The Curious Case of a $7 Million ‘Trump Lose’ Holding on FTX’s Balance Sheet

With crypto exchange FTX’s implosion triggering worries in the sector, Ken Griffin, the CEO of hedge fund Citadel, highlighted a curious item on the exchange’s balance sheet—a crypto token called TRUMPLOSE valued at over $7 million.
“You know, on the balance sheet at FTX there’s a line called ‘Trump Lose.’ And Sam was the second biggest donor of the Democratic candidates,” Griffin said during an interview with Bloomberg on Tuesday referring to FTX founder Sam Bankman-Fried. “Those are really, really ugly facts when you see a fraud of this nature having played out and you find no regulators were there to prevent it. That’s a really, really tough story.”…}