Mark Cuban Warns Trump’s New Phone May Be a “Trojan Horse” for Crypto Scheme


Billionaire investor Mark Cuban sounded the alarm on what he believes is the real objective of the newly launched smartphone from Donald Trump: not mobile innovation, but cryptographic benefits.
The $ 499 “T1” T1 -colored system was unveiled on Monday by Donald Trump Jr. and Eric Trump as part of the Trump Mobile initiative, described as a patriotic alternative of American manufacturing operators. But Cuban, reacting on X (formerly Twitter), suggested that the real idea of my manufacture can be cooked in the software, not the hardware.
“I think the intelligent game they are probably playing is to put a cryptographic portfolio on the phone that operates WLF, $ Trump and their stable pieces,” said Cuban.
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WLF refers to World Liberty Financial, a crypto company would have been linked to the Trump family. Cuban, who has made a fortune in technology and was both critical and user of blockchain technology, suggested that the phone could be a gateway to a web 3 preloaded ecosystem on Trump, and transactional tools on Trump theme and transactional tools that generate income for the orbit of the president.
“All the transactions they can create generate fees for them,” he added. “There are so many ways to sell things and preload what they want.”
A crypto empire
Cuban speculations are involved in the midst of growing evidence that Donald Trump’s commercial interests quickly intertwine with cryptocurrency. Earlier this year, Trump launched his own meme piece, $ Trump, who at his peak in January reached a $ 70 billion scale. The media threshing of the play turned into serious money for the initiates. The data from the Chainalysis blockchain analysis company show that Trump donors – including family members and affiliate companies – have raised more than $ 350 million in negotiation costs.

Last month, the Trump family organized a private dinner for the best holders of Trump coins. NBC News said the average investment required to attend was nearly $ 1.8 million. On Monday, the same day, the T1 Phone was launched, Trump Media & Technology Group deposited with the dry to launch a Bitcoin and Ether Etf, offering a fund with 75% in Bitcoin and 25% in Ethereum. This decision marks a deeper push in the cryptography market, positioning the Trump brand not only as a political or technological actor, but also as a financial force in the decentralized economy.
The T1 smartphone: a front for web3?
While Trump Jr. presented T1 as a “true value” device and Eric Trump called it “revolution” in mobile technology, Cuban has raised valid questions about who really manufactures the device and where it is built. There is currently no clear answer.
“I just want to know who is doing them and where,” wrote Cuban on X.

The Trump Mobile website makes no mention of the integration of cryptography, highlighting only features such as wireless coverage, access to telemedicine, road assistance and, of course, the T1 smartphone itself. But Cuban theory – has largely shared cryptographic circles – suggests that the apparatus can act as a Trojan horse: once in the hands of supporters, it could be used to push users more deeply in the cryptographic economy supported by Trump.
Has political capital transformed digital assets?
The merger of Trump’s political capital with digital assets seems to be accelerating. The T1 device is marketed as a provocative challenge for large technologies and traditional mobile operators, calling on Trump’s base. But behind this message can be a much more lucrative ambition: building an integrated vertically ecosystem in which Trump’s loyalists spend, exchange and engage exclusively through tools and assets of the Trump brand blockchain.
The implications of such a strategy are deep. It would not only give Trump Financial Levier thanks to the transaction costs and the inflation of assets, but also potentially large parts of his financial network from regulatory surveillance by integrating it into decentralized technologies.
With $ Trump Coins already generating hundreds of millions of dollars and an ETF possible in the pipeline, the T1 phone could be the last element of the infrastructure – cryptographic access, political identity and financial transactions in a portable product.
Currently, Trump Mobile’s website is calm on everything related to crypto. But observers like Cuban believe that silence could be the real red flag.