Donald Trump has been aggressively courting the cryptocurrency community as part of his 2024 campaign, including meeting with bitcoin miners, fundraising in Silicon Valley, and opening his campaign to crypto donations last month, a first for a major party candidate.

Now, Trump, who in 2019 called bitcoin a currency “based on thin air,” is embroiled in his first cryptos scandal, amid allegations that his youngest son Barron—or maybe disgraced pharma exec Martin “Pharma Bro” Shkreli—is behind a cryptocurrency “meme coin” called DJT, the same letters as the former president’s initials.

Earlier this week, vague rumors began circulating that the coin, which launched in May, was going to be the former president’s “official token,” sending the value of the crypto coin surging.

As of Thursday afternoon, DJT’s value had soared by triple-digit percentages, reaching a market capitalization of over $150m.

The run on DJT, which shares a three-letter abbreviation with stock in the former president’s actual media company, inspired a feverish search for whether Trump or his campaign was behind the crypto effort.

On Tuesday, Arkham, a market intelligence firm, offered a $150,000 bounty for the person who could prove who was behind DJT.

A day later, the company announced that a crypto analyst using the X screenname ZachXBT had submitted “definitive evidence” that Shkreli, who was released from prison in 2022 for a series of fraud charges related to his time running two hedge funds, was the brains behind the operation.

The analyst shared screenshots of what he said were direct messages with Shkreli, in which the former pharmaceutical investor, known for jacking up the price of cancer drugs, claimed, “I have over 1000 pieces of evidence I created it with Barron,” a reference to Trump’s son.

ZachBXT also claimed the coin was linked to a Discord user named Cameron Roxborough, who claimed to be a classmate and friend of Trump’s son.

A LinkedIn profile under that name shows Roxborough attending the same Florida school from which Barron Trump recently graduated.

After the bounty announcement, Shkreli claimed he created the coin after being approached by Roxborough on behalf of Barron Trump, and that the former president approved of the idea.

The investor said in a live X Spaces discussion that he didn’t have any personal incentives in the coin, and created the product to “see where it would go,” and that “everything” made on the scheme would go to Barron and the Trump family.

“I can prove Trump and/or Trump family involvement,” he later wrote on X.

The Trump family and campaign have not publicly commented on the DJT coin.

The Independent has contacted the Trump campaign and Roxborough for comment.

Portland, Maine, June 20th, 2024, Chainwire

Luxolo, a concierge cryptocurrency service, recently announced the nationwide launch of its cutting-edge app, set to revolutionize how individuals manage and invest in cryptocurrencies. Available on both iOS and Android platforms, the Luxolo app seeks to redefine user experiences with its innovative features, user-centric design and human support team composed of Crypto experts. The app aims to make cryptocurrency management accessible and straightforward for users of all experience levels.

Simplifying Cryptocurrency Investment

Luxolo sets itself apart from larger companies in the industry with is its unique combination of a concierge service and an easy-to-use app. The concierge service provides personalized assistance, guiding users through the complexities of cryptocurrency investment and management.

Key Features

• Concierge-Style Human-Powered Support: Offers personalized, human-powered service and technical support.
• Self-Custody Cold Storage: Users can utilize the Luxolo Vault, an analog cold storage wallet, for unmatched security and investment control.
• User-Friendly Platform: Users can seamlessly manage Bitcoin and other cryptocurrencies with easy bank account links.
• Real-Time Market Data: The info users potentially need to make decisions is readily available on the app.
• Secure Transactions: The platform is backed by the power of Ballet cold storage wallets. Users can schedule transfers their funds with the security offered by an app.
• Simplified Portfolio Management: Users can finally manage all their crypto investments with the ability to track value changes, move crypto, and keep it all safe with physically backed cold storage.
• Educational Resources: The Luxolo Learning Center empowers users with the knowledge to potentially make informed investment decisions.
• Diverse Investment Options: Access a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDC.

“Our app not only supports individual financial growth but also enhances the broader understanding of digital currencies,” said Michael Seymour, Director of Sales and Marketing at Luxolo Financial.

The Luxolo App’s Impact on Crypto Investing

The app’s seamless integration with various cryptocurrencies ensures that users can efficiently manage their digital assets in one convenient place. With the launch of the Luxolo app, the company is set to make a significant impact on the cryptocurrency market, empowering individuals to take control of their financial futures with confidence and ease.

The Luxolo app is now available for download on the Apple App Store and Google Play Store. For more information, users can visit Luxolo’s website or the Luxolo Learning Center.

About Luxolo

Luxolo is dedicated to empowering individuals through innovative financial solutions in cryptocurrency. Based in Portland, ME, Luxolo strives to deliver technologies that pave the way for a secure and accessible digital finance future.

Contact

Michael Seymour
Luxolo Financial
sales@luxolo.io

Jones Day is a global law firm with more than 2,500 lawyers across five continents. The Firm is distinguished by a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.