LIBRA phone logs connect Milei adviser, dey increase chances say dem go investigate fraud for Argentina
One New York Times report, wey dey quote one Argentine federal prosecutor, talk say phone logs show Argentine President Javier Milei make seven calls for LIBRA launch night (Feb 14, 2025) to Mauricio Novelli, one major LIBRA backer, and e still contact two senior advisers, including Karina Milei. Milei promote LIBRA for X and e short‑time push the market cap pass $4B before e scatter over 90% inside hours, as people dey allege say insiders drain about $87M liquidity. The fallout include about $250M investor losses, fraud charges, and one ongoing federal criminal probe.
New details dey add pressure: WhatsApp audio and draft documents allegedly mention “usual” monthly payments to Milei and payments linked to Karina, plus one $1.5M scheme related to Milei publicly naming Hayden Davis as presidential adviser. The report note say still no evidence say Milei agree or collect the mentioned payments. Even though Milei clear by anti‑corruption office in June 2025 over posting personally, the new LIBRA phone‑log evidence fit make authorities revisit the case. Novelli’s lawyer dey argue say the device fit don tamper while in custody and dey try to exclude the evidence.
For traders, the fresh LIBRA phone logs increase headline and legal overhang for the token and similar politically/insider‑linked meme plays, raising volatility risk around liquidity, exchange listings, and any court‑driven developments.
Bearish
Dis no be direct protocol upgrade or major demand shift for LIBRA, but new phone-log allegations wey link the token launch and insider flows to political people dey raise legal and credibility risk. For short term, traders fit de-risk because of headline volatility, possible exchange/delisting reactions, and uncertainty about court timelines. For long term, ongoing investigations fit keep persistent risk premium on LIBRA and similar politically linked meme coins, limiting sustained upside unless the case clear or evidence get thrown out.