HastyPuddingPops
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Blue sky https://bsky.app/profile/levin.house.gov/post/3mqcpjsuaos2s
Article https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.html?smid=nytcore-ios-share
ThisGuyPostingThings
Well, yeah, crypto is a scam.
Easilyflustered
I'd like to remind everyone that the primary purpose of the coin was not to scam MAGA, it was for foreign governments and billionaires to funnel money to Trump. MAGA giving money too was just icing on the cake.
flordelasantillas
HaHa You idiots keep pouring money into his phony toys, believing it to be a "investment," despite the fact that all of you stupid MAGAs are unaware that he defrauds you of your money every single time. Yes, it's an investment that he made in order to get money from you. HaHa
SecretAgentSuperBooger
michaelfire
Classic ponzi scheme. "A Ponzi scheme is an investment fraud that pays existing investors using funds collected from new investors. Named after con artist Charles Ponzi, the scam creates the illusion of a profitable, legitimate business. It inevitably collapses when the flow of new investors slows down."
Dapperworth
Remember when crimes were crimes?
ElbowDeepInAHeadlessHorseman
Some portion of that is just bribes. Foreign countries bought that crypto so that trump could cash out.
rojelioenescabeche
Ponzi what now?
TooRexyForMyShirt
The grift that keeps on giving.
Resistance1000
*taking
zOriginal
DevilsAdvocat
didn't one of his brats lose $600m from that scam so they ended up zeroing out overall? or was that an entirely different crypto scam? (entirely likely)
Bystandr
Republicans pumped and dumped again by the great leader.
PickleRiiiiiiiiiiiiick
Maga voters do N0T care. "If I get ripped off, its my own fault."
B1tchtastic
It's sad that 1 million people are that stupid. If they split it evenly, they lost $3,800 per person. You know. Poor people money. The poors paying the rich. Hope nobody sunk their life savings into Trump's scam, but if they did, they do deserve to lose it.
TheFastpaws
It was just a legal way to get some foreign bribes in.
Whoisthisdoctorwho2000
...and I love that for them! There are 3 types of trump investor, MAGA fascists, Crypto-bro wannabes hoping to make quick cash... and people/business'/counties using it to launder their bribes
stayingalive4life
If his base were stupid enough to have bought into this given EVERYTHING we already about his propensity to lie, cheat, steal, defraud, and be corrupt, they really do deserve this.
mrthewhitee
Most of this wasn't his base. It was people buying influence with him. Billionaires and foreign gov buying the coin knowing it was gonna go to shit and knowing he was getting a cut of every transaction fee
morninggloryshade777
They fully deserved what they got. FULL STOP.
Malsbury
So where's the other $3200 million?
Starfox5
I feel no empathy or pity for any loss a Trumpist suffers.
conklin5
Of those one million investors, I'd bet that less than a thousand have learned anything at all.
Resistance1000
You optimist, you. :-)
GrimleyGraves
You could buy a lot of pitchforks and torches with that money.
tidepool
EveryCyclopsHasAUnibrow
Have any of them gotten their golden sneakers yet?
Resistance1000
Or their watch? Or their phone? Or, or, or...?
wejustdontknow
A few people got their "Totally Made in the USA" Drumpth phones which were overpriced by about 400 dollars
usernametakenisthestoryofmylife
He didn't like crypto until he learned he could scam people.
iamthemurray
I supposed that good. I'm sure most of his investors were foreign adversaries so if they lost money so be it. The rest of the idiots who bought in deserve it too. Why be so fucking stupid
gorillaClutch
Lets be clear. Some crypto bro is scamming people FOR him. He can't even scam people himself. That would take effort
battery1979
It's that Chinese dude he pardoned who was in jail for Crypto scamming.
gayvillian
Its nearly impossible to confiscate. This will be important later.
Mitheral
Not just scam, also a way to collect bribes.