Crypto mogul who ate a $6.2 million banana gives Trump an $18 million payday
2 weeks, 6 days ago

Crypto mogul who ate a $6.2 million banana gives Trump an $18 million payday

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. TRON founder Justin Sun, who ate his $6 million conceptual-art banana after buying it at auction, said his company was committed to “making America great again” after buying into World Liberty Financial for $30 million. Prior to Sun’s involvement, World Liberty Financial had only sold roughly $24 million in tokens, falling short of a $30 million threshold that would allow a Trump-owned company to begin collecting “75 percent of net protocol revenues,” according to filings reviewed by Popular Information. Justin Sun — who bought Maurizio Cattelan’s conceptual banana art and then ate it — has pumped $30 million into a Trump-backed crypto venture Sun is also joining World Liberty Financial as an adviser, effectively making him business partners with the incoming president. The president-elect serves as World Liberty Financial’s “Chief Crypto Advocate,” while his oldest sons Donald Jr. and Eric are the company’s “Web 3 Ambassadors.” Trump’s 18-year-old son Barron Trump is the company’s “DeFi Visionary.” Through Sun’s purchase, Trump’s company was awarded more than 22 billion World Liberty Financial tokens, which are worth more than $300 million at its current sale price.

History of this topic

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