Argentina investigates telephone data in LIBRA case associated to Javier Millay (report)

Data present that Millais known as the LIBRA crew a number of occasions the evening the token went on sale, each earlier than and after posting.

Argentine authorities are analyzing telephone data associated to President Javier Millay as a part of an ongoing investigation into the LIBRA token. The logs are on the middle of the investigation and will reveal the extent of his involvement within the venture’s launch.

case center LIBRA is a token constructed on the Solana community, launched in February 2025. The token gained consideration when Mirei shared particulars on X earlier than the data was extensively accessible.

Millay and Novelli’s name

Promoters concerned within the LIBRA venture embody entrepreneurs Mauricio Novelli and Hayden Davis of Kelscher Ventures. Critics say the insider’s early exit has heightened considerations a few doable poaching.

After Millais’ tweet, the token’s worth skyrocketed inside minutes and crashed shortly thereafter. Estimates recommend that about $250 million in market worth was worn out in the course of the decline.

Investigators say the telephone data examined may problem Millay’s earlier public statements. Notably, data present that he had a number of telephone calls with Novelli on the evening the tokens had been issued.

The decision reportedly started shortly earlier than Millay’s put up and continued even because the token’s worth fluctuated quickly, elevating questions on whether or not the decision was related to market exercise.

Mirei later deleted the put up and mentioned she had no information of the construction of the venture. However the name knowledge prompted prosecutors to take a better have a look at the timeline.

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Message suggesting doable cost to Millay

Messages recovered from Novelli’s gadget in the course of the investigation are additionally drawing consideration. Some exchanges point out common funds from Mr. Millay’s early days as a politician.

One message described the funds as a type of month-to-month compensation, whereas the draft instructed a hyperlink between monetary incentives and recognition. Different reviews additionally cited Davis’ claims about contact with Milley’s interior circle. These claims referred to funds which will have concerned Karina Millay, however no transfers had been confirmed.

All events deny wrongdoing and keep that their interactions had been routine. In the meantime, Millay has not been indicted, however stays underneath investigation as an individual of curiosity.

The incident has renewed debate about how public officers work together with digital property. Regulatory authorities in Argentina and overseas are monitoring the scenario because the investigation progresses.