WLFI the Trump family Crypto 'project' just lent WLFI tokens "currently valued" at ~$440M from their treasury, but there is obviously not enough liquidity to sell that many tokens so if they tried to sell the value would obviously crash. They then used the valued of their treasury tokens to pull $150M tokens from the platform, causing the platform to hold 50% of the value in WLFI. Users obviously seeing this as a major red flag are trying to get out and have reported either being unable to or having a hard time getting their funds back that they were 'staking for yield'.
Also worth noting the co founder of Dolemite is also a co founder of WLFI, raising serious concerns of the team performing an exit scam on Dolemite yield farmers
Has more details.
https://i.redd.it/teb403bj3gug1.png
Posted by GabeSter
8 Comments
if you staked your funds on dolomite you deserve this LMFAOOO
hahahahaha, oh wait, hahahahaha
So how much exposure does the tRump family actually have in this? Most of their schemes lose other people’s money.
It’s not a rugpull if you can freely do it anytime
why does the crypto space love Trump so much. he’s not going to make you money unless youre him.
Grifters got to grift.
Fuck around and found out. This is the founding out part.
It’s so fun what you can get away with when crypto is barely regulated