World Liberty Financial borrowed its own stablecoin against its own token on a platform run by its own advisor and Justin Sun (WLFI biggest investor) just called it fraud.
 | Justin Sun put $75 million into the Trump family crypto project. They made him an advisor. Then they froze his wallet with no warning and no explanation. Today he published a statement saying WLFI embedded a backdoor blacklisting function in the smart contract that was never disclosed to investors. He called governance votes predetermined. He called the whole operation illegitimate. Meanwhile the team borrowed $75M in stablecoins against their own WLFI tokens on Dolomite, a platform co-founded by their own advisor. The USD1 pool hit 93% utilization. Other depositors cannot withdraw. Token is down 83% from ATH. 16 billion tokens are about to unlock into that market. The biggest investor is frozen. Down $70M. No recourse. Full sources here - https://www.stridentcitizen.com/p/world-liberty-financial-wlfi-backdoor-justin-sun-dolomite-loan [link] [comments] |
