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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Feb 19, 2025 05:59 UTC
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LIBRA Token Scandal: Did Milei’s Sister Take Payments to Influence Him?
Leaked messages suggest Karina Milei may have been paid to influence President Javier Milei in promoting the Libra.
LIBRA soared to a $4.5B market cap before crashing 95%, with reports claiming its backers made $100M.
Opposition leaders are pushing for Milei’s impeachment, while lawsuits from investors add to his troubles.
A new controversy is unfolding around Argentina President Javier Milei, this time involving his sister, Karina Milei. She is accused of accepting payments to influence him in promoting the Libra (LIBRA) token. The revelation has triggered political turmoil, with opposition leaders calling for his impeachment over possible misconduct.
What’s the truth?
Did Milei’s Inner Circle Accept Payments?
Karina Milei, who serves as General Secretary of the Presidency, has remained silent as the LIBRA token scandal gains attention. While there is no clear evidence that money was exchanged, leaked messages suggest Hayden Davis, the man behind LIBRA, claimed he could buy influence within Milei’s inner circle. This has intensified an anti-corruption probe into the president, who previously promoted LIBRA as a financial tool for small businesses.
Leaked Messages Raise Questions
According to La Nacion, Hayden Davis, CEO of Kelsier Ventures and linked to the LIBRA token, reportedly sent messages claiming he had control over Milei through his sister. In the messages, Davis allegedly stated, “I send $$ to his sister, and he does whatever I say.” He also suggested he could arrange a personal meeting with Milei to promote the token.
Milei Responds
Despite these claims, Davis has denied any wrongdoing, saying he doesn’t remember sending such messages and has no records of them. He also insisted that neither Javier nor Karina Milei received any money from him.
President Milei has also defended himself, telling Todo Noticias that he never actively promoted LIBRA but only “spread the word” about it. He maintained that he had “nothing to hide” and acted “in good faith” but admitted he should be more careful in the future.
LIBRA’s Rise and Fall: Who Benefited?
LIBRA had a strong launch, reaching a $4.5 billion market cap at its peak. However, the token soon crashed by 95%, leading to major losses for investors. Reports suggest Davis and Kelsier Ventures made nearly $100 million from the launch. However, Davis claims he never owned or sold any LIBRA tokens.
Could The Libra Scandal Lead to Impeachment?
Milei has tried to distance his administration from the scandal, stating, “The state plays no role here.” However, his critics accuse him of misleading the public, and his reputation has taken a hit.
Opposition leaders are now pushing for impeachment. His sister Karina, a close advisor, is under scrutiny, raising concerns about how much influence she has over government decisions. At the same time, Milei is already facing lawsuits from investors who claim they lost money due to his involvement with LIBRA.
As the scandal unfolds, Milei’s political future remains uncertain. Whether this controversy fades or escalates depends on how lawmakers and the public react in the coming weeks.
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