Trump family crypto project sold after raising $550 million
Updated
Updated · Bloomberg · May 1
Trump family crypto project sold after raising $550 million
11 articles · Updated · Bloomberg · May 1
Investors contributed more than $550 million in two fundraising rounds to the venture tied to Donald Trump and his family.
The sale was described as quiet, while investors were left stuck in the project after backing a business marketed around the family's political influence.
The episode highlights risks for buyers drawn to politically connected crypto ventures and raises questions about how benefits were shared after the fundraising drive.
After a $500M sale to a foreign firm, was a crypto venture's 80% collapse a market failure or a calculated exit for insiders?
With investors facing huge losses, what does the alleged 'backdoor' in a major crypto project reveal about the hidden risks of DeFi?