Pete Hegseth’s Crypto History | The Nation



Economy


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October 7, 2025

Does the Minister of Defense have unclaimed income from the company that he had previously advised?

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The Minister of Military operations Pit Hegset appeals to the meeting of military generals in Kantico, Virginia, last month.

(Andrew Harnik / Getty Images)

This week, a relatively unknown cryptocurrency company with some very high -level political ties will complete the multimillion dollars Mergers With another company, which can lead to the payment of funds of the Minister of Defense, Pete Hegset. On October 8, Inx Digital Company, a crypto -foreign, which is publicly trading in Canada, will finish be acquired Republic, other fintech companies. The transaction costs up to $ 60 million and will lead to direct money payments for all Inx token holders. After the merger, Inx will liquidate the money reserve fund in the amount of 34 million US dollars and distribute income to the owners of INX. Token owners, which is currently trading at a speed of about 35 cents, will receive a proportional part of $ 34 million.

Hegset can be among those holders of tokens awaiting surprise. In 2018, he was one of several people appointed in the advisory council of Inx, and April 2018 SEC Firing He said that “100,000 inx tokens were provided by g -no Pete Hegit.” Next year is another SEC feed He stated that Hegseth was given the opportunity to buy 100,000 Inx tokens for 0.01 dollars each. Data about open blockchain show that Crypto -Kitusel It is associated with distributed tranches of inx 100,000 tokens for a number of recipients. Some of these wallets still contain their tokens, which will cost about $ 35,000 at the current market price, not taking into account dividends from the fund of the reserve fund, which should be distributed among the owners of INX tokens.

In his last Report on the disclosure of financial informationSubmitted in December 2024, Hegset transferred millions of dollars of income and assets, including shares, royalties, performance, real estate and its salary of $ 4.6 million. USA from Fox News. He also listed the Coinbase wallet, which, according to the form of disclosure, contained bitcoin in the amount of up to $ 50,000. He did not mention that he owns which -liba other types of crypto -toxenes, although in the appearance at the exhibition of Jesse Waters Fox News on May 4, 2021, hegset “shank is sickening[d]“On the importance of Ethereum, another important tokens that is traded on the same blockchain on which the Inx tokens are placed.

“Hegset secretary is separated from all cryptocurrencies before taking office,” wrote the chief representative of the Pentagon Sean Parnell in a statement of NationThis will mean this field that the hegset was sold by Bitcoin, indicated in his form of disclosure of December 2024, along with any Inx or other tokens.

The republic admitted that she received a list of questions, but did not provide answers on the press time.

Hegset was a long -standing crypto buster, advertising Fox News tokens with his colleagues sometimes confused. “I am a crypto -gospel,” said Hegset on Fox Business on November 13, 2024. “I think this is the future.”

Current number


Cover in October 2025.

For at least four years, the Hheset Association with Inx was public, but at some moment it seemed to be partially hidden. In 2019, Hegset was transferred to Inx site as one of the members of the advisory council of the company. By November 2022, INX deleted a list of members of the advisory council.

October 1, 2020, without mentioning his relationship with the company, Hegset published On Twitter, praise and refer to a group of video shot in inx. “It is worth looking,” hegset wrote. “I really like their vision of future finances.” In the end, he deleted the tweet.

Hegset LinkedIn Profile mentions a number of jobs and accessories, but not in in. On Instagram, he follows the @inxlimited account. According to the Scraced Public Data from Telegram, a messaging application, popular among crypto traders, an account with the name @petehegseth was in a group called Inx Community.

In Inx there are branches in Canada, Delaware and other places, but the company was originally included in November 2017 in Gibraltar – the notorious tax shelter, which was the favorite of the crypto company. Its founder is an Israeli entrepreneur named Shai Datik, who did not answer the list of questions about his relationship with Hegsit and any work that the Minister of Defense may have completed for the company. The previous Datika company was a binary options company called Anyoption, which was based on Cyprus. Barnary options are an extremely risky, investment agreement with investments prone to fraud, which was prohibited in many jurisdictions, including Israel, which was once a center of practice.

In 2015, Canadian authorities issued Investor warning The fact that ANYOPTION, then doing business, under the forbidden name TOUROBOROS DROVINGATIVE, traded securities without a license in the country. Anyoption also received regulatory warnings in Argentina and Italy. In 2017, when the legal markets for trading binary options were reduced, Datika reached an agreement on uniting its company with Invest.com, a trading site managed by the leading Israeli crypto named Moshe Hogg, who soon became known as the leading crypto -minor of the district. Datika and Hogeg I sued each other In actions claiming that their former partner had made all kinds of malfunctions. Hogg was arrested by the Israeli police for his alleged role in Crypto -Moshenity for $ 290 million; His judicial persecution is still under consideration. Dataka continued to find Inx.

It is unclear how the Daty and Highs met or what experience of the Hegset, who described himself on Fox News as soon as a “crypto -anti -enthusiast”, will bring the company to the advisory council of the company. But if, as the Pentagon claims, Hegset got rid of all cryptocurrencies, including INX tokens, then he has long cashed the amount of tens of thousands of dollars for work. For a millionaire, Fox News is just money.

Jacob Silverman

Jacob Silverman is the author recently from “gilded rage: Elon Musk and radicalization of the silicone valley.” He is also the owner of “clear: the creation of musk”, a limited series of podcasts from CBC.

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