Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Eugene

(67,234 posts)
Sat May 2, 2026, 09:23 AM Saturday

Trump Family Crypto Project Quietly Sold as Holders Got Stuck

Source: Bloomberg

Trump Family Crypto Project Quietly Sold as Holders Got Stuck

Olga Kharif
Fri, May 1, 2026 at 8:35 AM EDT
6 min read

(Bloomberg) -- The pitch was straightforward: Invest in the cryptocurrency venture of Donald Trump and his family, back the industry’s most powerful ally at the peak of their influence, and share the spoils.

Investors said yes, putting in more than $550 million across two fundraising rounds.

What happened next was not publicly explained. After those rounds closed, the project sold an additional 5.9 billion tokens to accredited private investors, transactions worth hundreds of millions of dollars, with much of the proceeds directed to founder-affiliated entities.

The sales came to light when intelligence platform Tokenomist.ai, examining World Liberty’s governance filings at Bloomberg’s request, found that the number of tokens listed under founder, team, adviser and partner allocations had risen without apparent explanation, a discrepancy the project had not explained to its broader investor base.

-snip-

Read more: https://www.yahoo.com/finance/markets/crypto/articles/trump-family-crypto-project-quietly-123508889.html

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump Family Crypto Project Quietly Sold as Holders Got Stuck (Original Post) Eugene Saturday OP
The Trumps got most of the proceeds with zero liability. Norrrm Saturday #1
The statute of limitations in these crime shouldnt expire until 2031 Fiendish Thingy Saturday #2
Of course! LakeVermilion Saturday #3
Latest Discussions»Editorials & Other Articles»Trump Family Crypto Proje...