New forensic evidence from Argentina is adding serious weight to the controversy surrounding the Libra memecoin — and it puts President Javier Milei even closer to the center of it.

A court investigation found out that Javier Milei had received money from Mauricio Novelli, a guy who works with cryptocurrency companies, for a long time. This was happening even before the big problem with the Libra token was in the news. The Argentine media reported on this, and it's based on what the court found out.

A financial relationship that predates the scandal

The records suggest this wasn’t a one-off arrangement.

Payments reportedly began in 2021, when Milei was still a national deputy

He received around $2,000 per month

It's said that after this person became president in late 2023, the payments they got supposedly went up to $4,000, which is twice as much as before.

It's said that the money went through his sister, Karina Milei.

According to investigators, the initial reason given was to provide classes on cryptocurrency and financial education, which were somehow connected to a company owned by Novelli.

But over time, the relationship appears to have gone well beyond that.

The Libra token fallout

The issue goes back to Libra, a cryptocurrency that Milei was talking about in February 2025. This cryptocurrency was something Milei promoted, and it's connected to the controversy we're seeing now.

The pitch sounded appealing: a token aimed at supporting small and medium-sized businesses in Argentina.

What actually happened looked very different:

The token's value jumped up fast as lots of traders started buying it

Insiders allegedly sold at the top

The price collapsed within hours

It's been said that a huge amount of money, millions, was taken out by the people in charge of the project.

The whole thing blew up, and now there are police investigations, and Congress is looking into it, with people asking if Milei deliberately pushed a plan that ended up hurting investors.

He has repeatedly denied any wrongdoing.

Messages, payments and crypto ties

New evidence from Novelli's devices shows just how close the two really were. The latest findings give us a clear idea of their connection.

Novelli allegedly instructed aides multiple times to prepare cash payments in U.S. dollars for Milei

Some payments were made using cash from selling Tether.

Audio and message logs show recurring references to “Milei’s payment”

Milei was also busy promoting cryptocurrency projects connected to Novelli at the same time.

One example:

He openly supported Vulcano Game, a token project that eventually fell apart due to claims of fraud.

Access, influence and business deals

The relationship didn’t stop once Milei entered office.

After becoming president:

Novelli reportedly continued payments

He got to go right into the president's office, which is called the Casa Rosada.

He used that access to promote business initiatives, including a tech event in Buenos Aires

Milei met some important people in the crypto world at an event, such as Charles Hoskinson. Later, Hoskinson said that Milei asked him for money so he could meet the president.

Why this matters

What's really important about this story isn't just what happened with Libra, but when it all went down. The timing of everything is what makes it so significant.

The forensic evidence suggests:

A long-standing financial link between a sitting president and a crypto lobbyist

Continued payments even after taking office

Overlap between that relationship and the promotion of failed crypto projects

The main issue for those looking into this is whether it goes too far and becomes a problem with someone's interests conflicting or even fraud.

Where things stand now

More than a year after the Libra collapse, the case is still unfolding.

The investigation is still going on, and the latest discoveries are expected to increase the pressure on Milei to explain his actions.

Despite the mounting pressure, Milei continues to deny any involvement in wrongdoing.

This situation has gone beyond a failed internet joke currency. Now, it's about how closely connected cryptocurrency, politics, and money might be. There are records of payments, recovered messages, and increasing attention from politicians. All these things together suggest that something big is going on behind the scenes. It's not just about a simple joke coin anymore, but about how deep the connections between crypto, politics, and money really are.

Libra Scandal Deepens as Forensics Link Payments to Argentina’s President

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