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    Trumps Krypto-Projekt hat gerade 50 Millionen US-Dollar gegen seinen eigenen Token geliehen und den Kreditpool zerstört

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    1. CriticalCobraz on

      **TL;DR:**

      World Liberty Financial (WLFI), a crypto project linked to the Trump family, recently borrowed $50.44 million in its own stablecoin (USD1) by using 3 billion of its governance tokens (WLFI) as collateral on its own lending platform, World Liberty Markets. This move pushed the lending pool’s utilization past 100%, resulting in negative liquidity, meaning the pool is technically insolvent until new funds are deposited or the loan is repaid.

      Critics highlight the circular nature of the transaction: WLFI controls the token supply, the stablecoin, and the platform, raising concerns about transparency, governance, and potential conflicts of interest, especially amid Congressional scrutiny. The purpose of the borrowed funds remains undisclosed, and token holders face risk if collateral is liquidated, further diluting the value of WLFI tokens. While WLFI claims backing by U.S. Treasuries (unlike Terra’s algorithmic model), the structure echoes risky practices that preceded past crypto collapses.

    2. mattcannon2 on

      Was it ever a secret that WLF was just bribes and money laundering to the orange man?

    4. Discokruse on

      This is FTX token’s downfall all over again. SBF tried to use FTT as collateral for loans and the brand counters at LedgerX called them out. The cards came crashing down within 90 days.

    6. Vinral on

      The Trumps are scamming people? Man if only we had decades of history to prove this was avoidable…

    7. ARoundForEveryone on

      No different than fiat…just shuffling money and value from one pocket to the other faster than most eyes can see. Maybe the pockets matter for this trick, maybe they don’t. I dunno. But the trick is not new.

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