Trump’s WLFI partners left a cripple Dex Pirateado, pocketing millions instead of reimbursement of their victims.
Cryptocurrencies of the Trump family are once lower scrutiny due to their associations with the characters not saved. On Monday, May 19, Reuters published a report on the poor management of the poor management of World Liberty Financial Partners of an abandoned cryptocurrency exchange.
Zak Folkman and Chase Herro, two key figures in WLFI, were also founders or mass finance, a controversial platform that allowed the strongly exploited cryptography trades. The platform suffered a devastating hack in July 2024, resulted in a loss of users of $ 2.5 million.
Folkman and Herro acknowledged that the violation of a critical vulnerability in their code and initially promised to compensate the victims. However, only two months later, the couple launched WLFI along with the children of Donald Trump, Don Jr., Eric and Barron.
Folkman and Herro now face a demand related to the finance of the dough. In particular, an investor, Jonathan López, supposedly lost $ 1 million in cryptography in the hack.
Trump Wlfi under fire on your associations
Despite the controversy and the demand for aiming, Wldfi has continued to support Folkman and Rero. In a statement sent by email, Eric Trump, WLFI executive vice president, defended the couple and praised their performance.
“We are proud of the entire team. They have overcome our wild goals and our current trajectory is incredible.” Eric Trump, WLFI.
Folkman and Herro are not the only contentious figures linked to WLFI. The founder of Tron, Justin Sun, joined the company as an advisor in December 2024 after investing $ 30 million in the company. Sun has long been a controversial figure and has previously faced several investigations from the stock exchange and values.
Since Sun became an advisor to WLFI, the SEC dropped his investigations on the sale of tokens Bittorrent and Rainberry Sun. This led Democratic legislators to demand investigation into Trump cryptocurrencies.
