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Dough Finance, a Florida-based DeFi platform, collapsed after a $2.5-million flash-loan exploit in July 2024. Its founders have since launched a new venture with high-profile backing, including support from Donald Trump.
- Dough Finance collapsed after a $2.5M flash-loan exploit in July 2024, halting operations.
- Founders Chase Herro and Zak Folkman rebounded with a new project endorsed by Donald Trump.
- The platform offered 'looping,' a high-risk DeFi strategy involving repeated borrowing of crypto.
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