Trump Just Got $18 Million From A Chinese Crypto Scammer, But LOOK, BANANA!! [View all]

[muriel_volestrangler]

And now Sun has bought $30 million “worth” of them, which just happens to be the reserve amount the company said it would hold to cover expenses. Then after the $30 million mark is met, DT Marks DEFI LLC, will receive “75% of the net protocol revenues as defined in the services agreement.” And now there have been $24 million of tokens sold beyond that, which equals $18 million straight into Poppy’s sock drawer. Sun has also joined WLF as an advisor, putting him into business with the man and his shady pickup-artist and crypto-grifting partners.

As it turns out, Sun is a little bit of an accused crypto-scammer himself, can you even believe it? The Securities and Exchange Commission (SEC) is currently prosecuting him for fraud, hide your surprise! In March of 2023 he was charged with unregistered offer and sale of the crypto asset securities Tronix (TRX) and BitTorrent (BTT) and for “manipulating the secondary market for TRX through extensive wash trading, which involves the simultaneous or near-simultaneous purchase and sale of a security to make it appear actively traded without an actual change in beneficial ownership, and for orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation.”
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And you’d think the media would be all over this story, but no, they are too distracted by his starving-for-attention purchase of that duct-taped banana. Noted Judd Legum over at Popular Information,

The New York Times, for example, has published five articles about Sun's purchase of the banana but none about Sun's $30 million purchase of WLF tokens and his business partnership with Trump. The Washington Post has published three articles about the banana, but its coverage of Sun's purchase of WLF tokens was limited to one short paragraph in a larger editorial about the crypto industry. (The paragraph does not explain how Trump personally profits from Sun's token purchase.) The Wall Street Journal did publish a short piece about Sun's token purchase on its “Live Update” blog, but the piece was not viewed as significant enough to be included in the print edition. The paper published two articles, plus a video, focused on the banana. One of the Wall Street Journal articles about the banana was published on the front page of the paper.

To their credit, Bloomberg did notice that the past-and-future president pumping a scammy scheme to enrich himself directly from foreign investors whose money would be untraceable unless they bragged very loudly about it on the Internet is notable news. But everybody else, like a bunch of minions in that annoying-as-shit cartoon, hey, look over there, BANANA!

https://www.wonkette.com/p/trump-just-got-18-million-from-a

It doesn't take a genius to work out that, when you're being prosecuted for fraud, the thing to do is bribe the eminently-bribable incoming president, to get the investigation dropped, or a pardon. Fuck, bribe him enough and Trump will give you a role in government.

(To explain what was left out of the excerpts, and get his name searchable with Google, this was Yuchen “Justin” Sun, the crypto scammer who just bought and ate the banana artwork)