Argentine investigators have uncovered evidence suggesting President Javier Milei previously agreed to a $5 million contract to promote the LIBRA token. This is according to newly leaked files reported by local media on March 16.
Authorities reportedly recovered the document from a mobile phone during a forensic examination linked to the ongoing investigation.
More Sinister Revelation on the LIBRA Scandal
The alleged contract states that Milei would publicly support the digital asset on social media in exchange for payment. Investigators are examining whether that promotion helped trigger a rapid surge in the token’s price shortly after its launch.
Meanwhile, the same leaked materials show Milei allegedly spoke several times with Argentine businessman Mauricio Novelli minutes before the cryptocurrency went live.
Novelli is accused of introducing the president to Hayden Davis, the American entrepreneur widely identified as the creator of the LIBRA token.
Phone records cited in the leak indicate Milei had five calls with Novelli before the launch and two more shortly after posting about the token on X.
The records also show communication with presidential secretary Karina Milei and adviser Santiago Caputo, according to the investigative report.
The developments contradict earlier statements from Milei, who said he was unfamiliar with the details of the project and only “shared” information about it on social media.
The controversy stems from February 14, 2025, when Milei posted online supporting the LIBRA token and its associated “Viva la Libertad” project.
The endorsement triggered a buying frenzy that briefly sent the token’s price soaring before it collapsed within hours.
Argentine authorities and US investigators are examining the case as a potential cryptocurrency fraud. Milei has not been charged with any crime.
