Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Thursday, June 20th, and today we are talking about a wild hacker bounty, strange situation that you will not want to miss.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod.

All right, friends, well, today our main story is a very weird situation between SurTick and

Krakken, but I did want to do just a couple stories before that, one of which is an update on

something we covered earlier in the week. It has been a big few days for the newest Trump meme coin tickered DJT.

I mentioned the token launch earlier this week and all the speculation around whether

there was an official link back to the former president. At that point, Martin Schrelli,

best known as a farmer bro and now white collar crime expert, was heavily promoting the token

as being real and official.

Things escalated quickly on Tuesday, with legendary trader GCR asking Schrelli to put his money

where his mouth is, betting a huge amount that the meme coin wasn't approved by Trump.

GCR was very clear that he wanted to know whether Trump was directly involved, stating,

the only way this is quote-unquote real is if Donald J. Trump himself says he launched a

meme coin. I'm well aware there is a cabal strategy to bribe people in the Trump orbit to pretend

they had something to do with this when in reality a cabal of Crypto whales did a presale

and an allocation to KOLs. Arkham Intelligence later announced a bounty for anyone who could identify

the dev. On-chain analyst, Zach, XPTBT quickly chimed in that he had the proof that they

were looking for, at which point Schrelli quickly fired up at Twitter spaces and claimed that he

co-created the coin in collaboration with Baron Trump. Zach XBT went on to fill in the details.

He published messages between Andrew Tate and Schrelly showing that Tate was approached by Baron

...