Mar 17, 2026
3 min read
The opposition warned Mayley that he would have to explain to the Justice and Congress
Argentinian judge finds alleged $5 million settlement for Milei to promote $Libra crypto scam.
The opposition warned that Miley should give an explanation before the justice in Congress
The legal investigation into the alleged Libra cryptocurrency scam is bringing down Argentine President Javier Milei and his inner circle.Legal experts found an alleged $5 million contract regarding Milei's support of the project on the phone of businessman Mauricio Novelli and dozens of phone calls between them on the day of the cryptocurrency's launch.The opposition warned this Monday that Milei would have to give an explanation to the courts and Parliament following the latest press revelations.
The scandal emerged on February 14, 2025, when the president promoted the cryptocurrency through his social networks as a personal project intended to encourage the growth of Argentina's economy.With his tweet, the value of $ Libra rose, but a few hours later it fell.As a result, thousands of people lost everything they had invested, while others gained wealth, in an operation that led to lawsuits in the United States and Argentina due to the suspicion that it was a major international fraud.
Novelli's deleted notes contained the alleged agreement revealed by the El Destape portal, but investigators managed to recover them. "Hello, friends, this is the last agreement discussed with H," Novelli wrote, referring to the CEO of the company that created the cryptocurrency, Mark Hayden Davis. The agreement included an advance payment of $1.5 million;An additional $1.5 million "Milei announced on Twitter that her advisers are the Hayden Davis/Kelsier/Davis family" and "An additional $2 million for a contract personally signed by Milei with blockchain/artificial intelligence provided by the Argentinian government and/or Javier Milei, and evidence currently not being consulted and reviewed by Karina. The alleged deal is supported by the government, and the figure was discovered by computer experts.Match the amount transferred through digital wallets.
The text was written between October and November 2024, before Davis traveled to Argentina.According to the document, on January 30, Miley met with Davis at Casa Rosada and later posted a selfie of the two on X in which she explained that the American advised her on cryptocurrencies.The image caught the attention of local experts in the cryptocurrency universe, for which Davis was a complete unknown.
After this meeting, according to analysis by blockchain experts, Davis transferred 3.9 million dollars to various virtual wallets.The mastermind of Dollar Libra boasted that he had more influence in the Argentine government than other businessmen.Hayden Mark Davis said to convince cryptocurrency investors to deposit money, "I send dollars to his sister and she signs what I say."He said he was preparing to celebrate the holiday.
call between miley and novelli
Phone records included in the forensic investigation were also discovered this weekend, showing that Novelli and Miley were in intense communication in the hours before the cryptocurrency was launched and after it collapsed.As journalist Hugo Alconada Mon reported in La Nación, the president and Novelli exchanged seven calls that day.One of the announcements occurred at 6:02 p.m., when $Libra was 36 minutes away from circulation.They spoke again at 18:44 and 18:56.Just two minutes after Miley wrote and added her tweet, the two resumed their dialogue.The messages call into question Miley's public defense, which has insisted she has no connection to cryptocurrency.Novelli later spoke with the president's sister, Karina Miley, and presidential adviser Santiago Caputo.During those crucial hours, the businessman was in the same room from which Davis launched the operation in Texas, USA.
Maximiliano Ferrero, president of the Commission of Inquiry on $ Libra, denounced the evidence as "unforgettable" in Congress on Monday.Hours before calling a press conference on Monday afternoon, Ferrero hoped that Xavier Milli, his sister and officials would leave nothing to Javier Milli to answer before Justice and Congress.
A message posted by Mayley on February 14, 2025 contained a link to a website and a contract code that allowed interested parties to purchase it.The rise of the Argentine president caused many people to invest in the currency, which quickly went up and down a few hours later.Justice suspects that it was a fraud led by privileged people who enriched themselves at the expense of thousands of people who were defrauded.
In the days after the scandal, the president of Argentina tried to distance himself.He claimed that he only copied the contract to buy $ Libra online and published it on new evidence, but the government remained silent.The ultra leader avoided any mention of the issue during his speech at the Córdoba stock market in central Argentina on Monday, and his cabinet followed suit.The opposition is now forcing We have to force the president to clarify the facts for justice.
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