Donald Trump Embroiled in His First Crypto Scandal, Amid Allegations His Son Barron Is Behind a Cryptocurrency \'Meme Coin\' Called DJT

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.

Donald Trump is reportedly facing his first cryptocurrency scandal after allegations surfaced that his youngest son, Barron, might be involved in a meme coin called DJT.

The cryptocurrency, which carries the same initials as the former president and is denoted by three letters, has seen a massive surge in value amid rumors that it could be Trump’s “official token.”

According to CoinGecko, DJT’s value soared by triple-digit percentages on Thursday, reaching a market capitalization of over $150m.

The surge in DJT’s value sparked a frantic search to determine whether Trump or his campaign was involved in the crypto endeavor.

On Tuesday, Arkham, a market intelligence firm, announced a $150,000 bounty for anyone who could identify the person behind DJT.

Later on Wednesday, the company revealed that a crypto analyst using the X screenname ZachXBT had submitted “definitive evidence” that Shkreli, who was released from prison in 2022 for several fraud charges, was the mastermind behind the operation.

The analyst posted screenshots of what he claimed were direct messages with Shkreli, in which the former pharmaceutical investor, who is best known for大幅 raising the price of cancer drugs, claimed, “I have over 1000 pieces of evidence I created it with Barron,” referring to Trump’s son.

ZachBXT also claimed that the coin was linked to a Discord user named Cameron Roxborough, who said he was 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 said he created the coin after being approached by Roxborough on behalf of Barron Trump, and that the former president himself approved of the idea.

Speaking in a live X Spaces discussion, the investor said he had no personal stake in the coin, and that he 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 commented publicly on the DJT coin.

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

News source：https://www.kdj.com/cryptocurrencies-news/articles/donald-trump-embroiled-crypto-scandal-allegations-son-barron-cryptocurrency-meme-coin-called-djt.html

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