“This is a huge mistake,” one Trump-backing crypto venture capitalist told Politico.
, to launch a crypto startup have set off alarm bells among even his staunchest allies in the sector, according to a
But a string of mishaps, including Trump family members getting hacked by scammers and concerns about World Liberty’s deep connections to a blockchain firm that lost $2 million because of security shortfalls, has some arguing they should pack it up before they begin. According to Coinbase, it’s at least the third time a token with dubious claims of Trump ties has been promoted. Infamous pharma bro and convicted fraudster Martin Shkreli claimed his DJT token, issued last month, was created with Trump’s youngest son, Barron, while the Trump-themed Restore the Republic token, which reached a market capitalization of $155 at its peak, fell 95 percent in a single day last month when Eric clarified no official Trump crypto had launched.
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