Recent developments have raised serious concerns regarding Javier Milei’s connections with his crypto advisor, Hayden Davis. Allegations suggest that Davis has exerted significant influence over the Argentine president through financial transactions involving Milei’s sister.

In messages that have surfaced, Davis reportedly claimed, “I send $$ to his sister and he signs whatever I say and does what I want.” This revelation comes in the wake of the LIBRA token’s dramatic collapse, which saw its value plummet by over 90% shortly after Milei’s endorsement. As a result, insiders withdrew more than $107 million in liquidity.

The LIBRA token, launched on the Solana blockchain, initially boasted a market capitalization of $4.5 billion following Milei’s promotion on social media on February 14, 2025. Davis, who previously acknowledged holding $100 million in profits from the token’s launch, has expressed uncertainty about the future of these funds after reports indicated that Milei’s team abandoned the project. U.S. authorities are contemplating jurisdiction over the case due to Davis’s American citizenship and the involvement of U.S.-based investors. Meanwhile, the Argentine government has yet to address these allegations, and Karina Elizabeth Milei has remained silent on the matter.

📎 Related coverage from: cryptobriefing.com