curiosity.
The case has renewed debate about how public officers have interaction with digital belongings. Regulators in Argentina and past are monitoring the state of affairs because the investigation develops.
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