Trump's Crypto Ventures Haemorrhage $4.7 Billion in Investor Losses
Investors have lost at least $4.7 billion through crypto ventures linked to US President Donald Trump since 2022, according to a report by Public Citizen.
The losses span Trump's NFT collections, memecoins, and the World Liberty Financial projects.
The TRUMP memecoin accounted for the largest share of losses, with investors seeing a loss of nearly $3.2 billion.
Meanwhile, the president and his family have generated an income of $7.2 million from NFT licensing fees and royalties, as well as above $600 million via World Liberty Financial's token sales and an equity stake sale.