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Drudge Retort: The Other Side of the News
Friday, December 13, 2024

A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah.

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UPDATE: The NYT has FINALLY mentioned that a Chinese national being prosecuted by the SEC for fraud, Justin Sun, has made a multi-million dollar payment to Donald Trump by purchasing tokens from a Trump-backed crypto company. www.nytimes.com/2024/12/05/u ...

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-- Judd Legum (@juddlegum.bsky.social) December 5, 2024 at 1:39 PM

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More from the article...

... World Liberty Financial Inc , founded by the Witkoff family two months before November's U.S. election with Trump as a financial beneficiary , presents concerns over ethics and conflicts of interest, say six specialists in U.S. government ethics.

Among their biggest concerns is World Liberty's new partner: Tron crypto platform.

Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a vehicle for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, Reuters reported in 2023 , citing interviews with seven financial crime experts and cryptocurrency investigations specialists.

Tron announced last month it was investing $30 million in World Liberty. Tron's founder, Chinese-born entrepreneur Justin Sun, will join the Trump-Witkoff venture as an advisor, Sun and World Liberty said on social media platform X. The British Virgin Islands-registered Tron is now World Liberty's largest investor, Sun said.

Crypto seizures announced by the Israeli security services since 2021 have frequently singled out Tron's use by militants, including Hamas whose 2023 attack on Israel killed 1,200 people, according to Israeli authorities, and triggered the Gaza war. ...


#1 | Posted by LampLighter at 2024-12-12 08:46 PM | Reply

Trump has only the best investors!

Criminal birds of a feather fluck together.

#2 | Posted by Corky at 2024-12-12 09:42 PM | Reply | Newsworthy 1

------- ------.

#3 | Posted by LegallyYourDead at 2024-12-12 10:24 PM | Reply

Putin's bitch is an admirer of Hezbollah.

www.washingtonpost.com

#4 | Posted by reinheitsgebot at 2024-12-13 11:05 PM | Reply | Newsworthy 1

Crypto is bought with legal tender. The cash goes in and gets shuffled about. It's like an international shell game.

#5 | Posted by RightisTrite at 2024-12-14 02:22 AM | Reply

Crypto is bought with legal tender. The cash goes in and gets shuffled about. It's like an international shell game.

Posted by RightisTrite at 2024-12-14 02:22 AM | Reply

How does it work?? Is it like the stock market or what,??

#6 | Posted by LauraMohr at 2024-12-14 02:34 AM | Reply

How does it work?? Is it like the stock market or what,??

#6 | Posted by LauraMohr at 2024-12-14 02:34 AM | Reply | Flag:MEH

It works on people's fears of "being left out"... and fear of the government. I mean its a lot of computer bandwidth promising to spit out numbers... magical numbers... and what it is worth... or might be worth if you get enough people to play along... Libertaricl0wn brainfart.

at least with tulips, you had a flower... a sickly fungus-infected but beautiful flower.

#7 | Posted by RightisTrite at 2024-12-14 05:25 AM | Reply

Wow, a grift that even trump can't screw up. America is officially for sale on Jan. 1st.

#8 | Posted by Yodagirl at 2024-12-14 10:40 AM | Reply | Newsworthy 1

Make that 20th. Rough night last night...

#9 | Posted by Yodagirl at 2024-12-14 01:18 PM | Reply | Newsworthy 1

Situation normal and all.
Remember when Trump came into office the first time and it was discovered that Jared was setting up a back door avenue to negotiate with the Russians? One wonders if the cowed American media will stop reporting what is found that the Trump gang is doing.

#10 | Posted by Hughmass at 2024-12-15 06:14 AM | Reply

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