Coin Edition -
- Shkreli’s a.k.a. Pharma Bro’s DJT token raises parole violation concerns.
- Shkreli claims Barron Trump involvement in DJT token.
- Shkreli’s parole restricts him from financial activities.
Crypto commentator Adam Cochran recently alleged on X (formerly Twitter) that Martin Shkreli, infamously known as “Pharma Bro,” may have breached the terms of his parole by creating a cryptocurrency token.
Cochran pointed to a condition of Shkreli’s release prohibiting self-employment involving access to client money or investments.
Shkreli’s 3 year parole terms require him to give full financial statements, and to avoid “any self employment involving access to client money or investments” (as well as avoiding other crimes)So either he goes to jail for fraud, or he managed an investment opportunity on… pic.twitter.com/BkVU33WcQI— Adam Cochran (adamscochran.eth) (@adamscochran) June 19, 2024
The narrative centers on the mysterious Solana-based DJT token. Initially, the community speculated about the token’s connection to Donald Trump’s son. Soon, with Arkham Intelligence’s offer of $150,000 to the real creator of the token, Pharma Bro identified himself as the token’s owner.
In 2017, Shkreli was found guilty of securities fraud and conspiracy, resulting in a seven-year prison sentence in 2018. He was released on a three-year parole in 2022 and transferred to community confinement.
Crypto sleuth ZachXBT provided a detailed view of the matter, explaining how and when Shkreli unveiled his role in the creation of the DJT token.
For those who are confused and need additional context. Earlier today Arkham announced a $150K bounty for the identity of the DJT creator11:49 pm UTC I reply to Arkham saying I submitted for the bounty11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ— ZachXBT (@zachxbt) June 19, 2024
According to ZachXBT’s post, the sleuth accepted Arkham Intelligence’s bounty, following which a tensed Shkreli messaged him privately, claiming to hold “over 1,000 pieces of evidence” for the DJT token creation.
Subsequently, Pharma Bro created a space on X and announced that he created the token in collaboration with Barron Trump. He also stated that he was unsure whether the Trump family would publicly support his claims.
Cochran added, “So either he goes to jail for fraud, or he managed an investment opportunity on behalf of Barron and goes to jail for violating terms of parole.”
While the revelation remained sensational, Cochran highlighted the legal complications of Shkreli’s move. While the court banned Shkreli from any financial involvement, the source of the DJT coin’s funding, reportedly connected to his offshore Kucoin account, is in question.
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