Updated
Updated · Bloomberg · May 1
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?