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Argentina Investigation Links $5M Payment to Milei's LIBRA Memecoin Rug
A leaked document suggests Hayden Davis structured $5M in payments around Argentine President Javier Milei’s promotion of the LIBRA memecoin.
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According to a document published over the weekend by Argentine investigative outlet El Destape, LIBRA creator Hayden Davis structured $5M in payments around President Javier Milei's promotion of the memecoin.
What's the Scoop?
- Document Dump: According to El Destape, Argentina's DATIP (a specialized digital forensics group within the Federal Public Prosecutor's Office) has obtained a communication from lobbyist Mauricio Novelli's phone, detailing a $5M payment agreement structured around President Milei's promotion of the Libra memecoin, as discussed with "H" (El Destape identifies this individual as Hayden David, LIBRA's creator).
- Structured Payment: Created three days before LBIRA's launch, the document obtained from Novelli outlines a three-tier payment agreement, which would transfer $1.5M upfront, payout an additional $1.5M for Milei publicly announcing Hayden Davis as an adviser, and a further $2M for Meilei to sign a formal blockchain and AI consulting contract. The document does not explicitly specify which groups would receive the payments.
- Token Pump: It seems any news is good news for the badly beaten LIBRA; the token is up 8% on the day, lifting its market cap to a minuscule $900K, still down 99.5% from its all-time high.
Exclusivo: un documento recuperado del celular de Novelli revela un pacto de 5 millones de dólares por el apoyo de Milei a $LIBRA
$Libra: Un archivo hallado por peritos informáticos refleja un acuerdo de Novelli con Hayden Davis por USD 5 millones. Estaba tarifado el tuit de Milei.
Ari Lijalad