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ZackXBT Reveals Creator of DJT is Disgraced “Pharma Bro” Martin Shkreli – Trump Links Alleged

Published June 19, 2024 2:59 PM
Giuseppe Ciccomascolo
Published June 19, 2024 2:59 PM

Key Takeaways

  • Martin Shkreli claims to be the creator of DJT TrumpCoin, a cryptocurrency associated with former President Donald Trump.
  • Shkreli is a convicted financial fraudster, given the moniker the “most hated man” in the US.
  • The legitimacy of an official Trump crypto token remains unclear.

The blockchain investigator ZachXBT  exposed Martin Shkreli, the infamous “Pharma Bro,” as the possible creator of DJT TrumpCoin, a cryptocurrency linked to former US President Donald Trump.

Shkreli , a convicted felon known for his abrasive personality and financial controversies, allegedly admitted to creating TrumpCoin in private messages to ZachXBT. This revelation comes amid a heated debate about the legitimacy of the cryptocurrency, with some speculating a connection to Trump himself.

Zack XBT Reveals Creator Of DJT

TrumpCoin, a cryptocurrency purportedly associated with former President Donald Trump, was reportedly created by the infamous businessman Martin Shkreli.

Prominent on-chain investigator ZachXBT disclosed  this information in a post on X. According to him, Shkreli, a convicted financial fraudster who served six years in prison, privately messaged him on X, asking for confidentiality with the phrase, “Between us please.”

ZachXBT shared screenshots of Shkreli messages. “I have over 1000 pieces of evidence, I created it with Barron,” Shkreli said, referring to Trump’s son, Barron Trump, who was previously thought to be leading the project.

Roughly half an hour after sending the private message, Shkreli, known as “Pharma Bro,” publicly admitted on X Spaces that he was indeed the creator of TrumpCoin, as reported by ZachXBT. This admission came after ZachXBT announced that he had submitted information for Arkham Intelligence’s $150,000 bounty to identify DJT’s developer.

To further support his claims, ZachXBT connected a significant DJT holder, who had sold $832 worth of the cryptocurrency, to Shkreli’s other venture, Shoggoth.ai.

Who Is Martin Shkreli – America’s ‘Most Hated Man’?

Shkreli became infamous in 2015 when, as CEO of Turing Pharmaceuticals, he raised the price of the antiparasitic drug Daraprim by 5,500% overnight. This critical medication treats HIV/AIDS and toxoplasmosis. His actions sparked outrage due to the financial burden it placed on patients.

The “most hated man”  in the US also received a conviction of federal charges for his management of hedge funds. He deceived investors in a pair of failed hedge funds. For these crimes, he served over six years in prison and was fined over $70 million.

Shkreli’s abrasive personality and online antics further fueled his public image as the “Pharma Bro” – a symbol of greed and ruthlessness in the pharmaceutical industry.

He co-founded several hedge funds and pharmaceutical companies. However, he received a sentence for securities fraud for misleading investors and over six years in prison. He left prison in May 2023 and is now a free man.

The Trump Connection

The crypto world is currently facing a huge confusion over a Donald Trump-themed token. The situation revolves around two tokens with the same name but on different blockchains. Pirate Wires  has announced a “TrumpCoin” (ticker DJT) purportedly linked to Trump himself and running on the Solana blockchain. In contrast, there is already a “Save America” token, also under the DJT ticker, on the Ethereum blockchain. This has a link to a pro-Trump project, PoliFi.

Adding to the complexity, controversial figure Martin Shkreli appears to be supporting the newly launched Solana-based token. This support has sparked a high-stakes bet in the crypto community. Influential trader GiganticRebirth (GCR) , a Trump supporter, has wagered $100 million that Trump has no connection to the Solana token. This was in response to another trader’s initial $1 million bet claiming otherwise.

Shkreli’s online posts referencing the $1 million bet have intensified the situation among major crypto holders, often referred to as “whales.” GCR suspects these whales might be scheming to inflate the token’s value. He argues that a legitimate Trump token would only be credible if Trump announced it himself.

The legitimacy of an official Trump crypto token remains unclear. It is mired in conflicting claims and a high-profile bet that adds to the drama.

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