Argentine federal prosecutors have obtained explosive evidence directly linking President Javier Milei to the controversial LIBRA token launch, with phone logs revealing seven calls between Milei and entrepreneur Mauricio Novelli on the same February 2025 night the president posted the infamous promotional post on X. Recovered documents outline a $5 million endorsement deal structure that placed Milei inside the transaction mechanics, including payments contingent on his appointment of a specific cryptocurrency advisor—contradicting his public claims of no connection to the cryptocurrency's launch.

What the Phone Logs Actually Show – and Why Milei “No Connection” Defense No Longer Holds

Milei posted about LIBRA crypto at 7:01 pm Argentina time on February 14, 2025. The seven documented calls to Novelli occurred in the hours immediately before and after that post – a timeline that prosecutors are now treating as evidence of coordination, not coincidence.

The contents of the calls remain unknown, but the pattern of contact alone is legally significant: it establishes proximity between Milei and the token’s operators at the precise moment of maximum promotional impact.

The recovered deleted note from Novelli’s phone goes further. Forensic analysis of the document – dated October-November 2024 – describes a three-tranche payment structure: $1.5 million upfront to “H,” $1.5 million upon Milei’s public announcement of Davis as an advisor, and $2 million in blockchain and AI advisory contracts involving both Milei and his sister Karina Elizabeth Milei.

Milei met Davis at Casa Rosada on January 30, 2025, posting a selfie on X that same day and describing him as a cryptocurrency advisor – the precise trigger for the second $1.5 million tranche outlined in Novelli’s note.

Computer experts confirmed that the 44-character $LIBRA contract code Milei included in his February promotional post was not publicly available online prior to the post, meaning Milei had access to insider technical data before the token launched publicly.

WhatsApp audio messages reviewed as part of the investigation also reference recurring payments made to Milei during his time as a congressman, with specific sums reportedly allocated to Karina Milei as well.

Novelli allegedly brokered regulatory favors in exchange, including tax exemptions, suggesting the financial relationship predates the $LIBRA launch by years. Milei’s dissolution of the UTI via Decree 332/2025 in May 2025, after that body had already forwarded insider trading findings to prosecutors, adds an obstruction dimension that investigators are unlikely to set aside.