In an entirely unsurprising turn of events, MAGA has reinvented the Stasi on the blockchain – and it's absolutely hilarious.

ICERAID is a platform that promises users Solana-based tokens for reporting immigrants to law enforcement, that went viral through a feature on Laura Loomer last night.

Upload a pic of a suspected undocumented immigrant, get it verified by AI, and make an easy profit while "making America safe again" – or so ICERAID claims.

But investors are already asking for their money back.

Turns out that ICERAID held a token presale, and no one seems to have actually gotten any tokens.

In 2014, ICERAID founder Jason Meyer's broker license was permanently banned for misappropriating $700,000 of investor funds in an unregistered securities offering.

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