ZachXBT Unmasks Pharma Bro Martin Shkreli as TrumpCoin (DJT) Creator: Crypto Chaos and Potential Parole Violation

In the ever-turbulent world of cryptocurrency, where fortunes are made and lost in the blink of an eye, drama is never far behind. This time, the spotlight is on a controversial figure from the traditional finance world colliding head-on with the meme coin frenzy. Buckle up, crypto enthusiasts, because blockchain sleuth ZachXBT has just dropped a bombshell, revealing the mastermind behind the TrumpCoin (DJT) token: none other than the infamous ‘Pharma Bro,’ Martin Shkreli.

Who is Martin Shkreli and Why Should Crypto Care?

For those unfamiliar, Martin Shkreli isn’t your average crypto influencer. He’s a name synonymous with pharmaceutical price gouging and, subsequently, securities fraud. Remember the astronomical price hike of Daraprim? That was Shkreli. Convicted of securities fraud and conspiracy in 2018, he served time in prison and became a symbol of corporate greed. Now, he’s seemingly back in the headlines, but this time, it’s in the crypto domain. Why is this relevant to crypto?

• Reputation Risk: Shkreli’s involvement can tarnish the image of the DJT token and potentially the broader crypto space in the eyes of newcomers and regulators.
• Scam Concerns: Given his past, any project associated with Shkreli raises immediate red flags for potential scams or manipulative practices.
• Regulatory Scrutiny: His activities, especially if they involve financial irregularities, could attract unwanted attention from regulatory bodies to the crypto market.

The ZachXBT Expose: Unmasking the DJT Deployer

The drama unfolded when rumors began circulating that the DJT token was somehow affiliated with former US President Donald Trump. This speculation ignited a flurry of trading activity, typical of the meme coin mania we’ve witnessed. However, as ZachXBT revealed, the reality was far more twisted. In a tweet that sent ripples across Crypto Twitter, ZachXBT pointed directly at Martin Shkreli as the individual behind the DJT token deployment.

The deployer of $DJT is Martin Shkreli 😂 https://t.co/vzeOUBPSvu

— ZachXBT (@zachxbt) June 19, 2024

The $150,000 Bounty and Lightning-Fast Resolution

Adding another layer of intrigue, on-chain data platform Arkham Intelligence had earlier offered a substantial $150,000 bounty for anyone who could unmask the DJT deployer. Talk about high stakes in the world of crypto sleuthing!

🚨 $150,000 BOUNTY 🚨

Who deployed DJT?

We've placed a $150,000 bounty for onchain evidence proving the identity of the deployer of $DJT.

Submit evidence here 👇https://t.co/W6l6mjHS2g pic.twitter.com/eR6szVog73

— Arkham (@ArkhamIntel) June 19, 2024

In an almost unbelievable turn of events, ZachXBT responded to Arkham’s bounty announcement in mere minutes, claiming to have already submitted the necessary information to claim the reward. That’s how quickly the crypto world moves – and how sharp ZachXBT’s investigative skills are!

Shkreli’s Bold Claim: Barron Trump Collaboration?

Following ZachXBT’s expose, Shkreli didn’t shy away from the spotlight. Instead, he messaged the on-chain sleuth, boasting about having “over 1,000 pieces of evidence” to prove he created DJT in collaboration with Barron Trump, Donald Trump’s son. Yes, you read that right. Barron Trump.

Adding fuel to the fire, Shkreli then took to X Spaces for a public audio session, unequivocally stating his role as the creator of the DJT token. Whether this is bravado, a publicity stunt, or a genuine (albeit unlikely) collaboration remains to be seen. However, the crypto community is understandably skeptical.

Insider Dumping: Profit at the Expense of Hype?

ZachXBT’s investigation didn’t stop at just identifying Shkreli. He further revealed a concerning pattern of insider activity. The initial pump in DJT’s price, fueled by the rumors of Donald Trump’s involvement, was reportedly exploited by insiders who allegedly dumped a staggering $832,000 worth of the token. This classic ‘pump and dump’ tactic is a recurring issue in the less regulated corners of the crypto market, and this case seems to be no exception.

“Coincidentally also a large holder on Martin’s other project Shoggoth,” ZachXBT pointed out, suggesting a network of connected individuals potentially profiting from these schemes.

Enter CWR: The Telegram Admin with Ties

Another individual flagged by ZachXBT is CWR, identified as Cameron Roxborough. Roxborough was the administrator of the DJT Telegram group and, notably, an active member of Martin Shkreli’s Discord server. This connection further strengthens the link between Shkreli and the DJT project. Interestingly, as ZachXBT’s findings surfaced, Roxborough reportedly left both the DJT Telegram and Shkreli’s Discord server. Coincidence? Perhaps not.

Parole Problems for Pharma Bro?

Adding another layer of complexity, Adam Cochran highlighted Shkreli’s parole status. Having been released from prison in 2022, Shkreli is currently serving a 3-year parole term. According to Cochran, these terms mandate full financial disclosures and prohibit “any self-employment involving access to client money or investments.”

Some quick thoughts on the Martin Shkreli $DJT deployer situation.

He's on parole for 3 years, which started in 2022.

Parole terms require full financial statements.

Parole terms also require he avoid "any self-employment involving access to client money or investments."

So either he goes… https://t.co/oHh3Ww6lFw

— Adam Cochran (@adamscochran) June 19, 2024

Cochran raises critical questions:

• Parole Violation? Does Shkreli’s involvement with DJT constitute a violation of his parole terms, potentially sending him back to jail?
• Financial Disclosure: Did Shkreli disclose his crypto activities, particularly the offshore Kucoin account allegedly used to fund DJT, in his financial reports to the court?
• Barron Trump Defense? Is the claim of collaboration with Barron Trump a desperate attempt to circumvent parole restrictions by framing it as managing an investment opportunity on behalf of Trump’s son?

These are serious questions that could have significant legal repercussions for Shkreli.

What Does This Mean for DJT and the Crypto Space?

The revelation of Martin Shkreli’s involvement in TrumpCoin injects a heavy dose of skepticism and uncertainty into the project. Here’s what it could mean:

• Price Volatility: Expect significant price swings for DJT as the news sinks in and traders react.
• Trust Erosion: The project’s credibility is severely damaged by Shkreli’s association, potentially deterring long-term investors.
• Regulatory Scrutiny: This incident might attract further regulatory attention to meme coins and celebrity-linked crypto projects.
• Lesson Learned (Again): It serves as yet another reminder of the importance of due diligence and skepticism in the crypto market, especially when hype and celebrity endorsements are involved.

Conclusion: Crypto’s Wild West Continues

The saga of TrumpCoin and Martin Shkreli is a quintessential crypto story – a blend of hype, speculation, celebrity intrigue (or in this case, celebrity name association), and potential financial manipulation. ZachXBT’s swift and decisive expose highlights the crucial role of blockchain investigators in bringing transparency to this often opaque market. Whether Shkreli faces further legal consequences and what the future holds for DJT remains to be seen. One thing is certain: the crypto world continues to be a wild west, full of unexpected twists and turns, where even the most notorious figures from traditional finance can find a new stage for their antics. Stay vigilant, crypto traders, and always do your research!