#wlfi
2 entries with this tag
Corruption & Grift
Trump's WLFI Team Borrows $150M USDC Against Its Own Token — 97.8% of Dolomite's Cap
Per Arkham research, Trump's World Liberty Financial team is lending $406.23M of its own WLFI tokens across 2 wallets — 4.99% of total supply and 97.8% of Dolomite's entire WLFI cap — and using that position to borrow $150M USDC against $400M of their own token. Real dollars out, self-issued token in.
Corruption & Grift
The "Spy Sheikh" Paid $500M for 49% of Trump's Crypto Firm, Then Got 500,000 AI Chips
Per the WSJ: Sheikh Tahnoon — UAE national security adviser, nicknamed the "Spy Sheikh" — paid $500 million for a secret 49% stake in World Liberty Financial, signed by Eric Trump four days before the inauguration. Months later, the U.S. approved 500,000 advanced AI chips per year to the UAE — a deal Biden had blocked. A fifth go to Tahnoon's own AI firm.