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Argentina's Milei Faces New Crypto Scandal Over $Libra Launch

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Argentina's President Javier Milei faces renewed scrutiny over his role in the $Libra cryptocurrency scandal. Court documents obtained by The New York Times reveal seven phone calls between Milei and entrepreneur Mauricio Novelli on the night Milei publicly promoted $Libra in 2025, contradicting his previous denials of involvement. These logs, alongside WhatsApp audio messages suggesting Milei received regular payments while a congressman, have intensified the investigation. The scandal erupted after Milei's X post gave $Libra immediate visibility, causing its value to surge then collapse, costing investors $250 million.

Opposition lawmakers, led by Maximiliano Ferraro, allege Milei's intervention was a deliberate 'planned, coordinated operation' to profit from the launch. The president has not publicly commented on the new evidence, and he remains a person of interest in the federal probe, though not formally charged.