An exclusive probe uncovers the mechanics behind high-profile token launches and unusual profit flows tied to public figures. Expect surprising details and witness accounts.

In January 2025 the crypto boom swept the United States: Donald J. Trump was preparing to return to the White House, and rumors about his own crypto issuance seemed either to be a gigantic trick or a real financial risk. It was then that Fatime Elrgdavi learned of a message from his presidential opponent, allegedly promoting the launch of his own cryptocurrency – “GET YOUR $TRUMP NOW.” She recalls: “Oh, my God, this is brilliant.”

She adds that if Trump were truly connected to the project, it could be considered legitimate investment. So Fatime, a…