Milei’s Mysterious Phone Calls: New Questions on Libra Token Scandal

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Recently, some old phone records have resurfaced, casting a shadow over Argentine President Javier Milei and his cryptic interactions with an entrepreneur involved in the Libra token. What could these calls mean? Only time, and a few more phone records, will tell.

Summary

  • Phone records suggest Milei had seven phone calls with a Libra-related entrepreneur around the time of his promotional post on X.
  • The Libra token saw a brief surge after his endorsement-before plummeting by over 96% in value.

Prosecutors have reviewed the phone logs, which show that Milei exchanged seven calls with an entrepreneur closely tied to the Libra token on the very same night he endorsed the cryptocurrency on X. The calls were made both before and after the post went live. Strangely, the investigators are keeping the details of their conversations under wraps, but perhaps we can all take a wild guess.

“No, Really, I Had No Idea What Was Going On!” says Milei

This new evidence seems to contradict Milei’s earlier, emphatic claims that he had no involvement with the Libra token. He had insisted that he was simply supporting a “private venture” that would somehow boost Argentina’s economy. And who doesn’t trust private ventures with mysterious crypto tokens?

“A few hours ago, I posted a tweet, like so many infinite other times, supporting an alleged private venture with which I obviously have no connection whatsoever,” Milei explained in a statement on X after the debacle hit the headlines.

“I wasn’t aware of the details of the project, and after becoming aware of them, I decided not to keep promoting it,” he added, most likely while looking for a good lawyer.

Indeed, the Libra token did experience a brief surge following Milei’s endorsement in February 2025, as he touted it as a tool for funding small businesses and startups. But alas, the momentum swiftly reversed, and the token proceeded to lose a stunning 96% of its value. All that was left in its wake? A hole in investors’ pockets to the tune of $251 million-and some very angry people.

After the crash, Argentine lawyers wasted no time filing fraud complaints against Milei, and some of his political rivals even called for impeachment. In Argentina, fraud can land you anywhere from a month to six years in prison. Fun times!

Federal prosecutors launched a formal investigation, naming Milei as a person of interest. The probe is ongoing, with investigators delving into financial ties, communication records, and the involvement of those connected to the Libra token’s launch. But, of course, these things take time. After all, it’s not like they’re trying to solve a mystery with multi-million dollar stakes, right?

In June, Argentina’s Anti-Corruption Office concluded that Milei had not violated public ethics rules, claiming his post was made in his personal capacity, rather than as the head of state. How convenient!

New Revelations Make Things Even More Interesting

And just when you thought this soap opera couldn’t get more dramatic, new details have surfaced, making it even juicier.

In March, a judicial update revealed that investigators had discovered a draft document on the phone of crypto lobbyist Mauricio Novelli. This note referred to a possible $5 million arrangement related to Libra’s promotion, drafted just three days before Milei’s tweet. Yet, the document did not specify who would benefit from these funds, leaving the entire situation shrouded in delightful ambiguity.

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2026-04-07 10:13