Argentine President Javier Milei is facing mounting legal pressure. According to a report by The New York Times on Monday, court records reveal a frequent history of calls between Milei and Mauricio Novelli, a central figure in the Libra cryptocurrency project—a revelation that directly contradicts Milei’s previous claims that he had no knowledge of the venture.
The Libra token, which launched in February 2025, suffered a catastrophic $250 million collapse shortly thereafter. Court documents show that Milei and Novelli spoke multiple times on the night of the token’s launch. The Argentine outlet Pagina/12 reported that the logs show the two were in contact for hours surrounding the time Milei promoted the token on social media.
Investigation Reaches Critical Phase
Investigators are currently scrutinizing these call logs and related data. Reports suggest the evidence points to potential recurring payments and financial arrangements linked to Milei’s public endorsement of the project. While Milei has not been charged with any crime and the specific content of the calls remains private, the evidence undermines his previous defense that his promotion of the token was “accidental and uninformed.”
Previously, CoinDesk reported a year ago that Libra co-founder Hayden Davis claimed he could influence the Argentine president’s inner circle by making payments to Milei’s sister. When combined with the newly surfaced call logs, this earlier evidence has cast further legal doubt on Milei’s role in the cryptocurrency scandal.
The federal investigation into the Libra token fraud remains ongoing. As more court records are unsealed, the financial ties between Milei and the project’s core members are becoming a primary focus for judicial authorities.