• 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

Ripple CTO Clarifies Escrow Rights Management

chest

Ripple's CTO David Schwartz explains the management of escrowed XRP and the implications for companies like Amazon regarding rights to future releases.

user avatarGustavo Mendoza

Rumors of Amazon's Secret Partnership with Ripple Resurface

chest

Recently, Digital Asset Investor reignited speculation about a supposed secret partnership between Ripple and Amazon involving billions of XRP tokens. This claim traces back to a 2015 document suggesting that Amazon holds a stake of 5 billion XRP locked in escrow. However, there is no official evidence supporting this claim, and both Ripple and Amazon have not confirmed any relationship regarding XRP ownership or escrow rights.

user avatarRajesh Kumar

The Role of Technology in High-Frequency Trading

chest

Technological advancements are crucial for achieving ultra-low latency in high-frequency trading, impacting arbitrage opportunities.

user avatarMiguel Rodriguez

Regulatory Scrutiny in Derivatives Trading

chest

Recent controversies highlight the need for regulatory oversight in high-frequency trading and derivatives markets.

user avatarLuis Flores

The Evolution of Arbitrage in Modern Markets

chest

Arbitrage strategies have evolved from simple risk-free trades to complex, high-leverage strategies that exploit market inefficiencies.

user avatarArif Mukhtar

Top Three Coins to Watch in the Evolving Blockchain Landscape

chest

Bittensor TAO, The Graph GRT, and Little Pepe LILPEPE are emerging as key players in the evolving blockchain landscape, each offering unique advantages.

user avatarMaria Gutierrez

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.