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Bloomberg: Trump's World Liberty Crypto Venture Enriched Insiders as Investors Lost Out

A Bloomberg investigation finds the Trump family's World Liberty Financial generated big profits for insiders even as its ambitious crypto plans fell short and investors lost money.

newest coverage 1d agosummary written 1d ago8 pieces32 likes & upvotes NewswiresMastodonBlueskyReddit

What to know

  • Bloomberg's investigation finds Trump and his business partners profited from World Liberty Financial even as the venture's grand plans failed to materialize.
  • Outside investors in the crypto venture lost money while insiders' crypto ties to Trump generated substantial gains.
  • The story, and its multiple reissued headlines, spread widely on social platforms, drawing criticism from commentators framing it as part of a broader pattern of Trump-linked corruption.

Donald Trump Jr.Donald Trump Jr. World Liberty Financial promoterChase Herro World Liberty Financial co-founder/promoterDonald TrumpDonald Trump Beneficiary of the family crypto venture

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in one hour at Sep 22, 5 AM; 8 pieces over 45 hours (2 articles · 6 posts) Sep 22, 5 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Sep 22, 6 AM — quietSep 22, 7 AM — quietSep 22, 8 AM — quietSep 22, 9 AM — quietSep 22, 10 AM — quietSep 22, 11 AM — 2 pieces · 1 article · 1 post — Newswires 1, Reddit 1Sep 22, 12 PM — 2 pieces · 2 posts — Bluesky 1, Mastodon 1Sep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — 1 piece · 1 post — Mastodon 1Sep 22, 9 PM — 1 piece · 1 post — Mastodon 1Sep 22, 10 PM — quietSep 22, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quiet 123
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  1. 3

    Commentators call the venture emblematic of Trump-linked corruption

    The report circulates widely on social media, with independent journalist Dan Gillmor characterizing it as part of a pattern of corruption surrounding Trump-affiliated ventures.

    “All corruption, all the time in Trump world…”
    — dangillmor@mastodon.social
    • dangillmor@mastodon.social

      All corruption, all the time in Trump world: "World Liberty’s Crypto Ties Enriched Trump as Investors Lost Out" https://www. bloomberg.com/news/articles/20 26-09-22/trump-crypto-venture-world-liberty-made-big-money-as-plans-fell-short?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc5MDEyMj…

      dangillmor@mastodon.socialMastodon1d ago8▲view on Mastodon ↗
    1 more of the top 2 · 2 posts in this stretch
    • GiftArticles@tomkahe.com

      Trump’s Crypto Venture Got Rich While Big Promises Fell Short https://www. bloomberg.com/news/articles/20 26-09-22/trump-crypto-venture-world-liberty-made-big-money-as-plans-fell-short?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc5MDEyMjkxNSwiZXhwIjoxNzkwNzI3NzE1LCJhcnRpY2xlSWQiOiJUTDQ1…

      GiftArticles@tomkahe.comMastodon1d agoview on Mastodon ↗
    all of them →
  2. 2

    Bloomberg reissues story as investors' losses come into focus

    Bloomberg republishes the piece under the headline emphasizing that World Liberty's crypto ties enriched Trump while investors lost out, amplifying the finding across its platforms.

    “World Liberty's Crypto Ties Enriched Trump as Investors Lost Out…”
    — Bloomberg
    1. 1 outlet World Liberty's Crypto Ties Enriched Trump as Investors Lost Out

      first by Bloomberg, 1d ago

  3. 1

    Bloomberg publishes investigation into World Liberty Financial

    Bloomberg's Olga Kharif and Annie Massa report on how Donald Trump Jr., Chase Herro and partners promoted an expansive vision for World Liberty Financial at a Manhattan launch event, while the venture's crypto ties enriched Trump even as its plans fell short.

    1. 1 outlet Trump Crypto Venture World Liberty Made Big Money as Plans Fell Short

      first by Bloomberg Markets, 1d ago

    • Trump’s Crypto Venture Got Rich While Big Promises Fell Short https://www. bloomberg.com/news/articles/20 26-09-22/trump-crypto-venture-world-liberty-made-big-money-as-plans-fell-short?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg

      bloomberg@flipboard.comMastodon1d agoview on Mastodon ↗

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