Pablo Escobar’s brother to impeach Trump by using crypto

January 12, 2019
Darya Karatkevich

Even after death, Columbian drug lord Pablo Escobar has continued to make headlines. First with the Netflix original series, “Narcos,” Escobar’s name is popping up in the cryptocurrency world, but this time his money is being used with Robin Hood intentions. Escobar’s estate, Escobar Inc., is claiming that GoFundMe censored their crowdfunding campaign to impeach America’s president, Donald Trump.

Under the guidance of Escobar’s brother, Robert De Jesus Escobar Gaviria, Escobar Inc. created a crowdfunding page on GoFundMe titled, ByeByeTrump. Their initial goal was to raise $50 million in the hopes of using that money to impeach Donald Trump by legally obtaining information and intelligence on Trump, paying professional lobbyists and paying law firms to deal with communications and legal issues in Washington, D.C.

Within 10 hours of the ByeByeTrump page being online, people worldwide donated more than $10 million. This win for Escobar, Inc. was short lived because within 24 hours of the page’s existence, it was flagged for review and removed from the GoFundMe website.

After the GoFundMe page was removed, Escobar Inc. claimed that GoFundMe and the Trump Administration were attempting to censor their efforts of impeaching Donald Trump. In response, Escobar Inc. posted a message on the homepage of their website, stating “I am Donald Trump, I am the president of United States of America and I am scared of Pablo Escobar.”

Shortly after the crowdfunding page was removed from GoFundMe and the new website titled, Impeach Trump Fund, popped up, Escobar Inc. created a stablecoin named “ESCOBAR.” The stablecoin is linked to the U.S. dollar and as of currently, one ESCOBAR is equivalent to 25 cents in U.S. currency until June 1. Afterward, Escobar Inc. claims that the initial coin offering (ICO) will increase to the ratio of one ESCOBAR equalling one U.S. dollar. According to Escobar’s brother, their goal with using the ESCOBAR cryptocurrency is to deter censorship from happening towards their campaign of impeaching Trump again.

The ESCOBAR was based on Ethereum’s token platform of ERC20, which Escobar, Inc. claims makes the stablecoin is ensured to work with crypto wallets and other cryptocurrency exchanges.

Escobar Inc.’s new website Impeach Trump Fund allows people to donate directly to the Impeach Trump Fund by purchasing the ESCOBAR. Their mission is to impeach the 45th president by the end of 2019.

The website gives people the option of donating in multiple ways, such as by check to Escobar Inc.’s designated address in California or with several forms of cryptocurrency, such as Bitcoin, Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Litecoin, USDT, Tron, ZCash, Ripple, and Stellar, among others.

ESCOBAR is the first cryptocurrency to be financing a political effort of such a big scale as an impeachment. Will it open more uses for crypto in politics?

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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