LIBRA Case Update: Phone Logs Reveal Milei's Direct Contact with Token Team

Key Facts

The New York Times has reported that the LIBRA cryptocurrency 'rug pull' scheme is valued at several million dollars, adding a significant financial dimension to the ongoing investigation. According to the report, phone logs reveal direct communication between Argentine President Javier Milei and the project's developers on the night of the launch, coinciding with his promotional social media activity. Argentine judicial authorities are investigating whether this coordination constitutes a premeditated fraud that resulted in substantial investor losses. These revelations intensify the legal and political pressure on Milei, as markets closely monitor potential volatility in Argentine sovereign bonds. While the allegations are grave, analysts suggest the immediate market impact remains localized to Argentina-linked assets rather than the broader crypto ecosystem.

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