đš Trump's Crypto Project Tied to $2M DeFi Hack and Former Pick-Up Artist đš
Donald Trump's upcoming crypto venture, World Liberty Financial, is stirring controversy before its official launch. Linked to the recent $2M hack of Dough Finance, key team members of this project have a questionable history. Hereâs what you need to know:
Hack Ties: Four team members, including Zachary Folkman and Chase Herro, previously worked on Dough Finance, which was hacked for $2M in July.
Pick-Up Artist Founder: Folkman, who registered a company called Date Hotter Girls LLC, has a history of selling pick-up artist seminars. He is now listed as World Liberty Financial's Head of Operations.
Trumpâs Involvement: Trump is the projectâs Chief Crypto Advocate, with sons Eric, Donald Jr., and even 18-year-old Barron Trump involved as key players.
WLFI Token: A new governance token, WLFI, will be part of the project. It comes with transfer restrictions, limiting speculative trading.
Dough Finance Code: Early project code seems to have copied Dough Financeâs software, though itâs unclear if the vulnerabilities were carried over.
Massive Paydays: Insiders are set to receive significant rewards from this venture, which is being backed by Trump's inner circle and various crypto influencers.
This venture signals Trumpâs shift in stance on crypto as he courts voters from the digital asset industry for his 2024 campaign.
Source: CoinDesk
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