Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term - Reuters
Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term Reuters
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Key People
Changpeng Zhao is the CEO of Binance, a leading cryptocurrency exchange.
Corey Caplan is a founder of the DeFi protocol Dolomite.
Former president of the United States known for his aggressive economic policies.
CEO of Binance in the Asia-Pacific region.
Lawyer for Changpeng Zhao.
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<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxQbmhobFdjakNzMldOSTVrVU83OFIwaTE1TlNCb0xXUGt2dVFIdjBUU3ZxRjVYQkUxR2tic1ZOanlxYV9WaFNVRDNJam5EYlFZOHBiY0pqdWgyV3VoT0l0YldXNl84Y21veGlnTmwwdGRHQ25YRXBfQ19aT3Q1SHgtWTNGWlJVbmdqNmlrZTQteHNYWjlNTFFBM3lTZk00aU1HcmozOWJvNVRhc1lRbjFUV25pQzFuUzBvLW9GY0dCbEpxSXVEVmU5LVB3?oc=5" target="_blank">Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term</a> <font color="#6f6f6f">Reuters</font>
World Liberty Financial, co-founded by President Trump and his sons, has proposed a new measure preventing early investors from trading 80% of their tokens for two years, followed by an additional two-year vesting period, effectively delaying full liquidity until 2030.
Justin Sun, World Liberty Financial’s largest investor, accused the Trump family of secretly freezing crypto tokens, as the WLFI token has fallen 76% from its peak, highlighting investor concerns over the project's practices.
World Liberty Financial's token reached an all-time low following reports that the company used its own tokens as collateral to borrow $75 million, raising concerns about self-dealing and market manipulation.
World Liberty Financial spent $10 million to buy back over 59 million of its own tokens, following a governance vote to use fees for token buybacks and burns, aiming to reduce circulating supply and potentially increase token value.
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