Pablo Escobar’s Brother Says New Crypto Will Fund ‘Impeach Trump’ Effort

Having allegedly been blocked from fundraising on GoFundMe, the brother of deceased drug lord Pablo Escobar has launched a cryptocurrency apparently concentrating on the impeachment of U.S. President Donald Trump.

Revealed on a brand new web site,, the brand new token has been dubbed the ESCOBAR and is an ethereum ERC-20-based stablecoin it claims will likely be pegged to the U.S. greenback. The mission was based by Escobar’s elder brother, Roberto.

The web site additional claims:

“The token got here to existence as a device to lift cash for the Impeach Trump Fund trigger, the place a GoFundMe fundraiser was shut down and censored. Because of cryptocurrencies, there aren’t any boundaries to be censored!”

The mission is at the moment holding an ICO pre-sale of 200 million tokens, which launched Wednesday and runs till Might 10. Altogether the Escobar property hopes to promote 1 billion ESCOBARS, based on its white paper. By June, the web site claims, the stablecoin will likely be redeemable for {dollars} by way of an organization in Belize.

Olof Gustafsson, CEO at Escobar Inc., told The Subsequent Internet that the plan had been to lift $50 million by way of the GoFundMe marketing campaign they’d titled “ByeByeTrump.” However after their marketing campaign was blocked on the platform, they’d determined to right away launch the token, he claimed.

Gustafsson went on to say:

 “After elevating $10 million in simply 10 hours we had been shut down by GoFundMe and inside 24 hours launched the ESCOBAR stablecoin cryptocurrency to keep away from anybody censoring us once more. We imagine the Trump Administration [sic] or President Trump shut us down.”

The GoFundMe claims are but to be confirmed, mentioned TNW, though it printed a screenshot supplied by Escobar Inc. purporting to be the marketing campaign web page with $10 million donated.

On one other web site for its Trump impeachment marketing campaign, Roberto Escobar is brazenly described as the previous co-founder of the Medellín drug cartel alongside Pablo, “the place Roberto was once the accountant chargeable for over $100 billion in earnings.”

Escobar Inc. beforehand launched one other crypto referred to as dietbitcoin that appears to have flopped. The web site for gross sales of that token is at the moment classed by Google Chrome as a safety threat to guests.

Whether or not this newest cryptocurrency touted by the co-founder of a medication cartel will do any higher stays to be seen. Crypto buyers ought to, in fact, perform in depth due diligence earlier than investing in any coin.

Picture by way of Shutterstock.

Supply: Coindesk


Leave a Reply

Your email address will not be published. Required fields are marked *