Elon Musk's Crypto Holdings Under Scrutiny Amid Rumors of Secret Bitcoin Sales

Trump World Liberty Financial Denies Selling Ethereum

Trump World Liberty Financial, a company founded by former Trump Organization executive Michael Cohen, has denied allegations that it sold Ethereum to a Chinese investor.

According to reports, the company sold 1,000 Ethereum coins to a Chinese investor for $1 million, but Trump World Liberty Financial has denied the claims.

"We have not sold any Ethereum, nor do we have any plans to do so," said a spokesperson for the company. "We are focused on our core business and have no involvement in the cryptocurrency market."

The allegations were first reported by The Daily Beast, which claimed that the company had sold the Ethereum coins to a Chinese investor in exchange for a $1 million payment.

The news has sparked concerns about the potential impact on the cryptocurrency market, with some investors expressing concerns about the potential for manipulation and fraud.

Trump World Liberty Financial has been involved in several controversies in the past, including allegations of embezzlement and fraud. The company has denied all allegations and has not been charged with any crimes.

The company's denial of the allegations has been met with skepticism by some, who have called for further investigation into the matter. The controversy has also raised questions about the transparency and accountability of the cryptocurrency market, with some calling for greater regulation and oversight.

In the meantime, the cryptocurrency market remains volatile, with prices fluctuating wildly in response to the news. Ethereum, in particular, has seen a significant decline in value, with some investors pulling out of the market in response to the allegations.