Overview
- Federal prosecutor Eduardo Taiano is leading the inquiry, with DATIP metadata showing the LIBRA contract address was not publicly available when Javier Milei posted it and phone logs placing him in five messages with lobbyist Mauricio Novelli at that moment.
- The recovered draft agreement on Novelli’s phone outlines $5 million in tiered payments tied to a public endorsement of developer Hayden Davis and a consulting contract, and a separate file mirrors the apology Milei later issued.
- Authorities have frozen assets linked to Davis, and Taiano has requested an Interpol Red Notice as investigators track an estimated $100 million in crypto proceeds.
- The token rocketed to roughly $4.6 billion in market value after Milei’s post before crashing by over 90%, with estimates of losses spread across about 114,000 investor wallets and developer-linked wallets cashing out tens of millions.
- Karina Milei is a primary target with her phone seized and bank records unsealed, as Congress previously found political responsibility and parallel U.S. litigation pursues Davis while impeachment prospects remain limited.