| Key Points: – World Liberty Financial rejected reports from Bloomberg and The Wall Street Journal alleging discussions about acquiring a stake in Binance.US. – WLFI has raised approximately $590 million through token sales, including $300 million in its first round and $250 million in a second round. |
World Liberty Financial (WLFI), a decentralized finance (DeFi) project linked to the Trump family, has strongly denied recent media reports.
The company labeled the coverage suggesting its involvement in discussions about acquiring a stake in Binance.US as politically motivated and damaging to the cryptocurrency industry.
World Liberty Financial Rejects Media Allegations as Politically Motivated
In a statement posted on X, World Liberty Financial criticized reports from The Wall Street Journal and Bloomberg, dismissing them as “unsubstantiated articles” and urging the public to disregard them. The company emphasized its role in the blockchain sector, citing strategic partnerships and its mission to democratize finance.
The controversy stems from reports claiming that Trump family members considered purchasing a stake in Binance.US, with alleged discussions coinciding with Binance founder Changpeng Zhao’s reported attempt to secure a presidential pardon following his 2023 guilty plea for violating anti-money-laundering laws.
Bloomberg and The Wall Street Journal, citing anonymous sources, suggested that WLFI had been involved in talks regarding the acquisition. Zhao has also denied these allegations.
Major Investors Back World Liberty Financial
Despite the controversy, WLFI has successfully raised significant funds through token sales. The project has secured approximately $590 million, according to data from ICODrops.
Its first token sale on Oct. 15, 2024, generated $300 million by selling 20 billion WLFI tokens at $0.015 each. A second round, announced on Jan. 20 due to high demand, offered 5 billion tokens at $0.05 per token, raising an additional $250 million by March 14.
Prominent crypto investors have shown interest in WLFI. Tron founder Justin Sun invested $30 million in the project on Nov. 25, 2024, acquiring 2 billion WLFI tokens at $0.015 each.
Web3Port, an investment platform, announced a $10 million investment in WLFI on Jan. 27, while venture capital firm Oddiyana Ventures disclosed a strategic investment in the project on Feb. 11, though the amount remains undisclosed.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Latest
Kaito AI Founder Suffers X Account Hack in Coordinated Crypto Market Manipulation Attempt
Press Release
Skipping Ondo Was a Painful Lesson—Qubetics’ ICO Opens a New Door to the Most Popular Cryptocurrency
