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Trump-linked World Liberty crypto venture faces investor revolt
World Liberty Financial, a Trump family crypto venture, is facing an investor revolt that includes billionaire backer Justin Sun, who accused the project of secretly building controls that let insiders freeze token holders’ funds. Mr Sun, who poured tens of millions of dollars into World Liberty, called the project “a trap masquerading as a door” in a post on X on April 12. His denunciation adds to mounting criticism over a move by the project to deposit its own WLFI tokens as collateral on a lending platform and borrow US$75 million (S$96 million) against them. Critics say the manoeuvre could let World Liberty ... (full story)
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