A months long probe traced token sales, corporate deals and blockchain flows to show who profited and who lost, revealing sharp disparities in gains and risks.

For years, Donald J. Trump adhered to a simple money-making principle: he lent his name to a product, company, or real estate project, often investing little of his own money, actively promoted it, and waited for profit. Since mid-2024, against the backdrop of the campaign for a second presidential term, Trump and his family applied the same approach to the dynamic world of cryptocurrency – and saw notable results.

The investigation aimed to determine how much money the Trump family earned on four major crypto projects, how much of their own funds were invested, and how…