Newly uncovered call logs suggest that Argentine President Javier Milei spoke with one of the entrepreneurs behind the Libra token multiple times on the same night he publicly promoted the cryptocurrency. According to logs obtained by Argentine prosecutors and reviewed by The New York Times, a total of seven phone calls took place between Milei and the unnamed entrepreneur before and after he published his promotional post on X. The contents of those calls have not been disclosed. The findings raise questions about Milei’s repeated insistence that he had no connection to the project.
In February 2025, Milei posted on X presenting the Libra token as a vehicle for growing Argentina‘s economy by channeling funds to small businesses and startups. The token surged sharply following the post before losing more than 96% of its value from its peak, resulting in investor losses estimated at around $251 million. Milei subsequently deleted his posts, which prompted accusations of a possible rug pull by those who had invested in the token.
Milei has denied any wrongdoing in connection with the promotion. In a post on X, he stated that he had shared the token in the same manner as countless other private ventures and maintained he had no involvement in the project. He also said he was unaware of the details of the project at the time and chose to stop promoting it once he learned more, which is why he deleted the original post.
Following the token’s collapse, Argentine lawyers filed fraud charges against Milei, and calls for his impeachment emerged. Under Argentine law, fraud carries a potential prison sentence of between one month and six years. Federal prosecutors subsequently launched a formal investigation and named Milei as a person of interest. That case remains ongoing. The presidential office had not responded to a request for comment at the time of reporting.
Argentina’s Anti-Corruption Office cleared Milei last June of violating public ethics rules, concluding that his post was made in a personal capacity rather than in his role as president. Despite that finding, the judicial investigation has continued to develop. In a March update, investigators reported uncovering a draft document on the phone of crypto lobbyist Mauricio Novelli that suggested a possible $5 million agreement connected to Milei’s promotion of the token. The draft was reportedly written just three days before Milei’s post appeared on X, though it does not specify who would receive the funds.
The broader investigation has also included sweeping asset freezes tied to the Libra scandal. The combination of the call logs, the draft document, and the ongoing prosecutorial inquiry has kept pressure on Milei’s administration as authorities continue to examine the circumstances surrounding the token’s brief and turbulent existence. No charges have been formally confirmed against Milei at this stage, and the investigation is still active.
Originally reported by CoinTelegraph.
