One of the most prominent investors in the Trump family's crypto company is now criticizing it [View all]

Source: msn


Story by Rob Wile • 5h

Justin Sun, among the largest investors in the Trump family’s primary crypto company, claims the company is misleading investors. It’s the most prominent instance yet of a crypto insider aligned with President Donald Trump calling out his family’s crypto dealings, which Democrats have said benefit from the president’s authority.

Sunday on X, Sun, a billionaire who is among the most recognizable figures in the crypto industry, accused the Trump group, World Liberty Financial, of setting up a system that grants company officials unilateral power over user accounts. That includes the ability to freeze them.

Sun alleges that his account has been subject to a freeze since September and that he has not been able to sell his holdings. According to analysis by the blockchain tracking group Bubblemaps, the value of the holdings Sun has allegedly been unable to move has declined by more than $80 million, to about $43 million. Sun has said he spent at least $75 million on World Liberty tokens, at one point becoming its largest investor.

“I have always been an ardent supporter of President Trump and his crypto friendly policy,” Sun wrote. However, he said, “this is the opposite of decentralization. This is a trap door marketed as an open door. I denounce the ongoing token scandals by the bad actors at WLFI.”.................


Read more: https://www.msn.com/en-us/money/markets/one-of-the-most-prominent-investors-in-the-trump-family-s-crypto-company-is-now-criticizing-it/ar-AA20Q4Zo?ocid=winp1taskbar&cvid=99221bce2f354463d752f4b065c898b7&ei=9

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umm... I would think this CEO would know these details before he invests?????


.............Sunday on X, Sun, a billionaire who is among the most recognizable figures in the crypto industry, accused the Trump group, World Liberty Financial, of setting up a system that grants company officials unilateral power over user accounts. That includes the ability to freeze them.

Link to tweet

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