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International Business Times UK
International Business Times UK
Robert Gorgonio

Trump Crypto Fans Rocked by $3.8B Loss as Congress Accuses POTUS of Running 'Meme Coin Ponzi Scheme'

Trump's crypto bet has left nearly 1 million investors nursing a combined $3.8 billion (£2.85 billion) loss, even as Donald Trump personally took in $636 million (£476.19 million) from the meme coin that became one of his most lucrative digital ventures.

The figures, drawn from blockchain analytics firm Nansen and reported in the wake of Trump's latest financial disclosure, have renewed criticism in Washington over whether the president's crypto empire has crossed a line.

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