milei

According to The New York Times, Argentine President Milei had seven phone call records with project-related entrepreneur Mauricio Novelli on the night of February 14, 2025, when LIBRA went live, covering the time around his promotional post on X.The report states that newly discovered mobile forensic information also includes suspected payment recordings and draft funding arrangement documents, further raising doubts about Milei's previous claim of "no connection to the project." Milei has not yet been formally charged but has been listed as a key subject of the investigation.

According to Argentine media El Destape, forensic experts extracted an unpublished document from intermediary Mauricio Novelli's phone, detailing the payment agreement for the Libra token scam, totaling 5 million dollars, primarily pointing to Argentine President Milei.The document shows that the agreement is divided into three payments: an initial payment of 1.5 million dollars in tokens or cash as an advance; a second payment of 1.5 million dollars, contingent on Milei announcing Hayden Davis (CEO of Kelsier Ventures) as his advisor on Twitter; and a final payment of 2 million dollars, contingent on Milei signing a contract regarding blockchain/AI government consulting in person with his sister Karina. The document was created on February 11, 2025, just three days before Milei posted the relevant tweet and the Libra token went live.Call records have also drawn attention. The forensic report shows that Milei had multiple calls with Novelli within minutes before and after the tweet was posted, and his sister Karina was also in frequent contact; after the token price plummeted that night, Milei's advisor Santiago Caputo joined the call circle late at night, with call records indicating that all parties continued to coordinate in response to the crisis.

According to The Block, the Argentine Congressional Investigation Committee has released a final report accusing President Javier Milei of providing key cooperation in the $LIBRA cryptocurrency collapse and suggesting that Congress evaluate whether it constitutes misconduct.The report shows that Milei promoted the $LIBRA token on his personal social media accounts, after which 8 wallets associated with the Libra team cashed out $107 million, resulting in losses for 114,410 investor wallets. This 200-page report is titled "$LIBRA is Not an Isolated Incident" and reveals a series of systemic issues. The investigation found that the Milei government also promoted a cryptocurrency called the KIP protocol, which experienced a liquidity pool being drained after its launch in December 2024.The committee believes this indicates the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV). Currently, Milei and Libra founders, including American entrepreneur Hayden Davis, are facing judicial investigations in Argentina and a class-action lawsuit filed by Burwick Law in New York. Milei has denied any wrongdoing and disbanded the special investigative task force established by his office in May, after a judge had previously ordered the Argentine Central Bank to unfreeze the bank accounts of the president and his sister, Karina Milei.

According to Cryptopolitan, Argentine judge Marcelo Giorgi has ordered the freezing of assets related to the scandal involving the meme coin LIBRA, supported by President Milei. An indefinite "prohibition order" has been imposed on the property and financial assets of Hayden Davis and two cryptocurrency operators (Argentinian Orlando Mellino and Colombian Favio Rodriguez). The cryptocurrency wallets of these two operators have shown suspicious activity and are currently under judicial review.Federal prosecutor Eduardo Taino requested this measure, supported by a technical report from departments related to financial investigations and illegal asset recovery, which recommended filing charges against the three individuals. The judge determined that the case met the criteria for reasonable suspicion and risk of delay, approving the asset preservation request, resulting in investor losses of approximately $100 million to $120 million.The judge emphasized that the prohibition order is only valid for a strictly necessary period and ordered notification to the National Securities Commission, expanding the scope of the asset freeze to all relevant platforms within Argentina. Additionally, the prosecution found that 42 minutes after Milei tweeted a selfie with Davis, Davis transferred $507,500 via Bitget, and these transfers may constitute indirect bribery.

ChainCatcher news, according to Bloomberg, Argentine President Milei has shut down the investigation department regarding the Libra scandal.Previously, Argentine President Milei was embroiled in the Libra scandal, with 57.6% of the Argentine public losing trust in him, while only 36% still expressed support. This crisis of confidence stemmed from the Libra meme coin incident in February, where the token's market value soared to $4.6 billion after a post by Milei on social media, but plummeted 94% within hours. Although Milei argued that he was merely "spreading information" rather than promoting it, the opposition initiated impeachment proceedings.

ChainCatcher news, according to local media reports cited by Cryptoslate, an Argentine federal judge has ordered the freezing of assets belonging to key figures of the LIBRA memecoin project. Investigators are looking into potential fraudulent activities related to the promotion of this digital token, including reviewing financial operations linked to President Javier Milei and his sister Karina Milei.The judge also authorized the lifting of bank secrecy protections for Milei and his sister, allowing investigators to examine their financial transaction history to look for signs of improper connections between them and supporters of the project.

ChainCatcher news, according to The Block, the Argentine Chamber of Deputies has passed three bills to officially launch an investigation into President Javier Milei and related officials' involvement in the Libra meme coin controversy. The coin was issued by Kelsier Ventures in February, and Milei publicly promoted it on the X platform, claiming it would support local entrepreneurial projects. Subsequently, the coin's price surged to a market value of $2 billion before plummeting over 90%. Milei later denied any knowledge and withdrew his support, while the opposition called for impeachment. The prosecution has requested Interpol to issue a red notice for the project's CEO, Hayden Davis.

ChainCatcher news, according to a recent poll, nearly 58% of Argentinians expressed distrust in President Javier Milei after he became embroiled in a $4.6 billion Libra cryptocurrency scandal. "How much trust do you have in Milei after the cryptocurrency fraud scandal erupted over a month ago?" The polling platform Zuban Córdoba asked this question in its recently released March survey of 1,600 respondents, where 57.6% answered that they disapprove of him, while 36% stated that they still trust Milei.

ChainCatcher news, according to Bitcoin.com News, Argentine President Javier Milei is under investigation by the FBI due to his previous promotion of a failed cryptocurrency project called Libra on social media. The report indicates that the Libra project is associated with an unregistered company and lacks the necessary compliance measures.

ChainCatcher news, according to Bloomberg, Argentine President Milei arrived in the U.S. capital on Thursday, seeking a breather from the cryptocurrency turmoil that continues to unfold, nearly a week after he promoted a meme coin on the X platform, which caused its price to soar and then quickly crash. This visit to the U.S. was planned well in advance, and its timing is just right to help Milei refocus on his economic achievements within his political circle.He plans to meet with Musk, will speak at the Conservative Political Action Conference, and will also meet with International Monetary Fund (IMF) President Kristalina Georgieva to seek to solidify an agreement aimed at boosting Argentina's economy.

ChainCatcher news, according to CoinDesk, Libra token co-founder Hayden Davis claimed in a text message last December that he influenced presidential decisions by bribing Argentine President Javier Milei's sister, Karina Milei, stating, "I gave his sister money, and he signed as I wanted, acted according to my requests."It is reported that Karina Milei is a key figure in the Milei government, currently serving as the Secretary General of the Argentine Presidency, and is the sister of the current Argentine President Javier Milei.In response, Hayden Davis's spokesperson Michael Padovano stated that Davis does not recall sending such a message, and there is no record of the message being sent on his phone.Davis stated in a declaration: "Recent media reports have claimed that I paid President Javier Milei or his sister Karina Milei to launch the Libra memecoin, which is completely false. I have never paid them any fees, nor have they requested any payment from me. Their only concern is to ensure that the benefits of Libra can help the people and economy of Argentina."

ChainCatcher news, according to Jinshi reports, Argentine President Milei's spokesperson Adorni stated that considering Milei's involvement in bribery while promoting cryptocurrency is an "insult," and the government currently does not plan to dismiss any officials due to the cryptocurrency scandal.

ChainCatcher news, Argentine President Milei stated on a television program: "I acted in good faith, and the result was a setback. Did the country lose? No. Did Argentinians lose? At most four or five. The vast majority of investors are Chinese and Americans.I share this information just like I have shared hundreds of things before. My tweet was sent three minutes after the creation of the currency because I am passionate about these matters and I understand them. These people are volatility traders who know what they are doing.Saying that 44,000 people were affected is false; at most, there were only 5,000. The likelihood of Argentinians being involved is very small. These are all very professional people in this type of financial instrument. Those who participated are very clear about the risks they are taking ------ they are volatility traders. This is a private matter between individuals, and they participated voluntarily.I did not promote LIBRA; I merely shared information about LIBRA. I did this because I am a firm technological optimist. Any initiative that can improve financing for tech entrepreneurs attracts me. I did not make a mistake because I acted in good faith. But when I saw the consequences, I realized that I still have a lot to learn. I need to understand that after becoming president, I must still act as I did before. Unfortunately, this situation made me realize that I need to raise my standards and not be so easily accessible."

ChainCatcher news, Argentine President Milei forwarded the LIBRA token purchase tutorial, LIBRA briefly surged past $0.7, with a current market cap of $580 million.The LIBRA token purchase tutorial was originally tweeted by Argentine economic and political commentator Dario Epstein on his X account.ChainCatcher reminds that the price of this token is highly volatile, please be aware of the risks.

ChainCatcher news, according to Polymarket data, Argentine President Javier Milei is facing significant political backlash due to the failure of the LIBRA project. Currently, there is a 20% chance that he will lose the presidency within this year, and this probability is rising.

ChainCatcher news, according to market news, Argentina's main stock index fell more than 5.7% yesterday due to a cryptocurrency scandal related to presidential candidate Milei.

ChainCatcher news, according to Bloomberg, it remains unclear how Milei will be affected by the ongoing LIBRA scandal with 10 months to go before the midterm elections in Argentina. The opposition quickly threatened to take legal action and initiate impeachment proceedings, but progress on impeachment is unlikely due to the need for a two-thirds majority in Congress.The main center-right party of former market-friendly president Mauricio Macri, who supports Milei's reforms, has expressed disappointment so far but rejected the Peronist opposition's attempts to remove Milei.Pollsters indicate that Milei may still avoid significant political costs as inflation is declining, wages are rising, and the economy is growing. His approval rating has hovered around 47% for months, while all other political parties in Argentina have lower and more fragmented support. However, this incident has once again raised concerns about his sometimes erratic personality and decisions.Meanwhile, Milei will travel to Washington this week, hoping to meet with Trump and gain his support to secure more funding from the International Monetary Fund for Argentina, while a new plan is still under negotiation, and Argentina may also receive tariff exemptions from Trump.

ChainCatcher news, according to the Associated Press, some lawyers in Argentina filed fraud charges against President Javier Milei in a criminal court on Sunday, accusing him of promoting cryptocurrency on social media.One of the plaintiffs, lawyer Jonatan Baldiviezo, stated that they see an illegal organization in this incident that has committed "an indeterminate number of fraudulent acts." He said, "In this illegal organization, fraudulent crimes occurred, and the president's actions are crucial."The criminal justice department is expected to appoint a judge on Monday to hear the case or submit it to the prosecutor for further investigation.

ChainCatcher news, LIBRA's main sponsor KIP Protocol issued a response to the "official statement from the Argentine Presidential Office regarding the issuance of LIBRA tokens": "Mauricio Novelli is not a member of the KIP team; Novelli is the founder of Argentina Techforum, and KIP sponsored him in October 2024. KIP Protocol has never met with Argentine President Javier Milei in January 2025."Previous news, this morning the Argentine Presidential Office issued a statement stating that President Javier Milei met with KIP Protocol's representative in Argentina on October 19 last year. Attendees included KIP Protocol company representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.