Report Reveals Trump Family Now Holds Majority Stake in Crypto Company
- The Trump family now controls World Liberty Financial, replacing co-founders Folkman and Herro, with a 60% stake after raising US$550M via WLFI token sales since November.
- A change in governance was signaled by updated terms on the WLF website, shifting from mere support to full control, aided by connections through Steve Witkoff.
The good ol’ Trump family is tightening its grip on its decentralised finance (DeFi) platform World Liberty Financial (WLF), shortly after a funding round that raised a total of US$550M (AU$880M) through WLFI token sales.
Shortly after, co-founders Zak Folkman and Chase Herro were replaced as the platform’s controlling parties, according to a Monday report from…
