Arkham Offers Bounty for DJT Token Creator
Arkham recently announced a $150,000 bounty for the identity of the DJT token creator. This announcement led to Martin Shkreli, known for his controversial business practices, claiming to be the creator. The crypto community has been abuzz with discussions and interactions on social media since this revelation.
At 11:49 P.M. UTC, ZachXBT, a prominent figure in the crypto investigative space, responded to Arkham’s bounty announcement by stating that he had submitted information for the reward.
“For those who are confused and need additional context. Earlier today Arkham announced a $150K bounty for the identity of the DJT creator. 11:49 pm UTC I reply to Arkham saying I submitted for the bounty.”
Martin Shkreli Enters the Scene
A few minutes later, at 11:57 P.M. UTC, Martin Shkreli sent a message to ZachXBT, followed by creating a Twitter Space where he claimed to be the creator of DJT.
11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli creates a spaces and announces he is the creator of DJT.
Significant trading activity ensued after Shkreli’s announcement, with large DJT insider verso.sol dumping $832,000 worth of DJT before the reveal, coincidentally also holding a significant amount of Shoggoth tokens related to Shkreli.
Legal Implications and Reactions
Adam Cochran from CEHV raised concerns about Shkreli’s potential legal troubles due to his parole terms. Cochran speculated on Shkreli’s offshore accounts, including the KuCoin account funding the DJT coin, being reported to the courts.
“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.’ 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.”
Shkreli dismissed these concerns sarcastically in a tweet, downplaying the allegations of insider trading and the fairness of the token launch.
“literally non issue what is the problem? some people get a jump on the launch of new tokens? NO WAY!!!!!!!!!!!!!!!! bust em, zach!”
Shkreli’s Response
Shkreli’s response to the criticisms was met with more skepticism and scrutiny from the crypto community. The saga involving high-profile individuals like Barron Trump, Andrew Tate, and Martin Shkreli has sparked intrigue and concern among stakeholders and observers.
Stay updated on the latest developments as this complex narrative unfolds in the crypto sphere.
