Argentine President Linked to Alleged $5M Libra Memecoin Scam

Forensic Report Reveals $5M Libra Memecoin Scam Involving Milei

A new investigation has revealed documents suggesting Argentine President Javier Milei may be tied to a Libra memecoin scam. According to a report by investigative outlet El Destape, a draft outlining a $5 million payment arrangement was recovered from the phone of crypto lobbyist Mauricio Novelli during a forensic review. The document details a three-tier structure and was reportedly created days before Milei promoted Libra on X. Authorities say the note references a deal connected to the token creator Hayden Davis.

Source: X Official

Key points:

1. Draft outlines staged payments totaling $5 million.

2. Evidence links crypto lobbyist Novelli and the president’s promotion of the memecoin.

Past Allegations and Milei’s Response

The controversy dates back to February 2025, when Milei was accused of promoting $LIBRA. At the time, he refused to apologize and even blamed investors for losses:

1. “If you went to a casino and lost money, what’s the complaint?”

2. On promoting the project: “I didn’t promote it, I spread it. I used my personal account.”

Despite these comments, the situation sparked outrage as the token crashed shortly after his post.

Three‑Tier Payment Structure Linked to Hayden Davis and Javier Milei

According to screenshots and forensic evidence published in a report by Argentine outlet El Destape, the document outlines a three‑part payment arrangement totaling $5 million allegedly connected to plans for public endorsements of memecoin by political figures.

The proposed payment schedule includes:

1. $1.5 million in tokens or cash as an upfront advance,

2. $1.5 million once a public announcement or social media endorsement occurred,

3. $2 million upon the signing of a consulting agreement purportedly linked to government advisory services.

The draft note was created just days before the public posting about Libra on X that sent the token’s price briefly soaring and triggered massive investment before it crashed.

Libra Price Shows Unexpected Surge

Despite the ongoing allegations, the Libra token has seen a recent price increase. Current trading data shows:

1. Price at $0.003532, up 8.33% in the last 24 hours.

2. A sudden spike occurred after 9:45 a.m., with the token rising from $0.00326 to $0.003532 in a short time.

Market analysts speculate the surge may be related to renewed media coverage, though the reasons remain unclear.

Source: CoinMarketCap Official

Market Reaction and Uncertainty

Investors remain cautious, as no formal statement has been made by Milei regarding the new evidence. The token’s volatility illustrates the impact of political figures on digital assets and how allegations can influence market behavior.

Key points:

1. Surge may reflect speculation or renewed interest from traders.

2. Uncertainty persists due to the pending investigation and the lack of official clarification.

Conclusion:

The Libra memecoin scam allegations against Argentine President Javier Milei have resurfaced with forensic evidence linking him to a $5 million payment plan. While he previously refused to take responsibility, new documents and recovered communications suggest stronger involvement. Investors are watching closely as the token price rises despite ongoing scrutiny, and the president has yet to comment publicly.