A brand new chapter has unfolded within the ongoing LIBRA cryptocurrency scandal, as recent judicial findings counsel that the connection between Argentine President Javier Milei and LIBRA co-creator Hayden Mark Davis could have been nearer than beforehand acknowledged.
The controversy traces again to February 14, 2025, when President Milei publicly promoted the LIBRA token. The endorsement triggered a fast surge within the cryptocurrency’s worth, adopted by a collapse that worn out an estimated $251 million in investor funds.
Now, in line with native media reviews citing court docket sources, pc forensics consultants from Argentina’s Public Prosecutor’s Workplace have recognized draft variations of a “confidential settlement” allegedly signed by Milei and Davis on January 30, 2025 — two weeks earlier than LIBRA’s launch and subsequent crash.
LIBRA Deal Amid Milei Denials
The drafts had been found on no less than one digital machine seized from Argentine lobbyist Mauricio Novelli, a central determine within the case and an in depth affiliate of the president because the finish of the COVID-19 pandemic.
Federal prosecutor Eduardo Taiano ordered the seizure of Novelli’s units as a part of the investigation. Specialists later reported that the draft settlement appeared in exchanges between Novelli and Davis, suggesting efforts to finalize the doc earlier than it was formally executed.
The existence of such drafts stands in rigidity with Milei’s public denials. In a number of interviews following the scandal in February 2025, the president rejected claims that he had signed any settlement with Davis and sought to distance himself from the LIBRA operation.
Additional particulars emerged in a January 9 ruling issued by the Directorate of Technological Assist for Legal Investigations (Datip), a specialised forensic unit throughout the Public Prosecutor’s Workplace.
In line with the ruling, a number of copies of the draft “confidential settlement” had been situated throughout the forensic evaluation of Novelli’s communications with Davis. The exchanges appeared to narrate to preparations for the doc’s eventual signing by the president.
Alleged Cost Requests Floor
The Datip report additional underscored Novelli’s central function within the LIBRA affair. Investigators described him as a key middleman connecting a number of actors.
His communications included exchanges with President Milei and Karina Milei, in addition to with Davis, Terrones Godoy, Morales, and Julian Peh, the Singaporean CEO of KIP Protocol.
Nevertheless, the forensic examination was hindered by important knowledge deletion. Specialists knowledgeable Prosecutor Taiano that quite a few messages, recordsdata, and even whole conversations had been completely erased from units belonging to Novelli and different defendants.
Among the many lacking exchanges had been communications between Novelli and Cardano (ADA) founder Charles Hoskinson. After the LIBRA collapse, Hoskinson publicly accused Novelli and Terrones Godoy of demanding five-figure greenback funds in alternate for arranging a gathering with President Milei throughout the Tech Discussion board.
In line with Hoskinson, they urged that “magical issues would occur” if he agreed. He declined. Investigators had been unable to get well these deleted conversations in full.
Featured picture from BBC, chart from TradingView.com
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