Trump Calls Crypto Dangerous After Binance Hack and $1.4 Billion in Profits
Trump is calling crypto risky again, even as his own disclosure shows more than $1.4 billion in income from TRUMP and World Liberty Financial. The $6.3 billion Binance hack is adding more pressure to the debate over oversight and security.
Key Takeaways
- Trump again called crypto “a little dangerous” after the roughly $6.3 billion Binance hack.
- His 2025 disclosure shows more than $1.4 billion in crypto income, mostly from TRUMP and World Liberty Financial.
- The mix of the hack, political attention, and Trump’s ties to Binance is intensifying the debate over oversight and trust.
Donald Trump has said again that crypto is “a little dangerous,” even as his own financial disclosure shows he had more than $1.4 billion (€1.3 billion) in crypto income last year. He made the comment Friday at the White House, a day after Binance was hit by a hack of about $6.3 billion (€5.6 billion), the biggest crypto theft so far. The exchange later said it had set aside $6.34 billion in its own funds to cover the damage.
Trump Links Crypto to Risk
Trump was asked about the Binance hack and pointed to paper checks and old payment methods. According to him, people no longer see the money directly with digital payments, and that is why he has always seen crypto as “a little dangerous.”
That fits with his earlier comments. In 2019, he wrote that crypto is “not money” and would be “based on nothing.” In 2021, he called Bitcoin a scam, and later that year he again said crypto is a very dangerous thing. So the new comment did not come out of nowhere, but lines up with a view he has held for years.
His Crypto Income in 2025
At the same time, his 2025 disclosure shows where that income came from. The biggest item was $636 million (€569 million) from a licensing deal around the TRUMP meme coin, a token sold using his name and image. On top of that, he reportedly brought in another $515 million (€461 million) or more through token sales at World Liberty Financial, the crypto company he founded with his sons.
World Liberty Financial also issues USD1, a token meant to stay around $1 (€0.90). According to earlier reporting, most of it is on Binance. That makes the link between Trump’s crypto interests and the world’s biggest crypto exchange even more visible.
Why This Matters for Europe
The combination of a record hack, political attention, and major personal interests shows how closely crypto, regulation, and reputation are now tied together. For European readers, that matters because incidents at major crypto exchanges often also fuel the debate over security, oversight, and trust in the sector.
On top of that, Trump granted Binance founder Changpeng Zhao a pardon in October 2025, after Zhao pleaded guilty in 2023 in a money laundering case. The timing of that pardon and the recent hack are drawing extra attention to the relationship between politics and major crypto companies.
