Researchers reviewed thousands of documents and dozens of interviews to trace token sales and transfers. Their findings reveal unexpected payouts and serious investor losses.

Over the years, Donald J. Trump followed a simple plan for enrichment: he branded a product or company by giving it a name, invested minimal personal funds, actively promoted the project, and waited for the money to come in. Since mid-2024, when he launched a campaign for a second term, Trump and his family applied the same approach to the dynamic world of cryptocurrency – and achieved impressive results.

As part of the investigation, it was determined how much money the Trump family earned from four major crypto projects, what share of their own funds they…