Analysis: Trump's World Liberty Financial used 5B of its WLFI tokens to borrow $75M from a platform its adviser co-founded; WLFI falls to an all-time low
CoinDesk Shaurya Malwa
Related Coverage
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- WLF token price plunges on $75M loan, token unlock plan Bitcoin Insider · Charles Thuo
- WLFI Crashes 13% To All-Time Lows Amid Growing Liquidation Fears For World Liberty Financial NewsBTC · Ronaldo Marquez
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- World Liberty Financial Borrows Millions on Dolomite, Defends WLFI Collateral Bitcoin News · Jamie Redman
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- Is Trump Backed a WLFI In Trouble? 5B Self-Collateral, $75M Borrowing Stirs Controversy CoinGape
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- World Liberty Financial Borrows $75 Million Against Its Own Token on a Protocol Its Advisor Co-Founded Unchained
- Trump's World Liberty Financial Makes FTX-esque Move, Borrows Against Its Own Crypto Token Gizmodo · Mike Pearl
- WLFI Crypto Price Plunges 83% as the Project Faces Loan Controversy The Coin Republic · Rupam Roy
- World Liberty defends borrowing position on Dolomite, dismisses liquidation concerns as ‘FUD’ The Block · Timmy Shen
Discussion
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@chooserich
Nick O'Neill
on x
Don't worry! We repaid part of the debt we borrowed from our investors (which we shouldn't have borrowed in the first place)!
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@worldlibertyfi
@worldlibertyfi
on x
2 days ago we repaid $15M USD1 on our WLFI Markets position. Today we repaid another $10M USD1. Thank you for your attention to this matter. https://etherscan.io/... https://etherscan.io/...
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@zacheverson.com
Zach Everson
on bluesky
Sounds bad! — “The maneuver, involving WLFI using its own governance token to borrow its own USD1 stablecoin from a protocol advised by a World Liberty Financial insider, has sparked concerns about circular economics and the use of user-funded pools to finance a single insider …
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r/CryptoCurrency
r
on reddit
Trump's World Liberty Financial uses 5 billion WLFI to borrow $75 million from a platform its advisor co-founded