New Evidence in Libra Probe Raises Questions About Milei’s Role

Newly uncovered phone records indicate that Javier Milei had seven calls with an entrepreneur behind the Libra token around the time he promoted the token on X, according to documents reviewed by prosecutors. The calls took place before and after Milei’s February 2025 post, which touted Libra as a tool to fund small businesses and boost Argentina’s economy. The content of the calls remains undisclosed.

Investor Losses and Fraud Allegations

Libra surged briefly before collapsing over 96%, causing at least $251 million in investor losses. Milei has denied wrongdoing, asserting his promotion was personal and that he had no connection to the project. Argentina’s Anti-Corruption Office cleared him of public ethics violations in June 2025, determining his posts were made in a private capacity.

Ongoing Federal Investigation

Federal prosecutors continue to investigate Milei’s involvement. Recent findings include a draft note on crypto lobbyist Mauricio Novelli’s phone suggesting a possible $5 million agreement linked to Milei’s Libra promotion, though it does not specify a recipient. The case remains active, with Milei named as a person of interest and legal scrutiny continuing over potential fraud charges and impeachment calls.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.