Argentine president's $5M contract to promote Libra memecoin found

Evidence has emerged that Argentine President Javier Milei agreed to a $5 million contract to promote the memecoin Libra (LIBRA), BeInCrypto reported, citing local media. The contract stipulated that Milei would publicly endorse the digital asset on social media in exchange for the payment. Argentine authorities discovered the document during a digital forensic investigation as part of an ongoing probe. They are now investigating whether the promotion influenced the token's price surge following its launch.