Donald Trump's crypto project's white paper, token name and team leaked
Four team members listed in the World Liberty Financial whitepaper previously worked at Dough Finance, which lost $2 million in July. One of them also founded Date Hotter Girls LLC.
The whitepaper and other reports describe a lending and borrowing service strikingly similar to Dough Finance, a recently hacked blockchain app created by four people listed as World Liberty Financial team members. Other participants include Trump's three children (including 18-year-old Barron, identified as the project's "DeFi visionary"), financiers and e-commerce influencers.
According to a person familiar with the plans, the project will also include a new cryptocurrency: WLFI, a non-transferable governance token. A transfer restriction could make it difficult for speculators to trade the asset.
World Liberty Financial “brings the power of blockchain to the fore in an accessible way,” according to the white paper. While the app isn’t ready for release, a review of a now-deleted codebase on GitHub shows that the project — at least in its early stages — appears to have borrowed code directly from Dough Finance, which lost $2 million in the July hack. It’s not confirmed whether later iterations of the app contain that older code, and there’s no indication that vulnerabilities in Dough Finance’s code will appear in the new project’s code.
Zachary Folkman and Chase Herro — listed in the white paper as World Liberty Financial’s chief operating officer and its data and strategy lead, respectively — built Dough Finance.
Octavian Lojnita, who is responsible for the project’s smart contracts, also previously worked at Dough Finance, according to his online resume.
