Argentine President Javier Milei is facing renewed scrutiny after a forensic review reportedly uncovered a draft document describing a $5 million staged payment arrangement linked to the Libra memecoin. According to Argentine investigative outlet El Destape, the draft was recovered from the phone of crypto lobbyist Mauricio Novelli and was created only days before Milei mentioned Libra on X. Authorities cited in the report said the note also referred to a deal connected to token creator Hayden Davis.
Draft laid out a three-part payment structure
Screenshots and forensic material published by El Destape describe a three-tier arrangement allegedly tied to public endorsements of the memecoin by political figures. The plan listed $1.5 million in tokens or cash as an upfront payment, another $1.5 million after a public announcement or social media endorsement, and $2 million after signing a consulting agreement said to be linked to government advisory services.
The timing is central to the report. The draft was reportedly created just days before Milei’s public post about Libra on X, a post that briefly sent the token higher before it later collapsed. That sequence had already drawn criticism because the rally was followed by heavy investor losses.
Earlier Libra controversy resurfaced
The broader dispute dates back to February 2025, when Milei was accused of promoting $LIBRA. He did not apologize at the time and instead blamed investors for their losses. One of the remarks cited in the source was: “If you went to a casino and lost money, what’s the complaint?” On the question of endorsing the project, he said: “I didn’t promote it, I spread it. I used my personal account.”
Those comments drew backlash after the token fell sharply soon after his post. The newly reported document adds another layer to the case, though the source material says Milei has not issued a formal public statement addressing this latest evidence.
Token price rose even as allegations spread
Libra has posted a fresh move higher despite the controversy. Trading data in the report showed the token at $0.003532, up 8.33% over the last 24 hours. After 9:45 a.m., the price reportedly jumped from $0.00326 to $0.003532 in a short span.
The report said market analysts speculated that the move may have been linked to renewed media attention, but no clear reason was confirmed. With the investigation still pending and no official clarification from Milei cited in the source, traders remain cautious as Libra continues to swing.