• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trump Family Crypto Project Under Scrutiny: World Liberty Financial

user avatar

by Giorgi Kostiuk

a year ago

  1. The Problem Begins
  2. Past Connections
  3. Expert Opinions


    4. The launch of the Trump family's new crypto project, World Liberty Financial, has immediately sparked a wave of criticism and suspicion. Central to the controversy are the individuals involved in the project and their past.

    The Problem Begins

    Donald Trump's elder sons, Eric Trump and Donald Trump Jr., are 'ambassadors' of World Liberty Financial. However, the project has already faced accusations. According to CoinDesk, the company was formerly known as 'The Defiant Ones' and is linked to figures involved in a $1.8 million loss through Dough Finance.

    Past Connections

    The founders of World Liberty Financial, Zachary Folkman and Chase Herro, were previously involved in creating Dough Finance, which lost $1.8 million in a flash-loan attack. Recent posts by Trump on social media have drawn additional attention to the project.

    I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…Donald J. Trump

    Expert Opinions

    Many experts, like crypto venture capitalist and Trump supporter Nic Carter, express doubts about the project. He believes that the creation of World Liberty Financial is a mistake that could damage Trump's reputation and lead to legal troubles.

    This is a huge mistake. It looks like Trump’s inner circle is just cashing in on his recent embrace of crypto in a kind of naive way, and frankly it looks like they’re burning a lot of the goodwill that’s been built with the industry so far.Nic Carter

    The World Liberty Financial project raises a lot of controversies and accusations, which could seriously affect Donald Trump's reputation and that of his entourage. The situation's further development should be closely monitored.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

OG Whale Sells 600 Million in Bitcoin Amid Market Uncertainty

chest

Owen Gunden, a prominent Bitcoin holder, sells a significant portion of his holdings, raising concerns and interest among analysts.

user avatarTomas Novak

Bitcoin Faces Resistance Below 105,000 Amid Mixed Market Sentiment

chest

Bitcoin struggles to reclaim higher supply levels as it remains caught between cautious optimism and selling pressure.

user avatarKaterina Papadopoulou

Ethereum Faces Significant Price Decline and Resistance Challenges

chest

Ethereum's price has struggled to stay above $3,350, leading to a decline that saw it dip below $3,250 and form a low at $3,153. Key resistance levels are identified at $3,350 and $3,500, while initial support is near $3,200 and $3,150.

user avatarMaya Lundqvist

Bitcoin Resistance Levels Indicate Potential Recovery Challenges

chest

Bitcoin faces resistance at 102,200, with key levels identified for potential recovery.

user avatarLeo van der Veen

Cybercriminals Exploit Official Reporting Platform to Steal Cryptocurrency

chest

Cybercriminals in Australia exploit the official cybercrime reporting platform to impersonate federal police and steal cryptocurrency, prompting urgent warnings from authorities.

user avatarLi Weicheng

Massive Bitcoin Transfer Shakes Market

chest

A dormant Bitcoin wallet transferred 12,000 BTC to an exchange, causing a 2% drop in Bitcoin's price and raising concerns about market volatility.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.