In July 2024, Dough Finance, a DeFi platform specializing in leveraged ‘looping’ strategies, was hacked via a flash-loan exploit, losing $2.5 million in user funds. The breach forced the Florida-based project to shut down. Founders Chase Herro and Zak Folkman, who had promoted high-risk crypto strategies, later resurfaced with a new initiative backed by former President Donald Trump. The incident highlights the vulnerabilities in DeFi protocols and the risks of complex yield-farming tactics like looping, where borrowed crypto is repeatedly reused to amplify returns—and losses.
about Dough Finance Hack: $2.5M Lost, Founders Rebound with Trump BackingChase Herro
0 posts last weekSenator Blumenthal Probes Trump-Linked Crypto Firm
Sen. Richard Blumenthal (D-CT) has accused World Liberty Financial, a DeFi project with ties to the Trump family, of failing to adequately address a Senate inquiry into its business practices. The firm, which raised $550 million in a token sale and launched its own stablecoin, is under scrutiny for potential violations of the foreign emoluments clause and other laws. Blumenthal highlighted concerns over President Trump’s financial entanglements and the firm’s $2 billion UAE-backed deal, calling for transparency. World Liberty’s attorneys dismissed the inquiry as flawed but did not address key questions about Trump’s involvement or foreign government dealings. Meanwhile, House Democrats are also investigating the Trump family’s crypto ventures, demanding access to suspicious activity reports from the Treasury.
about Senator Blumenthal Probes Trump-Linked Crypto FirmPakistan & WLFI Partner to Boost Blockchain & DeFi Growth
The Pakistan Crypto Council (PCC) and World Liberty Financial (WLF) signed a Letter of Intent (LOI) on April 27 to accelerate blockchain adoption, DeFi expansion, and stablecoin usage in Pakistan. Key objectives include regulatory sandboxes for safe blockchain experimentation, asset tokenization, and enhancing stablecoin utility in trade and remittances. The partnership, backed by high-profile attendees including Finance Minister Muhammad Aurangzeb and Binance’s ex-CEO Changpeng Zhao (now a PCC advisor), aims to position Pakistan as a leader in digital finance. With over 25 million crypto users and a young, tech-savvy population, Pakistan is poised for rapid Web3 growth. The collaboration seeks to align Pakistan’s regulatory framework with global standards while fostering financial inclusion and innovation.
about Pakistan & WLFI Partner to Boost Blockchain & DeFi GrowthTrump-Backed Firm to Boost Pakistan’s DeFi and Crypto Adoption
World Liberty Financial, supported by Donald Trump, has signed a Letter of Intent with Pakistan’s Crypto Council to accelerate crypto adoption through regulatory sandboxes, stablecoin applications, and real-world asset tokenization. The partnership, attended by Pakistan’s central bank governor and finance minister, seeks to leverage the country’s young population and booming crypto market, which ranks ninth globally in adoption. Meanwhile, Pakistan’s Federal Investigation Agency has proposed a crypto regulatory framework to address security concerns, marking a shift from its previous anti-crypto stance. The framework, set for a phased rollout from 2026, aims to balance innovation with compliance. Former Binance CEO Changpeng Zhao has also joined as an adviser to the Council, signaling Pakistan’s push for blockchain leadership.
about Trump-Backed Firm to Boost Pakistan's DeFi and Crypto AdoptionWorld Liberty Financial Launches Strategic Token Reserve to Support Major Cryptocurrencies
World Liberty Financial (WLFI) has launched the Macro Strategy, a strategic token reserve aimed at supporting major cryptocurrencies like Bitcoin and Ethereum. This initiative seeks to enhance stability, foster growth, and build trust while forming partnerships with traditional financial institutions to contribute tokenized assets. The Trump family, which holds a 60% stake in WLFI, is increasing its investments in the crypto market, with the company currently managing nearly $39 million in crypto assets, primarily in Tron and USDC.
about World Liberty Financial Launches Strategic Token Reserve to Support Major CryptocurrenciesTrump Family’s World Liberty Financial Expands Ether Holdings by 10 Million Dollars
World Liberty Financial, linked to the Trump family, has purchased an additional $10 million in Ether, raising its total holdings to 66,239 ETH, valued at $225 million. This follows a series of significant crypto acquisitions, including Wrapped Bitcoin and Chainlink, as the platform expands its financial services. Despite the buying spree, the Ethereum community is facing leadership debates, and ETH’s performance has been lackluster this January, with hopes for improvement in the coming months.
about Trump Family's World Liberty Financial Expands Ether Holdings by 10 Million DollarsTrump-Linked DeFi Platform World Liberty Financial Acquires 100 Million in Crypto
World Liberty Financial (WLF), a DeFi platform linked to Donald Trump, made headlines by purchasing over $100 million in cryptocurrency on Inauguration Day, including significant amounts of Ether and wrapped Bitcoin. The platform’s total holdings reached $326.2 million, with notable acquisitions of smaller tokens and the launch of Trump-branded memecoins. The Trump family’s involvement has sparked both interest and debate within the cryptocurrency community regarding the intersection of politics and digital finance.
about Trump-Linked DeFi Platform World Liberty Financial Acquires 100 Million in CryptoEthereum Foundation transfers 50000 ETH to new multisig wallet for DeFi plans
The Ethereum Foundation has transferred 50,000 ETH to a new 3-of-5 multisig wallet to engage in the decentralized finance (DeFi) ecosystem, utilizing the Aave protocol for the test transfer. This move follows Vitalik Buterin’s comments on exploring staking options to avoid further ETH sales amid criticism of the foundation’s offloading of its holdings. In a related development, the World Liberty Financial (WLFI) project, linked to Donald Trump, invested $100 billion in various cryptocurrencies, including $47 million in Ethereum, coinciding with the momentum of WLFI token sales ahead of Trump’s inauguration.
about Ethereum Foundation transfers 50000 ETH to new multisig wallet for DeFi plans