Friday, February 28, 2025

Crypto unleashed

 


Unleashing money laundering as well.  Crypto is the favored currency for illegal transactions, and the Trump grift.  And President Musk.


The idiot who bought the banana for $6.2 million.


Justin Sun’s involvement here takes this beyond the realm of mere amusement and into something potentially far more insidious: a yearslong saga of alleged activities like abusing employees, skimping out on international law, evading transparency requirements, and plagiarizing white papers, along with reports of government investigations, and sucking up to President-elect Donald Trump for the sake of rewiring American financial regulation as we know it.* It’s a literal pay-for-play, with Sun announcing just one day after the banana stunt that he would invest $30 million in Trump’s crypto scheme, World Liberty Financial, and bail it out of financial insolvency, earning an advisory role with the firm in the process.

[...]

There are many reasons why Justin Sun is so notorious within the crypto world, even though he remained mostly unknown to the wider public before now. So let’s break down why this whole thing stinks … kinda like a rotting banana.

So, what’s Justin Sun’s whole deal?

  Slate
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