A forensic probe released March 15 ties Argentine President Javier Milei to a $5 million LIBRA token transaction, with messages and calls between Milei and lobbyist Novelli aligning with the token’s rapid price surge. The findings raise questions about conflict of interest and potential market manipulation.

The $LIBRA cryptocurrency scandal, known as Cryptogate, began in 2025 when Argentina's president Javier Milei promoted the $LIBRA meme coin. After a massive price spike, the coin's value plunged, resulting in $250 million losses for investors amid rug pull allegations.