βWe spotted nine Polymarket accounts, all connected, who made, collectively,$2.4 million betting almost exclusively on U.S. military operations,β says Nicolas Vaiman, co-founder of the small data analytics firm Bubblemaps.
βAnd now here's the crazy part: 98% win rate.β https://t.co/T79aYM48ZI
Alex Vesia and Kayla Vesia bought a suite for 30 nurses, doctors and healthcare workers at last nightβs Dodger game.
These workers helped take care of them when the Vesiaβs lost their newborn daughter, Sterling, last year.
Incredible move on Healthcare Night π₯Ή
You asked who built this.
I'll introduce the team.
Donald J. Trump β Co-Founder Emeritus. The 47th President of the United States. His family takes 75% of net proceeds from token sales. He signed an executive order creating a Strategic Bitcoin Reserve while his family was selling tokens. The gold paper says his role is limited to lending his name and likeness. The website says Co-Founder Emeritus.
Eric Trump β co-founder. Executive Vice President of the Trump Organization. The public face of the project. Promotes it at Bitcoin conferences. He oversees a token whose holders can be frozen by a single anonymous wallet at any time.
Donald Trump Jr. β co-founder. Executive Vice President of the Trump Organization. Co-manages the project with his brother. Two sons of the sitting President, running a crypto project that accepts nine-figure investments from foreign sovereign wealth funds.
Barron Trump β co-founder. He was eighteen when he was named co-founder of a project that would go on to raise over half a billion dollars from accredited investors. He is a university student. That's the resume.
Chase Herro β co-founder. Before crypto, he sold weight-loss colon cleanses and a $149-a-month get-rich-quick course. Bloomberg wrote that profile. In 2018, driving a Rolls-Royce, he said on camera: "You can literally sell shit in a can, wrapped in piss, covered in human skin for a billion dollars if the story is right. Because people will buy it." That video was deleted. The audio survived. He co-founded Dough Finance before WLFI. It was hacked for $2.1 million. Users were left holding depreciated tokens. Then he co-founded this. He and Folkman own Axiom Management Group, a Puerto Rico LLC that takes 12.5% of WLFI net revenue. At least $65 million so far.
Zak Folkman β co-founder. Previously operated under the name Zack Bauer. Founded a company called Date Hotter Girls, LLC, selling books and seminars on picking up women. The New York Times investigated him. Reuters investigated him. Then he co-founded a project advising the President of the United States on decentralized finance.
Steven Witkoff β Co-Founder Emeritus. Billionaire real estate developer. Trump's golf partner. Trump's Middle East Special Envoy. The House Select Committee on the CCP documented that at least $31 million flowed to a Witkoff family entity shortly after his envoy appointment. A UAE royal invested $500 million in WLFI. His sons run the project.
Zach Witkoff β co-founder. Real estate degree from the University of Miami. Project manager at his father's company. No operational crypto experience before WLFI. Named his son Don, after the President. Reporting confirmed he pitched Middle East investors for WLFI while his father served as Special Envoy negotiating with those same governments. House Democrats sent letters.
Alex Witkoff β co-founder. The third Witkoff. Three sons of the Special Envoy, co-founding a crypto project that receives investments from the governments their father negotiates with.
Corey Caplan β Chief Technology Officer. Also co-founded Dolomite, the lending protocol. Three days before everything went public, WLFI deposited 5 billion tokens into Dolomite as collateral. Borrowed $75 million. Sixty-five million of it in USD1, WLFI's own stablecoin. After the deposit, WLFI represented 55% of Dolomite's entire total supply. Ordinary depositors who'd lent to the pool faced withdrawal constraints. Over $40 million went to Coinbase Prime. That's a fiat off-ramp. The CTO's own platform.
Ryan Fang β Head of Growth. Founded Tomo Wallet. Now he grows the user base for a project where the freeze function I built can lock any user's tokens at any time.
Brandi Reynolds β Chief Compliance Officer. She oversees AML and KYC. The compliance function for a project where one anonymous wallet can freeze any holder's tokens, where the President's sons have taken 75% of net token sale proceeds, where $75 million was borrowed against the project's own token on a platform co-founded by the project's own CTO in the project's own stablecoin.
That's the team.
The function I built doesn't take a name. It takes a wallet address. Any wallet address. And everyone on this roster has access to the dashboard that shows whose wallet is whose.
The team page has changed. The Co-Founder titles are gone. The President is now "Chief Crypto Advocate." His sons are "Web3 Ambassadors." The compliance officer disappeared. The titles changed. The function I built didn't.
That's governance.
The Trump family launched "World Liberty Financial" and told the world it would revolutionize finance, bank the unbanked, and bring the power of decentralized money to ordinary people. Two years later, the token is down 82% from its peak, regular depositors have been locked out of their own funds, the company sold nearly half of itself to a foreign government's investment arm days before the president took office, and the Trump family has already cashed out tens of millions in real money while retail investors hold worthless bags. This is the full story. Every word of it is documented. None of it is disputed. And almost none of it has received the attention it deserves.
It started with a pivot nobody questioned hard enough.
Donald Trump spent years calling Bitcoin a scam. He said crypto was "not money" and was "based on thin air." Then, sometime around 2023, he changed his mind. Not because he studied the technology. Not because he became convinced of its merits. He changed his mind because he saw that the crypto industry had money, that it wanted political cover, and that he could provide that cover in exchange for something valuable. What followed was one of the most brazen examples of a politician monetizing public office in modern American history and it was done entirely in the open, with the full knowledge of the press, the public, and Congress, and almost no consequences whatsoever.
In September 2024, Trump announced World Liberty Financial alongside his sons Eric, Don Jr., and Barron. Barron Trump, who was 18 years old, was listed on the project's official materials as the "DeFi Visionary." Eric and Donald Jr. were listed as "Web3 Ambassadors." Donald Trump Sr. was listed as "Founder Emeritus." The project was co-run day-to-day by Chase Herro, Zachary Folkman, and Zach Witkoff, the son of Steve Witkoff, who simultaneously served as Trump's Special Envoy to the Middle East. The overlap between Trump's diplomatic apparatus and his private crypto business was not hidden. It was right there on the website for anyone to read.
The financial structure was designed to extract maximum value for the family before anyone else saw a penny.
A Trump-controlled entity called DT Marks DEFI LLC was written into the project's foundational documents with the following terms: a stake that was initially 60% of WLF Holdco LLC, later adjusted to 38% as new investors came in; ownership of 22.5 billion WLFI tokens; and an entitlement to collect 75% of all net revenue generated by token sales, including interest earned on reserve assets backing the project's USD1 stablecoin. Read that again. Before a single line of working code was deployed, before a single ordinary investor bought a single token, the Trump family had contractually guaranteed themselves three-quarters of all the money that would ever flow through this project. That is not how legitimate financial innovation works. That is how a toll booth works, except the Trump family built the road and owns the toll booth and sets the toll.
Then came the fundraising. $550 million from ordinary people.
Phase one of the token sale launched in October 2024 and raised approximately $300 million. Phase two followed and raised another $250 million. By March 2025 the total had reached $550 million. The tokens were marketed as governance tokens, meaning holders could vote on certain project decisions, but the voting power of retail holders was negligible given that the Trump family and insiders controlled the overwhelming majority of the supply. The tokens were not securities, according to the project, which conveniently meant they were not subject to the disclosure requirements, investor protections, or oversight mechanisms that apply to securities. Senators Elizabeth Warren and Representative Maxine Waters disagreed and called for investigations. Reports also emerged that WLFI tokens had been sold to individuals linked to sanctioned countries including Iran, North Korea, and Russia, triggering SEC inquiries. The project denied wrongdoing. The inquiries continued.
The biggest single buyer was a man with a pending fraud case against him.
Justin Sun, the Chinese founder of the Tron blockchain, spent at least $75 million buying WLFI tokens, making him the project's largest known individual investor. At the time he was buying, Sun was facing a civil fraud lawsuit from the SEC alleging securities violations, wash trading, and undisclosed celebrity endorsements. In February 2025, shortly after Trump returned to office, the SEC moved to settle that case for $10 million, a fraction of the alleged gains. Democrats on the House Financial Services Committee alleged the settlement represented a pay-to-play arrangement: Sun had invested tens of millions in the president's family business and the president's regulatory agency had made his legal problems go away. The administration denied any connection. The timing was what it was.
Then came the UAE deal. This is where it stops being a crypto story and becomes a national security story.
Four days before Donald Trump's second inauguration, a company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser and one of the most powerful figures in the Abu Dhabi royal family, quietly signed an agreement to acquire a 49% stake in World Liberty Financial for $500 million, with $187 million paid upfront directly to Trump family entities. The deal was signed by Eric Trump. Two senior officers at companies controlled by Sheikh Tahnoon were given seats on World Liberty's board.
This was reported by the Wall Street Journal and described by legal experts as something genuinely unprecedented in American political history. A foreign government's most senior national security official had purchased nearly half of a company owned by the incoming president of the United States days before that president took office. The Wall Street Journal also reported separately that Sheikh Tahnoon was simultaneously pushing the Trump administration for increased US access to Nvidia AI chips, cutting-edge semiconductor technology that had been subject to national security export restrictions precisely because of concerns about the UAE's relationships with China.
Shortly after Trump returned to power, his administration reversed those restrictions and approved expanded UAE access to Nvidia chips. The administration denied any connection to the WLFI deal. Senator Chris Murphy said explicitly that what the Trump family had done was corruption. The White House called it a coincidence. You are an adult. You can evaluate that explanation yourself.
Then came the scheme that broke ordinary depositors.
Here is how it worked. WLFI created its own stablecoin called USD1, pegged to the US dollar. It also operated WLFI Markets, a lending platform built on a third-party DeFi protocol called Dolomite. Dolomite's co-founder was also an adviser to World Liberty Financial, a fact that will become relevant very shortly.
Beginning in early February 2025, WLFI's treasury began executing a series of transactions that onchain analysts described as circular financing. The treasury deposited its own USD1 stablecoin into Dolomite and borrowed USDC against it. The borrowed funds were immediately moved to Coinbase Prime, an institutional platform typically used to convert crypto into cash or execute large OTC trades. Then, in late February, WLFI deposited 890 million of its own WLFI governance tokens into Dolomite and borrowed more stablecoins against them.
By April 2026 the total position had grown to approximately 5 billion WLFI tokens pledged as collateral, nominally valued at around $440 million, against which WLFI had borrowed approximately $75 million in stablecoins. More than $40 million of the proceeds had been routed to Coinbase Prime. The WLFI token dropped nearly 10% when this was first reported, then another 12% the following day, hitting its lowest price since launch.
The mechanics of why this is dangerous are worth explaining clearly. WLFI used tokens that it controls and can effectively create to borrow real, spendable money. The collateral is only worth what the market says it is worth on any given day and because WLFI tokens are thinly traded, any forced liquidation of that collateral would crash the token's price, which would reduce the value of the collateral further, which would trigger more liquidation, which would crash the price further. This is the exact same death spiral that destroyed FTX and Alameda Research in 2022. Alameda borrowed billions against FTX's own FTT token. When the token price fell, the collateral evaporated and the whole structure collapsed, wiping out billions in ordinary investor funds. The critical difference is that Alameda did it secretly. World Liberty Financial did it on a public blockchain, in full view of anyone who cared to look, and when analysts pointed it out, the project's response was to post a statement on X saying they were "nowhere near liquidation" and that if prices moved against them they would simply "supply more collateral." More of their own tokens. As if the solution to the problem of using a bad asset as collateral is to use more of the same bad asset.
Regular depositors paid the price.
WLFI's borrowing was so aggressive that it pushed Dolomite's USD1 lending pool to approximately 93% utilisation. This meant that ordinary users who had deposited USD1 into Dolomite to earn yield found themselves unable to withdraw their own money. WLFI's treasury position now accounts for roughly 55% of Dolomite's total value locked, meaning one entity controlled by the president's family dominates an entire third-party lending protocol in a way that exposes every other user to the consequences of its decisions. The project called this being an "anchor borrower" that "generates yield for everyone else." The people who couldn't access their savings called it something else.
Then came the sanctioned criminal network connection.
World Liberty Financial partnered with a Southeast Asian blockchain project called AB DAO and announced that its USD1 stablecoin would integrate with the platform. The partnership was announced in November 2025. What WLFI apparently did not know, or did not disclose, was that AB DAO's flagship resort project had until very recently been promoted by individuals who were subsequently sanctioned by both the United States and the United Kingdom for alleged ties to Cambodia's Prince Group. US authorities have described the Prince Group as a major transnational criminal network involved in large-scale fraud. The individuals linked to the resort project were removed from AB DAO's promotional materials following the sanctions, but the history was there in the public record. A Times investigation found that WLFI was unaware of this history despite claiming to have conducted due diligence.
For context: this is a company co-founded by the sons of the President of the United States. The President's own administration imposes the sanctions in question. The President's own Treasury Department maintains the sanctions list that WLFI apparently failed to check before announcing a major business partnership. "We had no idea" is not a defence when you are operating in the name of the most powerful office on earth.
And through all of this, the token kept falling.
WLFI is now down 82% from its all-time high of $0.46 reached in September 2025. The project's treasury spent $65.58 million buying back 435 million tokens at an average price of $0.1507. Those tokens are now worth approximately half what the treasury paid for them. The buyback programme, meant to signal confidence and support the price, is 48% underwater. The people who bought in at the peak, who believed the pitch, who trusted that the President of the United States would not attach his name and his children's names to a project designed to extract their money, are sitting on losses that in many cases exceed 80%.
Meanwhile the Trump family has already moved tens of millions of dollars in real money off the platform via Coinbase Prime. The mechanism worked exactly as it was designed to work. Not for the retail investors. For the family.
This is the part that should make every American angry, regardless of politics.
The President of the United States is simultaneously: regulating the crypto industry from the White House; pushing Congress to pass crypto-friendly legislation; publicly promoting the idea of America as the "crypto capital of the planet"; and personally profiting from a crypto company his family controls, that has raised half a billion dollars from retail investors, that has sold nearly half of itself to a foreign government's investment arm, that has engaged in financial maneuvers directly compared to those that caused the FTX collapse, and that has partnered with entities linked to US-sanctioned criminal networks.
This is not a left-wing talking point. This is a description of documented, public, onchain, reported facts. Every figure cited in this post has been reported by the Wall Street Journal, CoinDesk, Fortune, CNN, the New York Times, and the Times of London. None of it is disputed. All of it is real.
They named it World Liberty Financial.
The liberty was always only for them. The world and the ordinary investors who believed them got the bill.
Share this. Every person who has ever bought crypto, every person who believes in financial accountability, every person who thinks a sitting president should not be running a self-dealing scheme with a foreign government's money while pretending to regulate the same industry deserves to know what is happening here.
This is corruption. And it is happening in plain sight.
I am a Web3 Ambassador at World Liberty Financial.
There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance."
600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President.
The distance is my best work.
I am the reason these events are unrelated.
World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence.
Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.
Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated.
Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated.
Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated.
Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard.
On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well.
The team page lists 3 Witkoffs. All 3 are Co-Founders.
Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial.
His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded.
The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency.
Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name.
On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio.
Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job.
600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access.
A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25.
My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper.
The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family.
I am the reason these events are unrelated.
@vinceayg_ just a thought but consider doing a box collection with some past pins especially the b2b stuff and maybe a special 2020 pin. Bet you could sell that collection with 4-5 pins for $200-$250 easy! Just passing an idea. I would but it LOL Go #Dodgers
@vinceayg_ π₯π₯π₯π₯π₯ just ordered all 3 pins!!!! Canβt wait to have these on my hat when I go to San Diego in August ππ½ππ½π₯π₯π₯ #dodgers