President’s Crypto Cash Con: $5M for a Tweet?

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Argentine investigators have uncovered evidence suggesting President Javier Milei previously agreed to a $5 million contract to promote the LIBRA token. This is according to newly leaked files reported by local media on March 16.

Authorities reportedly recovered the document from a mobile phone during a forensic examination linked to the ongoing investigation. Naturally, the phone was probably left in a taxi or lent to a friend who “accidentally” became a whistleblower.

More Sinister Revelation on the LIBRA Scandal

The alleged contract states that Milei would publicly support the digital asset on social media in exchange for payment. Investigators are examining whether that promotion helped trigger a rapid surge in the token’s price shortly after its launch. Classic: “I didn’t promote it, I just shared it like you share a funny cat video.”

Meanwhile, the same leaked materials show Milei allegedly spoke several times with Argentine businessman Mauricio Novelli minutes before the cryptocurrency went live.

Novelli is accused of introducing the president to Hayden Davis, the American entrepreneur widely identified as the creator of the LIBRA token. Because nothing says “trustworthy” like a guy named Hayden who creates a token with a name that sounds like a typo.

UPDATE: New document reveals an alleged $5M deal between Javier Milei and Hayden Davis before $LIBRA launched

A year ago, Milei said:

“I didn’t promote it, I merely shared it”

– Bubblemaps (@bubblemaps) March 16, 2026

Phone records cited in the leak indicate Milei had five calls with Novelli before the launch and two more shortly after posting about the token on X. Of course, the calls probably involved deep discussions about blockchain, or maybe he was just asking, “How do you spell ‘exit strategy’?”

The records also show communication with presidential secretary Karina Milei and adviser Santiago Caputo, according to the investigative report. Teamwork makes the dream work, especially when the dream is a $5 million payday.

The developments contradict earlier statements from Milei, who said he was unfamiliar with the details of the project and only “shared” information about it on social media. A man of many talents: politics, crypto, and the art of plausible deniability.

The controversy stems from February 14, 2025, when Milei posted online supporting the LIBRA token and its associated “Viva la Libertad” project. The endorsement triggered a buying frenzy that briefly made the token look like someone knew what they were doing before it collapsed within hours. Textbook.

Argentine authorities and US investigators are examining the case as a potential cryptocurrency fraud. Milei has not been charged with any crime. Yet. They’ll need a bigger net next time.

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2026-03-16 22:11