News Federal prosecutors have began looking into the case.
The federal government has begun to investigate a cryptocurrency linked to former Trump White House Strategist Steve Bannon Trump adviser Boris Epshteyn Sources familiar with the situation told The New York Times. The news follows an ABC News investigation.
The cryptocurrency — $FJB, which is the abbreviation of the vulgar MAGA expression “F— Joe Biden” — has seen its value plummet by 95% amid internal turmoil. This is likely due to the industry-wide downturn.
The $FJB was originally founded by Grant Tragni, along with two other co-founders. Bannon Epshteyn Acquired From the original lead creator in late 2021, along with two other co-founders, $FJB became a rejection of President Joe Biden Two MAGA influencers offered an alternative financial institution for conservatives. They also highlighted the fact that part the currency’s transaction fee of 8% would go to charity, such as the American Cancer Society. Wounded Warriors Project, Tunnels To Towers, Semper Fi Patriot Freedom Project.
However, according to a spokesperson from the Wounded Warriors Project, they have received no donations from $FJB since its inception in January 2021, prior to Bannon Epshteyn Inauguration December 2021. ABC News They had received only one donation from $FJB November 2021.
Some $FJB buyers continued to be identified. October 2022: A representative from $FJB acknowledged publicly during one of their weekly phone calls that an unspecified amount of money had been taken from accounts connected to the coin’s 8% transaction fees, with the funds now “missing.” Representatives they have yet to give details about the funds missing, citing an ongoing “internal investigation” “legal action.”
In A $FJB administrator stated that the weekly call was held in mid-February to address increasing frustration among online users.December 2022 “Boris [Epshteyn] is working on recovering our funds.”
Bannon Epshteyn ABC asked for comments but did not respond News.
Concerns The concern about missing funds and that the pledge to charity was not being kept increased with the decline in the value of the coin. Bannon Epshteyn Five months later, the coin remained silent. Then The company was briefly upset by buyers when a $FJB representative made an announcement in mid-FebruaryFebruary It was reported that the couple were planning to walk away from the project, but they rescinded the announcement in a matter of minutes. Soon after, Bannon Epshteyn They took to social media for a renewed commitment to $FJB support.
A person close to Bannon Epshteyn told ABC News last month, “Steve and Boris are fully committed to the $FJB community, and are
