#crypto

4 entries with this tag

Corruption & Grift

UFC to Pay White House Cage Match Fighters in Crypto Issued by Trump's Own Company — While He Owns the Stock, Sells $12,000 Coins, and Hosts a $1M-Per-Plate Fundraiser

UFC Freedom 250 fighters at the White House will receive bonuses in USD1 — a stablecoin issued by World Liberty Financial, co-owned by the Trump family (75% of profits) and Steve Witkoff's family. Witkoff is Trump's Middle East envoy — the man negotiating the Iran ceasefire. A second $1 million bonus pool pays fighters in CRO from Crypto.com, which has donated millions to Trump's super PAC and partnered with Trump Media on prediction markets and ETFs. Trump bought TKO stock before promoting the event. The Trump Organization sells co-branded coins up to $11,999.99. A $1 million-per-plate super PAC fundraiser is the night before. Ringside sponsorship: $1M+. The octagon features logos from Crypto.com, Polymarket (Don Jr. is an advisor), VeChain, Stake, and Exodus. A former DOJ prosecutor called it "a real distillation of this administration: take public property and use it for private benefit." The White House claims the government "is not making any money on this event." The president is.

Corruption & Grift

Trump's WLFI Team Borrows $150M USDC Against Its Own Token — 97.8% of Dolomite's Cap

Per Arkham research, Trump's World Liberty Financial team is lending $406.23M of its own WLFI tokens across 2 wallets — 4.99% of total supply and 97.8% of Dolomite's entire WLFI cap — and using that position to borrow $150M USDC against $400M of their own token. Real dollars out, self-issued token in.

Corruption & Grift

Pardoned Binance Founder After $2B Crypto Deal

Trump pardoned Binance founder CZ who had pleaded guilty to money laundering as part of a $4.3B settlement. The pardon came after a $2B deal linked Binance to Trump's own crypto company. Trump then claimed "I don't know who he is."

Corruption & Grift

$TRUMP Memecoin Grift

Three days before inauguration, Trump launched the $TRUMP memecoin. It soared to $13 billion market cap then crashed, earning the Trump family $320M+ in fees while 764,000 investor wallets lost a combined $2 billion.