Argentina Probes President Milei’s Links to Collapsed LIBRA Token

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-07 09:59:02

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Argentine authorities have launched an investigation into President Javier Milei’s alleged involvement with the failed LIBRA token project. Phone records reveal seven calls between Milei and Mauricio Novelli, a key figure in Argentina’s crypto sector, on the night of LIBRA’s launch. The token, which initially surged after Milei’s public endorsement, collapsed shortly thereafter, leaving investors with heavy losses.

Federal prosecutors are examining whether Milei’s support artificially inflated LIBRA’s value. Eight digital wallets linked to the project show suspicious profits, while millions in investor funds remain unaccounted for. The probe underscores growing scrutiny of political figures’ influence on volatile crypto markets.

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