Libra Promotion Expense Document Exposed! Milei Suspected of 5 Million Dollar Interest Exchange

Argentine media outlet El Destape published an exclusive report on Saturday, revealing a document recovered through forensic analysis from the phone of cryptocurrency advocate Mauricio Novelli. The document details a $5 million payment agreement allegedly related to Javier Milei’s promotion of the Libra meme coin.

Three-Tier Payment Structure and Key Figures Analysis

(Source: El Destape)

The English memo begins with: “Dear friends, this is the final agreement with H,” followed by a three-tier payment structure:

First installment: $1.5 million — paid in tokens or cash upfront

Second installment: $1.5 million — linked to Milei’s public announcement of Hayden Davis as an advisor for his X project

Third installment: $2 million — contingent upon other negotiated conditions (not fully disclosed in the report)

El Destape believes that “H” refers to Hayden Davis, CEO of Kelsier Ventures, a key figure in the Libra project. The document does not explicitly specify the recipient of the funds, but the report suggests that the $5 million appears to be payments to Milei’s siblings and several intermediaries connected to Davis’s activities, including Novelli, Manuel Trones Godoy, and Sergio Morales.

Call Records Reveal Intensive Coordination Before and After Token Launch

Call records extracted from Novelli’s device reveal a series of intense communications surrounding the Libra token issuance: Milei posted about Libra at 7:01 PM on February 14, 2025, while Novelli and Milei had multiple calls between 6:54 PM and 7:03 PM; Milei’s sister, Karina Milei, returned Novelli’s call at 7:17 PM, lasting over two minutes.

That evening, after Libra’s price plummeted, Novelli had subsequent calls with presidential advisor Damian Reidel, Julian Pe of KIP Protocol, and senior advisor Santiago Caputo, between roughly 10 PM and midnight.

Additionally, a note dated February 16, 2025, was found on Novelli’s phone, seemingly containing a draft crisis PR statement prepared for Milei, beginning with: “This is the only way to save him, me, and us.” Forensic analysis in Argentina also found that Milei exchanged at least five messages with Novelli at 7:01 PM on February 14 (the same moment Libra’s contract address was posted on the X platform), contradicting Milei’s later claim that he “found it online,” as the address was not publicly available at that time.

Broader Investigation Context

Libra’s market value briefly hit $4 billion before crashing over 90%, with eight wallets associated with the project cashing out $107 million. Davis, CEO of Kelsier Ventures, publicly admitted that his team “got early access” to the Libra project and acknowledged controlling wallets holding over $100 million worth of tokens.

Milei has denied any misconduct. Argentina’s anti-corruption office cleared him in June 2025, ruling he did not violate public morality standards; however, in November 2025, the Argentine congressional committee found that he provided “necessary cooperation” to the Libra project and recommended evaluating whether his actions constituted misconduct. Currently, a federal criminal investigation and a class-action lawsuit in the U.S. are ongoing.

Frequently Asked Questions

Who is the recipient of the $5 million payment mentioned in the forensic documents?

The documents do not explicitly specify the recipient. El Destape reports that the $5 million appears to be payments to Milei’s siblings and several intermediaries linked to Hayden Davis’s activities, with the exact distribution structure not fully disclosed in the documents.

What is the connection between the document creation date and the Libra promotional post?

The document was created on February 11, 2025, three days before Milei posted about Libra on February 14, 2025. Forensic analysis also found that Milei exchanged messages with Novelli at the same minute the post was published, and the contract address was not publicly available at that time, contradicting Milei’s later claim that he “found it online.”

What legal proceedings is Milei currently facing in the Libra investigation?

He is involved in a federal criminal investigation and a U.S. class-action lawsuit. The Argentine congressional committee in November 2025 suggested evaluating whether Milei’s actions constituted misconduct, but the anti-corruption office cleared him in June 2025.