Connect with us

Hi, what are you looking for?

Crypto News

Is Trump’s WLFI a Scam? 5B Self-Collateral, $75M Borrowing Stir Controversy

Is Trump’s WLFI a Scam? 5B Self-Collateral, $75M Borrowing Stir Controversy

World Liberty Financial (WLFI), a crypto project associated with the Donald Trump family, is involved in an escalating controversy. The team pledged approximately 5 billion of its own tokens to borrow approximately $75 million in stablecoins. Crypto critics say that this structure resembles circular financing. Onchain data indicates that WLFI transacted with self issued assets

The post Is Trump’s WLFI a Scam? 5B Self-Collateral, $75M Borrowing Stir Controversy appeared first on CoinGape.

You May Also Like

World News

US Secretary of State Marco Rubio will discuss the possibility of deporting suspected Tren de Aragua gang members to El Salvador in an upcoming...

Crypto News

Stablecoins:- India’s digital payments leadership is reshaping global finance. Yet, one layer remains stuck in inefficiency: cross-border transactions. Remittances and trade payments still rely...

Crypto News

In a recent interview, Ripple Co-founder Chris Larsen spoke on why he is backing Kamala Harris, despite the recent criticism. Notably, the blockchain firm...

Crypto News

Trends:- A former Find Satoshi Lab (FSL) leader Mable Jiang has announced the launch of a new social protocol project – called Trends. The...