What is the LIBRA token investigation involving Javier Milei?

Why are Milei’s phone logs important in this case?

Investigators found that Milei had multiple calls with entrepreneur Mauricio Novelli during the token launch. These calls reportedly occurred both before and after his public post about LIBRA. This timeline could indicate whether his actions influenced the market.

What happened to the LIBRA token price after launch?

LIBRA’s price surged rapidly after Milei posted about it on social media. Shortly after, the token crashed, wiping out around $250 million in market value. This pattern has raised concerns about a possible pump-and-dump or rug pull.

Who are the key figures linked to the LIBRA project?

Key individuals include Mauricio Novelli and Hayden Davis of Kelsier Ventures. Investigators are examining whether these figures were involved in early exits. Their connections to Milei are part of the ongoing scrutiny.

Is there evidence of insider trading in the LIBRA case?

There is no confirmed evidence of insider trading yet. However, the timing of calls and market movements has raised suspicions. Authorities are still analysing data to determine whether non-public information was used.

What are the allegations about payments to Javier Milei?

Messages recovered during the investigation reference possible payments linked to endorsements. Some communications suggest recurring compensation during Milei’s earlier career. No confirmed financial transfers have been established, and all parties deny wrongdoing.

Has Javier Milei been charged with any crime?

No, Milei has not been charged. He remains a person of interest in the investigation. Authorities are still reviewing evidence before deciding on any legal action.

Why is this case significant for crypto markets?

The case highlights risks around influencer or political endorsements of tokens. Such endorsements can move markets quickly, especially in low-liquidity assets. It raises concerns about transparency and fairness in crypto trading.

Argentina probes Milei calls in Libra token case

Written by Jon CuthbertPublished Apr. 9 2026

Argentine authorities are reviewing phone records linked to Javier Milei as part of an investigation into the LIBRA token and its launch activity.

The probe focuses on whether Milei had prior involvement in the LIBRA project, which launched in February 2025 and saw a rapid price surge followed by a sharp collapse.

Records show Milei made several calls with entrepreneur Mauricio Novelli around the time of the token launch, both before and after publicly posting about it.

The token’s price reportedly surged within minutes of Milei’s post before crashing, wiping out an estimated $250 million in market value and raising concerns about a potential rug pull.

Investigators are also examining links to figures including Hayden Davis, with scrutiny focused on whether insiders exited positions ahead of the collapse.

Messages recovered during the probe suggest possible discussions of payments tied to endorsements, though no confirmed transfers have been established and all parties deny wrongdoing.

Milei has not been charged but remains under investigation, with the case intensifying scrutiny on how public officials interact with cryptocurrency projects and markets.

At the time of reporting, Libra price was $0.003211.