• 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

2 years 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

Metaplanet Strengthens Bitcoin Holdings with New Acquisition

chest

Metaplanet has recently acquired an additional 5,075 Bitcoin, further solidifying its position as one of the largest publicly listed Bitcoin holders in the world.

user avatarLucas Weissmann

Jamie Dimon Addresses AI's Impact on Jobs in Shareholder Letter

chest

Jamie Dimon addresses the impact of AI on jobs, acknowledging potential job losses while highlighting new opportunities in cybersecurity and AI development.

user avatarFilippo Romano

Bitcoin's 666,666th Block Sparks Curiosity with Biblical Message

chest

The Bitcoin community is buzzing over the 666,666th block mined on January 18, 2021, by BTCcom, which contains a biblical message referencing Romans 12:21.

user avatarEmily Carter

Higher Salaries Needed for Home Loans Amid Rising Prices

chest

Higher salaries are needed for home loans as rising prices make it difficult for many Americans to qualify.

user avatarTomas Novak

Federal Appeals Court Rules in Favor of Kalshi

chest

A federal appeals court in Philadelphia ruled that New Jersey cannot regulate Kalshi's prediction market under state gambling laws.

user avatarKaterina Papadopoulou

Shah Highlights Silver Narrative for Litecoin

chest

Crypto analyst Shah emphasizes the silver narrative for Litecoin, focusing on the LTC/BTC ratio and potential price movements.

user avatarMaya Lundqvist

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.