07.04.2026 11:19
A turning point has emerged in the ongoing investigation surrounding the Libra cryptocurrency collapse, as newly revealed communication records directly challenge Argentine President Javier Milei's categorical denials of any involvement. According to call logs acquired by Argentine prosecutors and examined by international media, Milei engaged in at least seven telephone conversations with an entrepreneur connected to the Libra token on the very night he publicly endorsed the digital asset on social media. This evidence paints a picture starkly at odds with the president's repeated assertions that he had no affiliation with the venture, a project whose dramatic failure later obliterated approximately $251 million in investor funds.
The documented exchanges, which form part of a formal judicial inquiry into the token's demise, occurred both immediately before and after Milei's pivotal February 14, 2025, social media post. In that message, he championed Libra as an innovative engine for Argentina's economic growth, designed to channel capital to small businesses and startups. While the substance of these private calls remains undetermined and no specific charges related to them have been formally announced, their mere timing constitutes a significant development. The calls bridge the gap between a head of state's public advocacy and private dialogue with a project's key figure.
Legal analysts suggest the profound weight of this evidence may not reside in the unknown content of the conversations, but in the undeniable fact of their occurrence. Milei's foundational defense—that his promotional tweet was an isolated, spontaneous act of highlighting a private initiative—faces severe erosion. The contemporaneous phone records place him in direct, repeated contact with a principal player during the exact window of his public endorsement, fundamentally complicating his narrative and strengthening the prosecution's position regarding potential coordination.
The Libra token's launch and subsequent unraveling have been dissected as a textbook case of a meme coin supercycle: a rapid, hype-driven ascent followed by an almost instantaneous collapse. The new evidentiary record, now including these phone logs, promises to reshape the legal and public perception of the scandal, anchoring the controversy in a timeline of documented interactions rather than mere speculation. Internet sources indicate that this documentary trail will likely become a central pillar in the continuing judicial examination of one of the most consequential crypto busts tied to a national leader.
