$16 Billion in Fraud, $4 Billion in Phantom Charity, and 90 Days to Launch

DOJ fraud hits $16B, DAF transfers exposed, Somalia hunger doubles, Coinbase expands, and the $EAT Card locks a 60-day launch window.

$16 Billion in Fraud, $4 Billion in Phantom Charity, and 90 Days to Launch DOJ fraud hits $16B, DAF transfers exposed, Somalia hunger doubles, Coinbase expands, and the $EAT Card locks a 60-day launch window. February 28, 2026 WYDE Weekly | February 28, 2026 The fraud was everywhere this week. So were we. The DOJ's fraud section tracked $16 billion in intended losses , a record. $4 billion in charitable grants circled between DAF sponsors without reaching a single nonprofit. Trump cut 2.4 million people from SNAP, and Somalia's hunger doubled to 6.5 million . Meanwhile, Coinbase opened stock trading , MrBeast bought a bank , Wyoming surged past 49 states in LLC formations, and we locked a debit card, two exchanges, and a Q2 launch timeline. The Build: 90 Days Out $EAT Card. The first debit card that funds a meal every swipe. FDIC-insured. Visa and Mastercard everywhere. Interchange fees buy $EAT tokens through verified food bank partners automatically. Rewards redeemable as cash back or $EAT. Round-ups convert spare change into hunger relief. Banking partner embedded in universities and Greek life. 90 days to launch. Learn more 25K Merchant Network. Discounts at 25,000 businesses on day one. Post-to-Earn. White-labeled under $EAT. Earn for posting. Every post grows the network and funds meals. Exchanges. Two top-20 exchanges confirmed, roughly 8 million combined traders. Full PR, podcasts, homepage takeovers, trading competitions. Third exchange submitted on reputation alone. Market Makers. Three in negotiations for Uniswap and centralized partners. $EAT App. Card, merchants, social rewards, community. One mobile app. 💰 The Fraud Was Everywhere DOJ Fraud Section Tracks Record $16B in Losses: 2025 Crackdown The DOJ's fraud section tracked $16 billion in inte