The Trump family's latest business venture — originally pitched as a DeFi platform dubbed 'The Defiant Ones,” but has since been rebranded as World Liberty Financial — is fraught with controversy just

While Trump's eldest sons, Eric Trump and Donald Trump Jr., are "ambassadors" of World Liberty Financial, CoinDesk reports that the once "Defiant"

Donald Trump is at it again. This time, he’s launching a new crypto project called World Liberty Coin. But before you get too excited, there are a few things you should know.

First of all, Trump is no stranger to controversy. In fact, he seems to thrive on it. So it’s no surprise that his latest venture is already raising eyebrows.

Some people are concerned that the project is a scam. Others are worried that it will damage Trump’s reputation and electoral prospects. And still others are simply amused by the whole thing.

But one thing is for sure: World Liberty Coin is sure to be a hot topic of conversation in the coming weeks and months. So stay tuned!

Now, let’s get into the details of what we know so far about World Liberty Coin. According to the project’s website, World Liberty Coin is “a decentralized digital currency that empowers individuals around the globe.”

The coin is said to be “secure, private, and fast,” and it can be used “for everyday transactions, online payments, and more.” Sounds great, right?

Well, here’s the catch: World Liberty Coin is actually a fork of another cryptocurrency called Dough Finance. And Dough Finance was hacked earlier this year, resulting in the loss of $1.8 million in ETH and USDC.

So yeah, that’s not exactly the best foundation for a new cryptocurrency. But hey, at least it’s decentralized, right?

Anyway, moving on. Trump’s sons, Eric Trump and Donald Trump Jr., are both involved in the project as “ambassadors.”

And جالب طور پر, the project is also linked to individuals who were involved in the Dough Finance liquidity protocol, which was exploited in a flash-loan attack earlier this year.

Trump first endorsed the decentralized finance project in an Aug. 22 post on Truth Social. He posted about it again on Aug. 29 (by then it was dubbed World LibertyFi).

The X accounts of two of his family members were subsequently compromised and used to promote a fake Solana-based memecoin. One of the targets was Lara Trump, who is co-chair of the Republican National Committee.

Now, you might be wondering why Trump is suddenly so interested in crypto. After all, he’s been known to criticize Bitcoin in the past.

Well, it seems that Trump has had a change of heart about crypto in recent months. He’s now accepting crypto donations for his 2024 presidential campaign.

And he’s also been weaving pro-crypto policies into his stump speeches. For example, he’s promised to create a government-backed crypto reserve and to fire SEC Chair Gary Gensler if he’s re-elected.

So there you have it. Those are the latest details that we know about Donald Trump’s new crypto project, World Liberty Coin. Stay tuned for more updates!

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