Investigators have discovered a document from the phone of Argentine trader Mauricio Novelli outlining a $5 million payment structure tied to the promotion of the $LIBRA token. The alleged agreement involved payments connected to a public endorsement by Argentine President Javier Milei. Phone records also show multiple calls between Novelli, Milei, and Karina Milei around the time the token launched and its value began to fall.
A document recovered from the device of Argentine trader Mauricio Novelli reportedly details a $5 million agreement for promoting the $LIBRA token. According to the file, the deal was linked to an endorsement from Argentine President Javier Milei.
The plan included a $1.5 million upfront payment in cash or liquid tokens. Another $1.5 million was to be paid after Milei publicly announced blockchain entrepreneur Hayden Davis as an advisor.
A final $2 million payment was contingent on a signed contract for consulting services. The document was created on February 11, 2025, days before the token launched and Milei’s promotional post.
Hayden Davis, CEO of Kelsier Ventures and creator of $LIBRA, had previously met with Milei and his sister at the presidential palace. Following a meeting on January 30, 2025, Novelli reportedly celebrated a major deal.
Phone records show several calls between Novelli and President Milei shortly before and after the promotional tweet on February 14. The records suggest that Novelli contacted Milei minutes before the post went live.
Calls from Karina Milei followed immediately after the token began circulating in the market. Further calls occurred that evening as the token’s value fell, involving project contacts and legal advisers.
Authorities believe the calls may have been part of an effort to manage the growing controversy. The files were extracted from Novelli’s devices seized during the investigation into the $LIBRA case.
