Trump Family Crypto Project Rocked by Raging Investor Revolt

Investors are fuming at the Trump family’s crypto operation over a move they say secretly set them up to potentially get ripped off.

World Liberty Financial, a cryptocurrency venture co-founded by members of President Trump’s family and his special envoy, Steve Witkoff, has been accused of secretly building controls that let insiders freeze investors’ funds.

Billionaire backer Justin Sun, who poured tens of millions of dollars into World Liberty in its infancy, called the project “a trap masquerading as a door” in a post on X on Sunday.

Sun has led the growing backlash over the project’s decision to use its own WLFI tokens as collateral on a lending platform to secure a $75 million loan. Critics argue the move could allow World Liberty to extract cash ahead of a major token unlock, potentially flooding the market with new supply and pushing the prices down.

The WLFI token has already lost more than half its value since a portion of its supply was freed up for trading last year. The token price has collapsed by around 80 percent from its all-time high price as a result of the collateral saga. (Read more from “Trump Family Crypto Project Rocked by Raging Investor Revolt” HERE)

Photo credit: Gage Skidmore via Flickr