LIBRA Scandal Deepens Milei’s Presidency Crisis

Argentine President Milei’s Alleged Ties to LIBRA Coin Scandal

• President Javier Milei allegedly made seven calls to entrepreneur Mauricio Novelli around the launch of the LIBRA token.
• Novelli is accused of coordinating Milei’s endorsement and facilitating deals worth millions, including an alleged $5 million arrangement.
• Audio messages suggest recurring payments to Milei and mentions of amounts for his sister, Karina Elizabeth Milei.
• The LIBRA token surged to a market cap of nearly $4.6 billion but later plunged 85%, with investor losses estimated between $251 million and $400 million.
• Milei dissolved the Investigation Task Unit probing the scandal under Decree 332/2025.

Allegations have surfaced linking President Javier Milei to deeper involvement in the LIBRA meme coin scandal, with claims of coordinated endorsements and significant financial arrangements. The LIBRA token experienced a dramatic rise and fall, leading to substantial investor losses.