# Argentina Investigation Links $5M Payment to Milei's LIBRA Memecoin Rug

*Author: Jack Inabinet*
*Published: Mar 16, 2026*
*Source: https://www.bankless.com/read/news/argentina-investigation-links-5m-payment-to-mileis-libra-memecoin-rug*

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According to a document [published](https://www.eldestapeweb.com/politica/javier-milei/exclusivo-un-documento-recuperado-del-celular-de-novelli-revela-un-pacto-de-5-millones-de-dolares-por-el-apoyo-de-milei-a-libra-2026314172537) over the weekend by Argentine investigative outlet *El Destape, *LIBRA creator Hayden Davis structured $5M in payments around President Javier Milei's promotion of the memecoin.

### What's the Scoop?
- **Document Dump: **According to *El Destape*, Argentina's DATIP (a specialized digital forensics group within the Federal Public Prosecutor's Office) has obtained a communication from lobbyist Mauricio Novelli's phone, detailing a $5M payment agreement structured around President Milei's promotion of the Libra memecoin, as discussed with "H" (*El Destape* identifies this individual as Hayden David, LIBRA's creator).
- **Structured Payment: **Created three days before LBIRA's launch, the document obtained from Novelli outlines a three-tier payment agreement, which would transfer $1.5M upfront, payout an additional $1.5M for Milei publicly announcing Hayden Davis as an adviser, and a further $2M for Meilei to sign a formal blockchain and AI consulting contract. The document does not explicitly specify which groups would receive the payments.
- **Token Pump: **It seems any news is good news for the badly beaten LIBRA; the token is up 8% on the day, lifting its market cap to a minuscule $900K, still down 99.5% from its all-time high.
[Exclusivo: un documento recuperado del celular de Novelli revela un pacto de 5 millones de dólares por el apoyo de Milei a $LIBRA$Libra: Un archivo hallado por peritos informáticos refleja un acuerdo de Novelli con Hayden Davis por USD 5 millones. Estaba tarifado el tuit de Milei.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-icon-180x180-2.png)El DestapeAri Lijalad![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/1773587560306.jpeg)](https://www.eldestapeweb.com/politica/javier-milei/exclusivo-un-documento-recuperado-del-celular-de-novelli-revela-un-pacto-de-5-millones-de-dolares-por-el-apoyo-de-milei-a-libra-2026314172537)
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