New Revelations Reignite Crypto Scandal Involving Argentina’s President Milei
Buenos Aires, April 6, 2026 — New evidence has emerged that reignites the crypto scandal involving Argentina’s President Javier Milei, casting doubt on his previous claims of having no connection to the controversial cryptocurrency known as $Libra. The explosive revelations come amid an ongoing federal investigation into the rapid rise and precipitous collapse of the digital coin, which caused millions in investor losses and widespread public uproar.
Last year, Mr. Milei publicly promoted $Libra, a cryptocurrency launched by a private group of entrepreneurs, asserting that his endorsement was merely highlighting an independent business venture and denying any direct involvement in the project. However, court documents and recently obtained phone logs provide a far more complex picture of his relationship with the digital coin’s creators.
According to the records, which were reviewed by The New York Times and initially reported by Argentine cable news channel C5N, Mr. Milei engaged in seven phone calls on a single night in 2025 with one of the entrepreneurs behind $Libra. These calls coincided with the timing of Mr. Milei’s post about the cryptocurrency on the social media platform X. While the exact contents of the conversations remain unknown, the frequency and timing of the calls suggest a closer collaboration than the president has previously acknowledged.
Further deepening the controversy, recently uncovered messages indicate that Mr. Milei may have received regular payments from one of the $Libra entrepreneurs during his tenure as a congressman, raising questions about potential conflicts of interest and possible financial improprieties.
At present, Mr. Milei has not publicly addressed the newly surfaced phone logs or other documents. He also declined to respond to requests for comment on the matter. Court documents list him as a person of interest in the ongoing federal prosecutors’ investigation into the $Libra cryptocurrency but do not indicate that any formal charges have been brought against him.
The $Libra saga has been a high-profile affair in Argentina, where the cryptocurrency’s dramatic surge in value initially excited investors before its sharp decline resulted in significant financial losses. The incident has since sparked a probe into the token’s origins, management, and promotional practices.
As the investigation continues, the revelations involving President Milei add a new dimension to a scandal that has shaken confidence in Argentina’s emerging crypto market and drawn intense scrutiny onto the president’s financial dealings.
The New York Times will continue to monitor developments related to the $Libra cryptocurrency and the ongoing inquiry into President Milei’s role in this unfolding controversy.