Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

CoinDesk·

Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

60-second summary

A gold T1 phone, backed by nearly 600,000 deposits worth $60 million, has failed to deliver to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.

Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.