Trump Family’s New Crypto Project Sparks Concern After Past Failure

Trump Family’s New Crypto Project Sparks Concern After Past Failure

4th September, 2024, Wyoming

The Trump family after the failure of their previous attempts are starting a new crypto project called World Liberty Financial, which is a lending and borrowing DeFi platform based on Aave and Ethereum. This can be seen as this project is quite similar to what they have done in Dough Finance that was vulnerable to a hack in July that saw the team lose $2 million.

When officially launched by Donald Trump and his sons, Eric, Don Jr. and Barron, the platform will include a governance token dubbed WLFI. However, the project has creates some controversy due to its resemblance to the previous project known as Dough Finance and the community is curious as to whether this project will go the same way.

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Published by

Deepshova

Deepshove is a crypto journalist at Bitmala, covering blockchain and cryptocurrency news with a focus on web3 trends and developments.

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