New Evidence in Argentine Crypto Probe Raises Questions About President Milei’s Ties Fresh information has emerged in the ongoing investigation into the failed Libra digital token project in Argentina, directly implicating President Javier Milei. The new details reportedly show a series of personal phone communications between Milei and the entrepreneur who launched the controversial cryptocurrency. The documents indicate that the president, both before and after taking office, engaged in at least seven phone calls with the founder of the Libra token. These calls add a new layer of scrutiny to Milei’s relationship with the crypto project, which is now under official investigation for alleged fraud and misleading investors. The Libra token was marketed as a stablecoin backed by liquid financial assets, promising security and returns. It gained significant attention, partly due to perceived connections to Milei’s libertarian and pro-Bitcoin political movement. However, the project collapsed earlier this year, leading to substantial losses for investors and prompting a criminal probe. Until now, Milei had publicly distanced himself from the token’s operational failures. He acknowledged knowing the entrepreneur but framed their relationship as a casual, non-professional acquaintance. This new evidence of multiple direct phone contacts challenges that characterization and raises questions about the depth of their discussions. The timing of the calls is considered particularly relevant. Some occurred during Milei’s presidential campaign, a period when the Libra token was actively being promoted to the public. The communications continued after his election victory, suggesting the dialogue persisted as he transitioned into the nation’s highest office. Legal analysts note that the existence of these calls does not, by itself, prove any wrongdoing by the president. However, it is likely to intensify pressure on investigators to determine the content of those conversations. Authorities will want to establish whether the discussions touched upon the promotion or operation of the financial venture. The development strikes at a sensitive political nerve for President Milei, who has built his image as an anti-establishment outsider fighting against the traditional corrupt political caste. His enthusiastic advocacy for cryptocurrencies like Bitcoin has been a cornerstone of his economic message. This situation creates a potential contradiction between his pro-crypto rhetoric and his alleged association with a project that left investors stranded. The investigation into the Libra token is examining allegations of a Ponzi scheme structure, where returns to earlier investors were paid with funds from new entrants. Argentine securities regulators had previously issued warnings about the token, labeling it an unauthorized and risky investment product. As the probe continues, these newly revealed phone records are expected to be a focal point. They provide a tangible link between the sitting president and the center of a major alleged financial scam, ensuring that the case will remain a persistent source of political and legal controversy for the Milei administration. The president’s office has not yet issued a new statement addressing the specific claim of seven phone calls.
