- WLFI raised $590M in pre-sales, with Justin Sun investing $30M to boost confidence.
- World Liberty Financial denies acquiring Binance.US stake, dismissing media claims as politically driven misinformation.
- Changpeng Zhao refuted allegations of seeking a Trump pardon or discussing Binance.US deals.
World Liberty Financial (WLFI), a crypto project backed by Donald Trump, has pushed back against what it describes as politically motivated media coverage. It accuses major outlets like The Wall Street Journal and Bloomberg of attempting to undermine the crypto industry. WLFI remains committed to decentralized finance for millions worldwide.
World Liberty Financial emphasized its mission to democratize finance and build a decentralized financial system. The project asserted that the reporting from various outlets was not based on facts but was politically driven. “We are proud to partner with leading protocols and organizations advancing the blockchain space,” WLFI stated in response to media reports.
Allegations of Binance Deal and Trump Family Ties
The Wall Street Journal had reported that Trump’s family had allegedly discussed purchasing a stake in Binance.US. Binance founder Changpeng Zhao also influenced the Trump administration for pardon, the paper reported. Zhao refuted the claims and called the piece an attack on crypto and Trump.
Zhao refuted Bloomberg’s report linking Binance to WLFI, stating that Binance had no business dealings with the project or its stakeholders. He further clarified that Binance did not purchase any WLFI tokens. Both Binance and WLFI have denied any formal agreements for the acquisition of the stake.
Changpeng Zhao emphatically refuted any such deal involvement, declaring, “I have had no discussions of a Binance US deal with … well, anyone.” He also refuted claims of asking for a pardon from Trump, reiterating there had been no discussions or deals.
WLFI Denies $30M Binance Deal
World Liberty Finance has successfully sold close to $590 million worth of tokens in two pre-sales. It was for accredited investors only, and the WLFI token cannot be traded on any exchange as of this time. There has not been any announcement of when it would be listed for the general public.
Justin Sun, the founder of the Tron network, made the token sale of World Liberty Financial successful through his involvement. His $30 million contribution brought confidence to the project as it was initially received with skepticism due to it being associated with Trump and his family.
WLFI co-founder Zak Folkman underscored Sun’s belief in the project’s potential to revolutionize the crypto sector. He further noted that despite controversies around it, WLFI is dedicated to fulfilling its long-term goal of revolutionizing decentralized finance for tens of millions of users.
The negotiations with World Liberty Financial are reported to have begun last year as part of the efforts of Binance to restore its U.S. presence. Steve Witkoff, the Trump supporter who was behind the launch of WLFI, was reported to have been part of the negotiations. Both parties have denied any reported deals and direct business dealings.
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