Search Here

In a growing scandal involving Argentina's President Javier Milei, the co-creator of the controversial LIBRA cryptocurrency has allegedly claimed to have controlled the president through payments to his sister.

According to a report from CoinDesk, Hayden Davis, the CEO of Kelsier Ventures and one of the people behind the $LIBRA project, made the boast in leaked text messages from mid-December.

The messages suggest that Davis sent money to Karina Milei, a key figure in the Milei government, and was able to influence her brother's actions.

According to Gizmodo, Davis reportedly bragged about his control, stating, "I control that n—-," and went on to explain that he sent money to Karina, which allowed him to dictate what President Milei did. He claimed that Milei signed whatever he wanted and followed his instructions.

These messages were allegedly sent as part of the lead-up to the LIBRA token's launch, which gained considerable attention when Milei promoted it on the social media platform X (formerly Twitter).

LIBRA Token Crashes After $4B Surge, Investors Cry Foul

The LIBRA token, initially praised for its potential to help fund small businesses in Argentina, saw a rapid rise in value, reaching a market cap of $4 billion.

However, the cryptocurrency quickly crashed, causing millions in losses for investors. This dramatic collapse has led to widespread criticism, with some American investors accusing the project of being a pump-and-dump scheme.

In response to the allegations, Davis denied any wrongdoing. He stated that claims of payments to Milei or his sister were "completely false," IBT said.

Davis emphasized that the only concern from the Mileis was to ensure the proceeds from the LIBRA project would benefit Argentina's people and economy.

He further called the accusations a politically motivated attack on President Milei.

The Argentine government has also distanced itself from the scandal, stating that Milei was not directly involved in the creation or promotion of LIBRA, despite admitting he met with representatives from KIP Protocol, the group behind the cryptocurrency.

Milei's office has maintained that the promotion of LIBRA was not a government-endorsed initiative, and the president has yet to comment on the latest revelations surrounding Davis's claims.

Meanwhile, Milei faces growing legal pressure. Argentine lawyers have filed a fraud lawsuit against him for promoting the cryptocurrency, accusing him of misleading the public.

Additionally, the government has launched an investigation into the $LIBRA project and all individuals involved in its operation.