Forensic Analysis Links President Milei to $5 Million Libra Token Deal

A forensic investigation has uncovered a draft document on the phone of Argentine businessman Mauricio Novelli outlining a potential $5 million agreement in exchange for President Javier Milei's support of the Libra cryptocurrency token.

“Table of Contents Argentine President Linked to $5 MillionLibra TokenAgreement is under investigation after forensic analysis revealed a draft $5 million deal associated with the promotion of the Libra token, which briefly surged in market value”

Blockonomi

The document, recovered through forensic analysis from Novelli's iPhone, describes a three-part payment structure totaling $5 million.

Blockonomi

The draft note, believed to be written on February 11, 2025, begins with 'Hello friends, this is the final agreement discussed with H,' referring to crypto entrepreneur Hayden Davis.

The document outlines detailed payment conditions including a $1.5 million advance, another $1.5 million upon Milei's Twitter announcement about Davis as an adviser, and a final $2 million for an in-person contract related to blockchain or AI advisory work for the Argentine government.

The timeline of events revealed by the forensic evidence creates a compelling connection between the draft agreement and Milei's subsequent promotion of the Libra token.

The draft document was reportedly written just three days before Milei posted about the Libra token on X (formerly Twitter), suggesting a planned sequence of events.

Buenos Aires Times

Phone records obtained by investigators show multiple calls between Novelli and Milei's sister, as well as presidential adviser Santiago Caputo, in the hours leading up to and following the announcement of the Libra token.

The contacts continued even after the token's collapse, with investigators finding 'dozens of calls and messages exchanged around the key moments of the token's release,' according to sources familiar with the investigation.

The Libra token's dramatic collapse following Milei's promotion resulted in significant financial losses for investors.

“New forensic findings from the phone of crypto lobbyist Mauricio Novelli have revealed a draft document suggesting a possible $5 million agreement connected to Argentine President Javier Milei’s promotion of the Libra token, according to local media reports”

Cointelegraph

The cryptocurrency lost 94% of its value and wiped out approximately $250 million from more than 40,000 retail investors within hours of the president's social media endorsement.

The token, which was positioned as a means to fund ventures and small businesses in Argentina, experienced a rapid surge in value after Milei shared information about it.

Argentine authorities have since taken action to address the fallout, freezing Hayden Davis's assets while the investigation continues into what appears to be a coordinated scheme that exploited the president's endorsement for financial gain.

Despite the mounting forensic evidence, President Milei has publicly denied any financial arrangement or active promotion of the Libra token.

The president claims he merely shared information about it out of 'pure impulse' and was not paid for his involvement.

Diario Socialista

The president's statements contradict the detailed forensic findings, which include not only the $5 million draft agreement but also a separate note dated February 16, 2025, outlining a public statement designed to support the Libra token while denying direct financial involvement.

The investigation remains ongoing as prosecutors review recovered communications, asset records, and other digital evidence, with experts noting that the forensic analysis of Novelli's phone has provided crucial insights into the potential coordination between the presidential circle and the crypto project operators.