Co-founder & CEO at Blocksee, data and connectivity for web3 and AI @blockseeAI , on Substack at https://xitter.cf/t.co/g1uthxw3z5
San Francisco, CA USA
Joined January 2008
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Eric Forst | AI + Web3 retweeted
šØ BREAKING:
Rep. Ted Lieu just said that the full Epstein files show and confirm allegations that Donald Trump raped girls.
Eric Forst | AI + Web3 retweeted
āThe regime is already using invented pseudoscientific justifications to grossly violate civil liberties...ā
Virologist @angie_rasmussen explains the Trump administrationās attempt to imprison Anthony Fauci and the dangerous precedent itās setting for the American people.
Eric Forst | AI + Web3 retweeted
PASTOR LORAN LIVINGSTON (@CentralChurchNC): āThere has never been a Christian nation, and never will be. You donāt live in one now. A Christian nation wouldnāt have killed and displaced 20 million Native Americans, or thought owning slaves was pleasing to God.ā
Eric Forst | AI + Web3 retweeted
A Louisiana resident named Marshawn didnāt hold back today and didnāt care who he offended with what he said. Heās right; this is MAGAās last gasp for air. The courage of these residents to speak out gives me hope for our future. #DemsUnited
Eric Forst | AI + Web3 retweeted
A man with no working truck convinced Wall Street he had built the next Tesla. His company hit $30 BILLION. All he did was push it down a hill with no engine.
> Trevor Milton founded Nikola in 2014, named after the same inventor as Tesla.
> The goal was to build hydrogen powered trucks that would make diesel obsolete. He had no trucks.
> In 2018 he released a promotional video called Nikola One In Motion. It showed a sleek semi truck accelerating smoothly down an open highway.
Investors went wild.
> What nobody knew was that the truck had no engine, no fuel cell, and no propulsion system of any kind.
> Milton's team towed it to the top of a hill, tilted the camera to hide the slope, and let it roll.
> He spent the next four years doing the same thing with words. On podcasts, television and social media.
> Investors were told Nikola could produce its own hydrogen. It could not. They were told the trucks were ready for production. They were not. They were told orders were flooding in. They weren't.
> In June 2020 Nikola went public. Within days the company was worth $30 BILLION, more than Ford.
> Milton's personal stake hit $7.3 BILLION overnight.
> A $32.5 MILLION ranch in Utah followed. A record for the state at the time.
> In September 2020 Hindenburg Research published a report calling Nikola "an intricate fraud" built on "an ocean of lies." Milton resigned within ten days.
> A federal jury convicted him of securities fraud and wire fraud in 2022. Sentenced to four years in prison the following year.
> He never went. He was free on $100 MILLION bail pending appeal.
> He and his wife donated $3.2 MILLION to Donald Trump's 2024 campaign.
> In March 2025 Trump gave him a full pardon. The pardon erased $168 MILLION in restitution to defrauded shareholders.
> Nikola filed for bankruptcy the following month, leaving thousands of investors with nothing.
The company never had a product. The only thing that was real was the $30 BILLION valuation, the $7 BILLION that landed in his pocket and the pardon that made sure none of it had to be returned.
Eric Forst | AI + Web3 retweeted
I have posted multiple confessions about World Liberty Financial over the past few days.
4 crypto products. 3 presidential pardons. $1 billion extracted. $3.87 billion in retail losses. 600,000 wallets. 110 footnotes. Every claim sourced. Every link cited.
The definitive accounting of the Trump family's crypto operation ā from the team page to the pardons to the stablecoin tollbooth to the $18.5 million dinner seat.
Every event unrelated. Now on substack š
Eric Forst | AI + Web3 retweeted
Trump extraction timeline
Built from the Gold Paper, White House orders, SEC actions, public disclosures, company statements, blockchain analysis, and major investigations including MASTR, WSJ, ABC, and Fortune.
12/16/2021
Melania entered the NFT business. The monetization phase had already started.
12/15/2022
Trump launched his first NFT trading cards at $99 each. Politics became digital merchandise.
12/2023
The Georgia mugshot became another product. The MugShot Edition tied 47 card purchases to a suit fragment and a Mar a Lago dinner invite.
08/27/2024
The āAmerica Firstā NFT collection followed. Buy 15 cards, get a piece of the debate suit. Buy 75, get a gala dinner. Brand loyalty was now a purchase tier.
09/16/2024
World Liberty Financial was unveiled on X Spaces. The Gold Paper later showed the structure plainly: 100 billion $WLFI, 30% to co founders, no profit rights for holders, 22.5 billion $WLFI plus 75% of net protocol revenue to DT Marks DEFI LLC, and 7.5 billion plus 25% to AMG and WC Digital Fi LLC.
The same documentās supporting team listed 12 people, including 4 Trumps and 3 Witkoffs.
10/15/2024
The $WLFI sale went live. Buyers quickly learned what the fine print meant: governance cosplay for the public, cash flow for insiders.
11/25/2024
Justin Sun entered with $30 million while facing SEC fraud pressure. He later said his total commitment rose to $75 million and became an adviser.
01/16/2025
Four days before the inauguration, a UAE linked firm associated with Sheikh Tahnoon signed a $500 million deal for a 49% stake in World Liberty. The deal did not surface publicly until February 2026. Months later came the chip approvals.
01/17/2025
$TRUMP launched 3 days before the inauguration. Only 200 million coins entered circulation. 800 million stayed with CIC Digital and Fight Fight Fight.
Within 2 weeks, estimates put trading fees at roughly $86 million to $100 million while about 200000+ Meteora wallets were already losing.
01/19/2025
$MELANIA launched and extended the family memecoin cycle. Both tokens later crashed hard from their early peaks.
01/19 to 01/20/2025
During inauguration days, World Libertyās fundraising accelerated toward nearly $300 million.
In January, the fine print also changed so the Trump side took control through a 60% stake in the controlling entity. The family position tightened as money rushed in.
02/26/2025
The SEC paused its civil fraud case against Justin Sun, citing public interest.
03/06/2025
Trump signed Executive Order 14233 creating the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. The government was now formally directed to hold BTC while the family was already deep in crypto.
03/24/2025
Trump Media partnered with Crypto com to launch crypto and āMade in Americaā investment products through Truth Fi.
03/25/2025
World Liberty announced USD1, backed by Treasuries, dollars, and cash equivalents, after raising more than $550 million from $WLFI sales.
03/28/2025
Trump pardoned BitMEX co founders Arthur Hayes, Benjamin Delo, and Samuel Reed. Gregory Dwyer and the BitMEX operating entity were cleared too. Another crypto legal burden vanished.
All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines cancelled.
03/31/2025
Eric Trump, Donald Trump Jr., and Hut 8 launched American Bitcoin. Hut 8 folded most of its mining operations into the venture for an 80% stake. America First? Hut 8 is canadian.
04 2025
MASTR, described as Abu Dhabi based, bought $25 million of World Liberty tokens.
04/23/2025
Trump offered the top 220 $TRUMP buyers a private gala dinner. By then, Chainalysis estimated the coin had already generated at least $350 million in fees for connected entities.
05/01/2025
USD1 was selected to close MGXās $2 billion investment in CZs Binance. The stablecoin stopped being a slogan and became a transaction rail. MGX is chaired by Sheikh Tahnoon.
05/12/2025
The dinner contest closed with $147.6 million in time weighted $TRUMP holdings across the top 220. Since launch,
592962 wallets had lost about $3.9 billion, while large holders dominated the upside.
05/22/2025
The dinner happened. More than half of the 220 holders were likely based outside the United States.
Justin Sun won first place with an $18.5 million wallet and posted a video from the Executive Office Building the day before. By then, the coinās operators had earned about $320.19 million in fees, more than 60 large wallets had made close to $1.5 billion, and about 600000 smaller wallets were down $3.9 billion. Presidential access had become a leaderboard prize.
05/27/2025
Trump Media announced a $2.5 billion raise to build a bitcoin treasury: $1.5 billion in stock and $1 billion in convertible notes.
06/14/2025
The public financial disclosure made the machine visible in numbers.
More than $600 million in income across crypto, golf, licensing, and other ventures.
Included were $57.35 million from World Liberty token sales,
$1.16 million from Trump NFTs,
about $216700 from Melania NFT licensing,
about $320 million in estimated $TRUMP fees,
and more than $400 million taken in by the family from World Liberty.
Add watches, sneakers, fragrances, and the Greenwood Bible.
06/25 to 06/27/2025
World Liberty said it was planning a stablecoin audit and a new app. Then Aqua 1, a UAE based fund with a minimal public footprint, announced a $100 million $WLFI purchase, becoming the largest publicly known investor at the time.
07/16/2025
Holders voted to make $WLFI tradable. The familyās token position moved one step closer to open market monetization.
10/23/2025
Trump pardoned Changpeng Zhao. Binance had already boosted the ecosystem by accepting USD1 for the MGX transaction. Several MASTR tweets about Binance-Trump- CZ deals went viral.
10/28/2025
Investigation estimated about $802 million in crypto income for the Trump organization in the first half of 2025 alone.
Roughly $463 million came from World Liberty token sales. About $336 million came from the $TRUMP memecoin.
01/07/2026
World Liberty sought a national trust bank charter focused on USD1 operations.
01/14/2026
Pakistan signed an agreement with a World Liberty affiliate to explore USD1 for cross border payments.
03/13/2026
World Liberty offered āguaranteed direct accessā to its business development team for investors willing to lock about $5 million in $WLFI.
Under the project terms, 75% of new token sale revenue flowed to the Trump family, so a $5 million buy effectively routed about $3.75 million their way.
That is the stack.
NFTs.
Mugshot monetization.
Debate suit monetization.
$WLFI extraction.
$TRUMP.
$MELANIA.
Inauguration week token frenzy.
USD1 stablecoin infrastructure.
Dinner access for whales.
American Bitcoin.
Truth. Fi and crypto ETFs.
Bitcoin treasury plays.
Foreign capital.
Pardons.
Pay for access.
It was and is a full extraction machine built around brand, office, access, loyalty, speculation, and political proximity.
I am glad people are finally waking up.
But the Witkoffs and the Trumps will keep going until they all end up behind bars.
Eric Forst | AI + Web3 retweeted
If there is precisely one thing you watch today, make it this. French Senator Claude Malhuret. A microphone. And the most magnificently savage dismantling of the Trump administration ever delivered in a language they almost certainly donāt speak.
He covers Iran. He covers corruption. He covers the kind of staggering, industrial-scale incompetence that would get you fired from managing a car park. And he does it with the calm, unhurried certainty of a man who has read every page of the indictment and found it, if anything, worse than expected.
France has never pretended to like these people. But this is contempt elevated to an art form. The kind of refined, aristocratic disdain that takes centuries of civilization to produce and approximately ninety seconds to deploy.
Malhuret sounds like he is four seconds from the button. Not out of panic. Out of sheer, exhausted disgust.
Honestly? Understandable.
Watch it. Share it. The adults are speaking.
Gandalv / @Microinteracti1
Eric Forst | AI + Web3 retweeted
Donāt know about you, but Iām buying what Jared Huffman is selling.
Itās a pity Republican lawmakers have decided lunacy is the new sensible and stupidity is the new smart.
š„ TikTok - vm.tiktok.com/ZNRSjUKwn/
Eric Forst | AI + Web3 retweeted
Chris Cuomo asked Alexandria Ocasio-Cortez how we pay for Medicare for All, tuition free college, and the green new deal. It gives people sticker shock. Her answer:
āPeople talk about the sticker shock of Medicare for All, but they do not talk about the sticker shock of our existing system. In a Koch brothers funded study, it shows that Medicare for All is actually much cheaper than the current system.
Let's not forget that the Supreme Court upheld the Affordable Care Act because they ruled that each of these monthly payments that everyday Americans make is a tax. We pay it every single month. (Or we pay at tax season if we don't buy plans off of the exchange.)
Americans have the sticker shock of healthcare as it is. Why aren't we incorporating the cost of funeral expenses of those who die because they can't afford access to healthcare? That is part of the cost of our system. Or the cost of reduced productivity because of people who need to go on disability or are not able to participate in our economy because they don't have access to the healthcare that they need?
At the end of the day, we see that this is not a pipe dream. Every other developed nation in the world has this. Why can't America? And that is the question we need to ask.
We write blank checks for war. We just wrote a $2 trillion check for the GOP tax cut. And nobody asks how are we going to pay for it.
So my question is why are our pockets only empty when it comes to education and healthcare for our kids? Why are our pockets only empty when we talk about 100% renewable energy that is going to save this planet and allow our children to thrive?
We only have empty pockets when it comes to the morally right things to do. But when it comes to tax cuts for billionaires or unlimited war, we seem to be able to invent that money very easily. To me it belies a lack of moral priorities that people have right now, especially the Republican Party.ā
Eric Forst | AI + Web3 retweeted
Here is Sharyn Alfonsiās email to her ā60 Minutesā colleagues in full:
Eric Forst | AI + Web3 retweeted
1/5 We may finally know why Trump has been betraying the United States to push Russian interests over American ones.
The newly published Epstein emails reveal something explosive
Eric Forst | AI + Web3 retweeted
Dear @POTUS,
I voted for you three times.
I worked two of your presidential campaigns.
I lost family over my support of you.
I lost friends over my support of you.
I lost business opportunities and clients due to my affiliation with you.
But the gaslighting stops now.
For you to stand up there last night and say that we are in the "golden era" and that America has never been better when we have members of our military going to food banks due to the Epstein shutdown and we are in the midst of the worst job market since 2008 is a slap in the face to the American people who believed in you, fought for you, voted for you and wanted more than anything to believe you when you promised to Make America Great Again.
Children are starving due to no fault of their own. Senior citizens are going without their medications just so they can afford to eat.
Politely shut the fuck up.
We see you.
