Trump-Backed Crypto Platform Faces Scrutiny Over Insider Token Allocatio. A Staggering 70% Of World Liberty Financial Tokens Will Be Held By Insiders, White Paper Reveals.

Benzinga
Benzinga
  • 3 weeks ago
World Liberty Financial, a new crypto lending platform promoted by Donald Trump and his family, promises to return financial power to the people. However, a draft white paper obtained by CoinDesk reveals that 70% of the platform’s governance token will be held by insiders, raising questions about the platform's decentralization. In comparison, Ethereum allocated nearly 16% of tokens to insiders at launch. The project has attracted skepticism from industry experts and Trump supporters, with concerns over governance, potential hacks, and SEC scrutiny.

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