c/politics · by vegeta@lemmy.world · 62d

Trump family got about $500M from crypto venture — but investors saw steep losses

https://www.cnbc.com/2026/06/09/trump-world-liberty-financial-crypto-alt5-sigma.html

82 points · 9 comments · view on lemmy.world

9 Comments

ShellMonkey@piefed.socdojo.com · 14 pts · 62d

As if anyone actually saw it as anything other than a channel for bribes?

Big_Boss_77@fedinsfw.app · 8 pts · 62d (1 reply)

...what exactly were they expecting?

limonfiesta@lemmy.world · 8 pts · 62d

Depends on the "investor" and their purpose for "investing".

I'm sure a bunch of MAGA boomers thought they were investing and got rooked.

But everyone else knew they were paying a bribe designed to transfer assets to the Trump family in exchange for "favors" on whatever corrupt dealings they were aiming to influence.

vegeta@lemmy.world · 4 pts · 62d (1 reply)

devolution@lemmy.world · 5 pts · 62d

DaddleDew@lemmy.world · 3 pts · 62d

Crypto doesn't magically create money. That money came from other poor suckers.

NekoKoneko@lemmy.world · 2 pts · 62d

The White House said there are no conflicts of interest involving the president or his family in these transactions.

L...o...l

... Which I now realize looks like a stick dude throwing their arms up in resignation, which is about right.

lagoon8622@sh.itjust.works · 2 pts · 62d

Calculated (literally)

one_old_coder@piefed.social · 1 pts · 62d

It's good for bitcoin I guess.