moguls

Trump-linked tech moguls launch Erebor Bank, betting hundreds of millions on crypto, AI, and defense

Regulators have approved a new bank backed by high-profile tech billionaires connected to the Trump administration. Erebor Bank, founded by Palmer Luckey and Joe Lonsdale with early backing from Peter Thiel’s Founders Fund and Haun Ventures, is targeting businesses in cryptocurrencies, artificial intelligence, defense, and manufacturing. “According to its banking charter application, Erebor’s target market …

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