Melania Trump Denies Claims That She Bought Her Own NFT

Melania Trump refuted claims that an investigation revealed that the winner of her NFT auction bid could have been traced back to its creators. Investigative investigations have shown that the cryptocurrency used for purchasing the NFT was purchased from the same wallet that listed the token up for sale.

Melania Trump’s Failed NFT auction

In December, Mrs. Trump had announced the launch her NFT platform. She also listed a list of NFTs on her newly launched website. In January, Mrs. Trump unveiled the “Head of State” Collection 2022, which included the wide-brimmed, white hat she wore during her 2018 visit to France with President Emanuel Macron. Also included was an NFT, and a watercolor rendering of her. The whole piece was listed together at 1,800 SOL (around $250,000. at the time).

The auction fell on the same day as the 2022 crypto market plunge, which was unfortunate. Five bids were received. The winning bid for 1800 SOL was $162,144. This is because the value of SOL had fallen by 40%. Her website soon published her bid history. It included the wallet address for the winning bid.

Crypto Sleuth Unlocks Convoluted Transaction Chain

Motherboard, a crypto analyst company, reviewed the Solana blockchain records as well as the bid history posted on the website. They shared their findings with “zachxbt,” a pseudonymous independent Blockchain sleuth. In a series tweets, the latter revealed how the funds used for the purchase of the NFT could be traced back the same wallet address that created it. Their tweets summarize that the NFT winner received funds directly from the NFT creator, and funds were returned to the address associated with the NFT creator.

Trump Refuses Clarification, Denies Claims

The office of the former First lady responded to these inquiries by stating,

“The nature and operation of Blockchain protocol are completely transparent. The public can see every transaction on the blockchain. The transaction was initiated by a third party buyer.

Experts question this claim, citing a number of discrepancies. There are many questions raised by the bizarre chain of transactions that involved multiple wallets. One of the most important is: Why did creators of a public cryptocurrency auction allow the winning bid to be made, even though it was the minimum amount?

The former First Lady’s Office refused to disclose the identity of the buyer of NFT. They have not revealed why the complex transaction chain was created or how the NFT creator got the funds back.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://cryptodaily.co.uk/2022/02/melania-trump-denies-claims-that-she-bought-her-own-nft