• 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

Surge in Whale Activity on Binance Amid Market Correction

chest

Surge in whale activity on Binance as large Bitcoin holders increase their movements, indicating potential market actions amid uncertainties.

user avatarLuis Flores

Ethereum Struggles to Maintain Above $2,000 Amid Market Uncertainty

chest

Ethereum is attempting to push back above the $2,000 level amid ongoing selling pressure and market uncertainty.

user avatarMiguel Rodriguez

ETH Denver Opens with Positive Vibes Despite Crypto Market Downturn

chest

The opening day of ETH Denver at the National Western Center saw a positive atmosphere among attendees, despite a downturn in cryptocurrency prices.

user avatarArif Mukhtar

Dogecoin Transitions from Bearish to Bullish Channel

chest

Dogecoin's price has shifted from a descending channel to an ascending channel, indicating a potential bullish trend.

user avatarMaria Gutierrez

Dogecoin Approaches Critical Price Level for Potential Trend Reversal

chest

Dogecoin's price is nearing a key horizontal zone that could indicate a significant trend reversal, according to crypto analyst NaBer.

user avatarDavid Robinson

Coinbase's Cryptobacked Loans Offer Liquidity Without Selling

chest

Coinbase's cryptobacked loans allow investors to access liquidity from appreciated assets without triggering immediate capital gains taxes.

user avatarJacob Williams

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.