- LIBRA creator Davies allegedly sent payments to President Milei’s sister in exchange for political favors, leaked messages reveal.
- President Milei dismisses LIBRA investor losses, comparing them to casino gambling while denying promotional involvement.
- Investigators examine potential abuse of power as scandal reaches President’s inner circle, focusing on sister Karina’s role.
LIBRA fiasco deepens as allegations of corruption reach the highest levels of Argentina’s government. At the center of the drama is Hayden Davies, creator of the meme coin who is also a key figure in Milei’s crypto cabinet. Onchain sleuths exposed messages between Davies and an anonymous businessman that revealed money was paid to President Milei’s sister in exchange for political favors.
The leaked message showed Davies asking the businessman: “SEND $$ to MILEI’S SISTER and he will sign and DO WHAT I WANT.” Such revelations have fueled debate about accusations of bribery and political manipulation within the crypto sector.
As the scandal unfolded, Milei remained defiant, refusing to acknowledge any wrongdoing in the LIBRA memecoin controversy. In a public statement, he dismissed investor losses, saying, “If you went to a casino and lost money, what’s the complaint?” His statements have drawn sharp criticism, with many calling for accountability in the handling of the meme coin fiasco and its alleged ties to high-ranking officials.
Milei Claims ‘Didn’t Promote LIBRA, Just Spread It
Despite mounting evidence, Milei continues to downplay his role in LIBRA’s promotion. When questioned about his involvement, he argued, “I didn’t promote it, I spread it… I used my personal account.” However, critics point out that as a sitting president, any public endorsement can significantly impact financial markets and investor sentiment.
Tensions further escalated during a recent interview when Milei’s lawyer abruptly intervened, preventing further questioning on the matter. The sudden disruption has only intensified speculation about the administration’s potential entanglement in the LIBRA case.
With increasing legal scrutiny and opposition forces demanding transparency, the LIBRA scandal is quickly becoming a political crisis. Investigators are now examining whether Karina Milei’s involvement constitutes an abuse of power, while international regulators amounts to violations of financial laws.