A plaintiff within the Argentine felony case investigating the LIBRA scandal has requested the speedy arrest of two figures near President Javier Milei, who have been related to the February token launch.
Latest developments within the investigation additionally revealed that Milei considerably underestimated the variety of Argentine retailers impacted by LIBRA’s value drop.
Choose Weighs Arrest Request
The continuing LIBRA scandal investigation in Argentina continues to complicate the place of figures intently related to the token launch.
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This week, each the congressional fee and the parallel felony investigation into the LIBRA scandal noticed new developments.
Martín Romeo, a crypto knowledgeable and appearing plaintiff within the felony investigation, requested on Tuesday that federal choose Marcelo Martínez de Giorgi order the detainment of Mauricio Novelli and Manuel Terrones Godoy, two advisors to the President who have been rapidly linked to the token launch.
The request follows a collection of disclosures made by the congressional committee. In analyzing this info for the felony investigation, Romeo concluded that Novelli, Terrones Godoy, and American investor Hayden Mark Davis—who was additionally linked to the LIBRA launch—made a variety of irregular transactions main as much as the scandal.
Based mostly on this info, Romeo requested that the courtroom order the detention of Novelli and Terrones Godoy, who reside in Argentina. He argued they posed a flight danger as a result of Novelli holds Italian citizenship and Terrones Godoy has everlasting residency in Mexico.
The choose has not but dominated on the request. Nonetheless, the newest findings current important proof in opposition to the people intently linked to the LIBRA scandal.
Committee Gathers Pockets Transaction Knowledge
The congressional committee, led by Consultant Maximiliano Ferraro, lately obtained new info regarding people related to the LIBRA launch.
“Based on the information requests we made to several crypto exchange platforms, we obtained data that not only directly refutes President Milei’s statements, but also begins to demonstrate the connection between the main players, both inside and outside the country,” Ferraro instructed BeInCrypto in an interview in Spanish.
Among the many platforms that responded have been Binance and Gate.io, which confirmed that Novelli had a digital pockets with the previous, whereas Terrones Godoy had one with the latter.
This info enabled the congressional committee and the plaintiffs concerned within the felony investigation to reconstruct the monetary circuit earlier than and after the launch.
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Davis Transfers Funds After Milei Assembly
Romeo, who gained entry to the knowledge acquired by the congressional committee, began monitoring down the actions of Novelli’s and Terrones Godoy’s pockets addresses across the time of the LIBRA launch.
He was additionally capable of hint down Davis’s pockets tackle from when Davis reimbursed Barstool Sports activities founder Dave Portnoy the $5 million he misplaced following the LIBRA launch.
On January 30, Milei obtained Davis on the Casa Rosada, the headquarters of the manager department in Buenos Aires.
Romeo discovered that Davis carried out two transfers totaling $1,015,000 USDT to a Bitget account that very same day. A number of days later, $695,000 price of these funds was transferred to Novelli’s Binance pockets, whereas the remaining $320,000 was despatched to the Argentine equal of a small non-public financial institution linked to Novelli and Terrones Godoy.
🔴La pockets que lo cambia todo: La financiera de confianza de Novelli donde terminó el dinero de las coimas🔴
Identificamos una billetera en la pink TRON (USDT) (dirección: TEUYShkqNM6ug92pLiJ2WdXFT86xQGFL6P) utilizada como financiera intermediaria por Mauricio Novelli (MN) y… pic.twitter.com/LQCwrflGNk
— Martin Romeo (@MartinRomeo_) October 21, 2025
“What I don’t know, because I haven’t received that information yet, is who the owner of the BitGet account is,” Romeo clarified to BeInCrypto.
On February 3, simply eleven days earlier than the LIBRA launch, Davis carried out one other transaction. He despatched $1,991,000 USDT to an unknown BitGet account.
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“$800,000 goes to a hot wallet that I don’t know who it belongs to, and I don’t know if I’ll be able to track that down, and another $1,191,000 goes to the bank [associated with Novelli and Terrones Godoy],” Romeo defined.
A day later, safety cameras recorded Novelli, his mom, and his sister manipulating a number of security deposit containers at a Galicia financial institution department within the Buenos Aires neighborhood of Martínez. The footage confirmed Novelli’s mom and sister carrying a backpack and a purse whose contents have been indiscernible.
Banco Galicia de la sucursal Martínez: es ahí donde están las 2 cajas de seguridad que MAURICIO NOVELLI abrió el 4 de febrero y su madre y hermana VACIARON 3 DÍAS DESPUÉS de la estafa LIBRA (17 de febrero).
Ambas accedieron a las cajas con la autorización de Novelli.
No es el… pic.twitter.com/97pJL7Yca9
— Julia Strada (@Juli_Strada) June 26, 2025
Based on Ferraro, the congressional committee is presently analyzing a speculation about whether or not the cash Novelli and Terrones Godoy obtained by way of the non-public financial institution was the identical cash that Novelli presumably saved within the Galicia department.
It’s additionally analyzing whether or not Novelli withdrew that cash from the protection deposit containers following the LIBRA launch.
Past the transactions the congressional committee and Romeo have been capable of monitor down, the knowledge obtained from centralized exchanges additional complicates Milei’s supposed participation within the LIBRA launch.
Official Knowledge Contradicts The President’s Claims
Throughout an interview on nationwide tv days after LIBRA’s value plummeted, Milei mentioned that the variety of Argentine buyers affected by the token launch was within the single digits.
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Based on info the congressional committee obtained from Ripio, a number one centralized change in Argentina, the info paints a unique image.
“Ripio informed us that 1,358 residents in the country purchased the $LIBRA token, when Milei himself had said that “no more than five Argentinians” had been affected. He lied on nationwide tv to downplay a large rip-off,” Ferraro instructed BeInCrypto.
This quantity doesn’t account for the variety of Argentines who used decentralized platforms to buy the token, nor those that bought LIBRA abroad.
He added that Milei has nonetheless failed to clarify how he obtained the 43-character contract quantity he posted on his X account to advertise LIBRA. Ferraro identified that the knowledge was not public earlier than that message.
$LIBRA: CADA OBSTÁCULO CONFIRMA QUE ESTAMOS EN EL CAMINO CORRECTO
Hoy volvió a reunirse la Comisión Investigadora sobre la criptomoneda $LIBRA. Con quorum reglamentario y la presencia de 16 de sus 28 miembros, a pesar de las maniobras dilatorias del Gobierno y de la falta de… pic.twitter.com/4jTgXiFykw
— maxi ferraro 🎗️ (@maxiferraro) October 21, 2025
Final month, the congressional committee additionally cited Milei and his sister Karina, who presently acts because the president’s Secretary Common, to supply testimony about their alleged participation within the occasion.
“President Javier Milei did not respond to the request we sent him twice, which included a fairly simple and concise questionnaire. His sister, Karina Milei, also did not appear to give testimony on the two occasions she was summoned, nor did she offer any cooperation by proposing an alternative date,” Ferraro added.
Novelli and Terrones Godoy, whom the fee additionally cited, additionally failed to look.
On Tuesday, the fee accepted a proper summons for Milei to testify. It additionally approved Ferraro to hunt regulation enforcement help to make sure the looks of his sister, Karina, together with Novelli and Terrones Godoy.
“If they do not come to testify, we will exercise this authority as soon as the Federal Court rules on our appeal,” Ferraro mentioned.
