LIBRA Scandal: Recovered Contract Reveals Cardano’s Argentina Plans, Hoskinson Rejects

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New LIBRA Evidence Reveals <a href="https://jpyxx.com/ada-usd/">Cardano</a> Proposal, Hoskinson Says He Rejected

Recent weeks have seen growing controversy surrounding Argentine President Javier Milei, linked to a scandal known as LIBRA. Charles Hoskinson, a co-founder of Ethereum and Cardano, has now become connected to the situation, which already involves numerous other individuals.

Last week, the people filing criminal charges in Buenos Aires – including scam victim Martín Romeo and their lawyer, Agustín Rombolá – received documents from the public prosecutor’s office’s investigative unit, DATIP.

The archive includes nearly all the data retrieved from Mauricio Novelli’s phone. Novelli faced significant investigation as a central figure involved in the February launch of the LIBRA meme coin.

BeInCrypto reviewed a forensic archive and discovered a draft contract between Novelli, Manuel Terrones Godoy, and Sergio Morales – collectively referred to as the “Argentina Partners” – and Kelsier Holdings Limited, a company linked to American businessman Hayden Davis.

Recovered Contract Shows Plans to Advance Cardano Locally

The agreement, signed on November 27, 2024, included provisions designed to help Cardano projects in Argentina.

Essentially, the goal was to get the Argentine government and important officials to support Cardano’s plans. This involved establishing Charles Hoskinson as an influential voice in Argentina’s web3 policies and holding private meetings with leaders to discuss the country’s future.

This section also covered exploring opportunities to get involved in important events, particularly the Cardano Constitutional Convention held in Buenos Aires about a month after this agreement was created.

The agreement mentioned a potential future contract. It stated that support for Cardano projects would begin once the agreement with Input Output Global (IOG), the company developing Cardano, was finalized.

The agreement outlined how revenue from all partnerships would be divided. Kelsier Holdings Limited would receive 65% of the revenue, while Argentina Partners would receive the remaining 35%.

The agreement included an upfront payment of $300,000 for the first month. Half of this was to be paid beforehand, and the other half upon signing the contract. It’s currently unknown who was expected to make these payments.

Another ongoing monthly payment of $250,000 would’ve been required starting on January 1, 2025. 

The contract officially took effect last November, but it states it was signed on October 16, 2024.

When BeInCrypto reached out to Hoskinson, the Cardano founder said the contract was never signed.

Hoskinson explained that they received a proposal from Hayden Davis, but it didn’t align with their goals, so they turned it down. He later discussed it in a February 2024 YouTube livestream. Hoskinson clarified that they never spoke directly with Milei or his team about the proposal and weren’t sure what the connection was or if they were even aware of it.

In my review of the available documents, I couldn’t find any proof that Charles Hoskinson actually signed or approved the draft agreement.

The review of Novelli’s phone also revealed other details.

Novelli’s Phone Reveals Hoskinson Communication

The data recovered by DATIP also contained Novelli’s personal conversations with various individuals. A single chat was found within the folder labeled “Charles Hoskinson,” consisting of an audio file Hoskinson sent to Novelli on November 15, 2024.

Hoskinson stated he has no memory of any audio file and doesn’t remember speaking with Novelli personally. He also confirmed that Novelli’s number is not saved in his phone.

That file wasn’t included in the archive, which prevented DATIP from restoring the missing files, according to those who complained.

The archive contained several group chats between the actors who planned the Argentina Tech Forum, held in Buenos Aires in October 2024. Charles Hoskinson spoke as a keynote speaker at the event, and Javier Milei gave the closing speech.

Following the LIBRA event, there was a lot of attention focused on this gathering. Novelli and Terrones Godoy were the key people who organized it. It’s believed that this is where Milei first encountered Davis, as well as other figures known for controversy, like Julian Peh from KIP Protocol.

A marketing team chat within the Tech Forum indicates Charles Hoskinson purchased the event’s top-level sponsorship package, known as a “black” membership. J.J. Siler, Chief of Staff at IOG, was also being considered as a potential keynote speaker.

Speakers who bought the black membership would have paid $50,000 for this package. 

The package included a keynote speaking slot, a panel discussion opportunity, and a chance to promote your work at the forum.

Charles Hoskinson explained to BeInCrypto that the conference didn’t meet expectations. It happened around the same time as a constitutional convention they held at the University of Buenos Aires. They’d sponsored it hoping to showcase Cardano to key Argentinian government and business leaders, but it unexpectedly became an event focused on multiple blockchain networks, something they weren’t aware of beforehand.

In the aftermath of LIBRA, Hoskinson publicly shared his experience at the Argentina Tech Forum.

Hoskinson’s Address Following Libra Fallout

The day after Libra was released, Hoskinson made a video explaining what had happened. In the video, he focused a lot on an event that took place five months prior.

Charles Hoskinson, the creator of Cardano, is looking for ways to grow the project’s presence in the country, not just through business deals, but also by collaborating with the government on joint ventures.

He was told by the event organizers – probably Novelli and Terrones Godoy – that the Tech Forum would be an opportunity to meet privately with the President. However, that didn’t happen. Instead, he only received a quick handshake and was included in a group photo.

According to him, such promises soon turned into a request for bribes.

Hoskinson explained in a live broadcast that they used to offer access to meetings and potential opportunities in exchange for small favors from people they met. He described it as saying, ‘If you help us out a little, we can get you a meeting and good things might happen.’

When Hoskinson explained that their request would violate U.S. anti-bribery laws, those individuals immediately ended all communication with him and his team.

Hoskinson also offered his take on the Libra situation, explaining that he believes Milei is a good person but is being advised by the wrong individuals.

However, the most recent evidence mounting against Milei suggests the opposite.

Call Logs Reveal Novelli-Milei Contact Around Launch

Records from the DATIP archive show that on the day of the LIBRA launch, Javier Milei, his sister and Chief of Staff Karina Milei, and Novelli were in frequent phone contact with each other.

Right before the LIBRA launch, I tried reaching Karina Milei, but she didn’t pick up. Then I called Javier Milei, and he didn’t answer either. I called him again just a few minutes later, and we finally connected, though it was a quick chat – less than two minutes. We ended up speaking a couple more times over the next five minutes.

Milei then tweeted about LIBRA, a cryptocurrency, which Nansen research later found led to losses for 86% of the traders who invested in it.

Following the aftermath, Novelli and Milei have three more phone conversations. 

Recent findings show that Novelli and Milei were close friends as far back as 2021.

Back in October, BeInCrypto noted that even before the controversy surrounding LIBRA, Milei was involved in a similar project – the launch of the KIP token, which happened two months prior.

Novelli and Terrones Godoy also participated in this launch.

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2026-03-25 18:46