Trump Family Crypto Project Rocked by Raging Investor Revolt [View all]

Investors are fuming at the Trump family’s crypto operation over a move they say secretly set them up to potentially get ripped off.

World Liberty Financial, a cryptocurrency venture co-founded by members of President Trump’s family and his special envoy, Steve Witkoff, has been accused of secretly building controls that let insiders freeze investors’ funds.

Billionaire backer Justin Sun, who poured tens of millions of dollars into World Liberty in its infancy, called the project “a trap masquerading as a door” in a post on X on Sunday.

Sun has led the growing backlash over the project’s decision to use its own WLFI tokens as collateral on a lending platform to secure a $75 million loan. Critics argue the move could allow World Liberty to extract cash ahead of a major token unlock, potentially flooding the market with new supply and pushing the prices down.

https://finance.yahoo.com/markets/crypto/articles/trump-family-crypto-project-rocked-113223539.html

Crypto's a scam. Trump family crypto even more so.