New documents released by the Argentine newspaper Clarion suggest the existence of an alleged financial agreement of US$5 million related to the launch of the $LIBRA cryptocurrency and the public support of the president of Argentina, Javier Milei.
According to the report, the material was found during the examination on the phone of lobbyist Mauricio Novelli, appointed as an intermediary between the Argentine government and cryptocurrency businessman Hayden Davis.
According to , the document would have been recorded in a notepad on Novelli’s iPhone on February 11, 2025, three days before Milei published a message about the project on her social networks.
Continues after advertising
The text, written in English, would describe a supposed financial agreement divided into three payments, which would total US$5 million. The first installment would be US$1.5 million in tokens or cash. A second payment of the same amount would be linked to the public announcement of Hayden Davis as an advisor on blockchain-related issues.
The third point mentions an additional payment of US$2 million related to a possible blockchain and artificial intelligence consultancy contract for the Argentine government or directly for Javier Milei.
According to the Clarionthe recovered excerpt does not specify who would be the final recipient of these values.
Also read:
Draft message to contain the crisis
In addition to the document about the supposed agreement, the investigation also found a draft message that could have been used to respond to the crisis generated by the launch of the cryptocurrency.
The text, dated February 16, 2025, suggested a public statement affirming support for the “Libra currency vision” while denying direct financial interest in the project.
Continues after advertising
According to the report, the content would indicate a narrative prepared to be disseminated on social media or in interviews with the aim of containing the negative repercussion of the case.
Context of the scandal
The $LIBRA case gained great repercussion in Argentina after Milei promoted the token in a post on the social network X. The post was deleted shortly after going live.
As already shown by the InfoMoneypublic blockchain records indicate that of the president.
Continues after advertising
After the message generated strong demand for the asset and raised its price, the token suffered an abrupt devaluation hours later, leading to suspicions of a possible “rug pull”, a type of fraud common in the crypto market in which creators artificially inflate the value of an asset before abandoning it.
Data analyzed by blockchain intelligence companies also indicated that a single wallet concentrated around 80% of the tokens created. According to the Lookonchain platform, wallets linked to the project would have moved around US$107.3 million.
The Argentine court is analyzing whether Milei’s publication had a direct impact on the value of the asset and whether the president or members of his team obtained any type of financial benefit.
Continues after advertising
The Argentine government denies involvement in the project, but confirmed that Milei and members of his team met with the cryptocurrency’s developers before the episode.
