Switch language한국어
Back to the list

Phone Logs Show 7 Calls Between President Javier and Mauricio Novelli Prior to LIBRA Memecoin - Tekedia

TL;DR AI

Key summary

2 min read
  1. Call logs show seven calls between President Javier Milei and Mauricio Novelli on the night of LIBRA’s Feb. 14, 2025 launch.

  2. Milei posted around 7:01 p.m. on X, Instagram and Facebook, sharing the token’s Solana contract address.

  3. After the post, LIBRA’s market cap rose to about $4–4.6 billion then plunged 90–96% within hours; media have described it as a rug pull.

  4. An estimated $87–251 million in losses hit roughly 74,000 investors after the crash.

  5. The New York Times and local outlets reviewed the logs; authorities are probing possible insider trading and coordination, but no charges have been filed against Milei, who says he had no prior knowledge and promoted the token in good faith.

Read the original