World Liberty Financial Token Sales Added $660 Million to Trump Family Wealth
Bloomberg reported that undisclosed sales of tokens from the Trump family-backed World Liberty Financial project generated $660 million for the family. The sales brought the project's total contribution to the family's net worth to $1.55 billion.
indiatoday.intoday.inBloomberg reported Tuesday that undisclosed sales of tokens tied to the Trump family-backed World Liberty Financial project generated an estimated $660 million for the family. 9 billion tokens sold to private investors. Bloomberg cited an analysis of the project's governance statements and changes in tokenomics.
World Liberty Financial described the transactions as "white glove" sales but did not disclose further details. Trump family-controlled DT Marks DeFi LLC receives 75 percent of proceeds from the project's token sales.
55 billion to the Trump family's net worth, making it the largest contributor to the family's wealth, Bloomberg reported. 33 in September.
Financial is involved in a legal dispute with cryptocurrency billionaire Justin Sun. Sun sued the project last month, alleging unfair freezing of his tokens. World Liberty Financial filed a countersuit earlier this month, accusing Sun of defamation. World Liberty Financial did not immediately respond to a request for comment.
Key Facts
Story Timeline
4 events- September
WLFI token reached record price of $0.33.
1 sourceBenzinga - Last month
Justin Sun sued World Liberty Financial over token freeze.
1 sourceBenzinga - Earlier this month
World Liberty Financial countersued Justin Sun for defamation.
1 sourceBenzinga - Tuesday
Bloomberg reported $660 million from undisclosed token sales.
1 sourceBenzinga
Potential Impact
- 01
The project faces ongoing litigation with a major investor over token access.
- 02
Token value remains below previous highs, affecting investor returns.
Transparency Panel
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