Cardano's Argentine Escapade: Where 'Key Contributor' Deals Demand Six Figures and Suspect Selfies
The LIBRA saga keeps serving up its cast of oddballs, and now Cardano's own Charles Hoskinson has wandered into the frame. Evidence pulled from Mauricio Novelli's phone uncovers an unsigned contract that plays out like a poorly written crypto-noir screenplay.
Dated for late November 2024, the pact between 'Argentina Partners' and Kelsier Holdings Ltd. sketched a plan to 'position Charles Hoskinson as a key contributor to public policies on web3 technology in Argentina.' The doc promised to 'coordinate private discussions with key leaders' and generally make the government sing from Cardano's hymn sheet—a classic play for those who think policy is just another token to be listed.
The proposed financials weren't exactly playing for pocket change: a 65/35 revenue split tilted toward Kelsier, a $300,000 opener (with half down upfront, naturally), and a cool $250,000 monthly retainer kicking off in January 2025. All this was contingent on the big "if"—'if and when the IOG/Cardano deal is signed,' because in crypto, you always get the bag before the rug.
Hoskinson's version is a tale of polite refusal. 'We politely declined his offer,' he stated, referencing entrepreneur Hayden Davis's pitch. 'We never directly talked to Milei or any of his staff about the offer.' Crucially, no evidence has emerged of Hoskinson's signature or authorization on the draft—a missing keystroke that's worth its weight in hypothetical ADA.
The phone dump also featured a folder boldly labeled 'Charles Hoskinson,' which contained exactly one chat: an audio file sent on November 15, 2024. Hoskinson claims no recollection of the audio or of speaking directly to Novelli, suggesting either a very forgettable call or a folder created with more hope than evidence.
Group chats further reveal that Hoskinson shelled out $50,000 for a 'black' membership to the Argentina Tech Forum in October 2024, an event where both he and President Milei took the stage. 'It turned into a multi-chain affair without our knowledge,' Hoskinson later quipped, lamenting the event's bait-and-switch from Cardano showcase to crypto buffet.
In a February livestream, Hoskinson painted a picture of initial promises for presidential meetings that 'soon turned into a request for bribes.' His mention of the U.S. Foreign Corrupt Practices Act apparently acted as a conversation ender more effective than a "we're dumping" tweet. His reward for the trouble? A handshake and a group photo—the political equivalent of getting a project's discord role instead of the airdrop.
The DATIP evidence logs show Novelli and Milei were on the phone like degens on a hot tip around LIBRA's launch. Minutes before the fateful tweet, Novelli called Karina Milei (rejected), then Javier Milei (no answer), then finally got a connection lasting under two minutes. They managed three more calls in the next five minutes—a flurry of activity usually reserved for coordinating a pump.
Milei's LIBRA tweet would later become a masterclass in liquidation, with Nansen data showing 86% of traders caught holding the bag. Call logs hint at a Novelli-Milei relationship stretching back to 2021, with both parties having previously dabbled in the similarly fragrant KIP token launch scheme last August—because why break the mold when the grift still works?
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