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Pablo Escobar’s estate launches cryptocurrency to impeach Trump

Pablo Escobar’s estate launches cryptocurrency to impeach Trump

The elder brother of late drug kingpin Pablo Escobar is launching a new cryptocurrency in a bid to boot US President Donald Trump from office.

Less than a day after having a $50 million crowdfunding campaign for its Impeach Trump Fund pulled by GoFundMe, Escobar Inc., is running an initial coin offering (ICO) for a stablecoin pegged to the US dollar, aptly named ESCOBAR.

The move is primarily to ensure that no centralized platforms are able to further censor the fundraising efforts of the Escobar estate, which is pledged to be focused almost entirely on dethroning Trump.

The estate also aims to compete with the world’s most popular stablecoin, Tether (USDT), which Escobar Inc. says is untrustworthy.

Escobar Inc. says Trump shut down their GoFundMe

According to Escobar Inc., $10 million had been raised in just 10 hours in the leadup to the GoFundMe page going dark.

“Originally the goal was to raise $50 million just using the GoFundMe platform,” Olof Gustafsson, Escobar Inc. CEO told Hard Fork. “After raising $10 million in just 10 hours we were shut down by GoFundMe and within 24 hours launched the ESCOBAR stablecoin cryptocurrency to avoid anyone censoring us again. We believe the Trump Administration [sic] or President Trump shut us down.”

A screenshot shared with Hard Fork indeed shows the $10 million mark being reached, as well as a message highlighting that the ByeByeTrump campaign was being reviewed by GoFundMe admins.