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February 27, 2025, 06:18:57 AM |
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A disturbing scandal has unfolded in the cryptocurrency world, with Nathan Browne at the center of allegations regarding his exploitation of Errol Musk, father of tech billionaire Elon Musk, in the controversial MUSKIT token project.
Nathan Browne is a business partner of Errol Musk in the MUSKIT cryptocurrency project. Even though Nathan Browne serves as tech consultant in this high-profile cryptocurrency venture, there is limited public information available about his qualifications or professional history.
The saga began when Errol Musk, in an act of kindness, helped Browne recover from significant gambling losses at a casino. This led to a long-standing relationship, with Browne remaining close to Musk. Nathan Browne has been seen with a luxury car at times, only for it to disappear later. However, Browne’s financial instability and questionable practices have now come to light, casting a shadow over their association.
Browne’s alleged scam reached its peak when he connected Errol Musk to the MUSKIT team for a token launch. The MUSKIT team launched the MUSKIT token on December 6, 2024, using the Pump.fun platform. Immediately after the launch, the team reportedly purchased a large amount of tokens and distributed them across hundreds of addresses. On December 14, they allegedly conducted a coordinated sell-off, estimated to have netted over $20 million in profits. The MUSKIT token experienced a dramatic pump-and-dump on February 5, 2025, raising serious concerns about potential fraud.
Errol Musk has now come forward with alarming allegations about Browne’s deceptive business practices. He stated:
“I knew that Nathan (X account @N8E_Browne) calls companies worldwide, claiming he knows me and my sons. They then pay for his travel to meet them. He presents himself as a representative of the Musk family just because he knows me. He’s been doing this for quite a while, but it hadn’t caused me any harm, so I never worried about it.
He asked me for my signature to use on all documents — which is scary. Nobody does that, but he said it was just for convenience. If it weren’t for that spike (of MUSKIT), I wouldn’t be concerned. Many media outlets interviewed me, and they called it (MUSKIT) a scam.”
The extent of Browne’s alleged deception became apparent during a meeting in Dubai, where the MUSKIT team reportedly treated Musk poorly, emphasizing their coverage of his travel expenses while offering him no compensation or tokens.
When confronted about the controversy, Nathan Browne responded dismissively, further implicating himself: “That’s life. The coin issuer @RashidAjamihis complained that he was promised the Musk family would tweet about MUSKIT. Since the family didn’t tweet, Errol didn’t receive any coins.”
Errol Musk has now distanced himself from the project, stating, “Any coin or token named ‘Musk Institute’ or anything similar is not affiliated with us.”
This incident serves as a stark reminder of the risks associated with celebrity-affiliated cryptocurrency projects and the importance of due diligence in the volatile crypto market. As investigations into the MUSKIT token and Nathan Browne’s activities continue, it appears that Browne may have orchestrated an elaborate scheme to exploit Errol Musk’s name and connections for personal gain.
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