Trump Family Seizes Control of World Liberty Financial: A Crypto Power Play!

From Co-Founders to Trump Takeover

Hold onto your hats, folks! The Trump family has just pulled off a major coup, snatching control of World Liberty Financial and raking in a hefty chunk of the platform's revenue from token sales and future fees. Talk about a power move!

Behind the Scenes: The Trump Family's Stealthy Acquisition

Get this: according to a bombshell report, two of WLFI's original co-founders, Zak Folkman and Chase Herro, were unceremoniously booted out and replaced by a Trump family-controlled organization. In a slick January 2025 maneuver, the Trump family's company, DT Marks DeFi LLC, grabbed a whopping 60% share of the platform through a new holding company, WLF Holdco LLC. Sneaky, right?

The Trump Family's Lucrative New Venture

These under-the-radar changes have flipped WLFI's ownership and leadership on its head. The Trump family now holds the reins to 60% of the company's operating profits once the platform goes live, and they're set to pocket a staggering 75% of the token sales revenue. Cha-ching!

The Price Tag: $400 Million and Counting

Brace yourselves, because the Trump family is expected to walk away with a cool $400 million from the funds raised. And get this: out of the $550 million raised so far, only a measly 5% will be left for platform development after the co-founders take their cut. Talk about a raw deal!

WLFI's Mission: Blockchain Banking Without the Banks

World Liberty Financial burst onto the scene in 2024 with a bold mission to revolutionize finance using blockchain tech and cut out the middleman banks. They raised cash by selling WLFI, their governance token that lets holders vote on platform decisions, including a hefty $75 million investment from none other than Tron founder Justin Sun. But now, with the Trump family at the helm, things are about to get interesting.

Decentralized Dreams, Centralized Concerns

Despite WLFI's lofty goals of decentralized finance, the platform's new governance structure is raising some serious eyebrows. Critics are sounding the alarm, arguing that the Trump family's political clout could lead to some major conflicts of interest. Plus, it's putting a serious damper on outside investors' ability to get a piece of the action.

The Trump Family's Crypto Empire Expands

But wait, there's more! The Trump family isn't stopping at WLFI. Eric and Donald Trump Jr. are diving deeper into the crypto world, teaming up with Hut 8 to launch American Bitcoin, a Bitcoin mining biz. The Trump bros own 20% of the venture, while Hut 8 holds the other 80%. Looks like the Trumps are building a crypto empire, one power move at a time!