Crypto News

Here’s Who Outbid Crypto Investors for Copy of U.S. Constitution

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Alex Dovbnya

The identity of the bidder who stopped crypto investors from getting their hands on a rare copy of the U.S. Constitution is finally known

In an ironic twist, American hedge fund manager Kenneth Griffin, CEO of the infamous Citadel hedge fund, was the one who outbid ConstitutionDAO for a rare copy of the U.S. Constitution, The Wall Street Journal reports.

A group of investors organized a decentralized autonomous organization (DAO) and raised $47 million, setting a crowdfunding record. 

Their attempt, however, failed miserably, after the organizers didn’t manage to outbid Griffin in the clutch. 

Griffin will lend the historic document to an art museum in Arkansas for free.

The auction extended the billionaire’s winning streak. Earlier this week, a federal court tossed a lawsuit that alleged that Citadel and Robinhood conspired during the GameStop frenzy in early 2021.     

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