sdreaver

I’m just here to argue.

[sdreaver @ScottyDre]

Based on recent events in Boston

Think we need a Scottish version of the American St Patty’s day

[sdreaver @ScottyDre]

@brndxix We’re the Browns

[sdreaver @ScottyDre]

How much keef could a chief keef chief if a chief keef could chief keef

[sdreaver @ScottyDre]

@BasedMikeLee Where do you get your definition?

You very clearly missed some very obvious parts of fascism

[sdreaver @ScottyDre]

@WhitakerTA_ So we should celebrate that our country is no longer being directed by elected officials?

Unelected corporate leaders will dictate our policy and negotiations?

I guess they just figured “why keep lobbyists and bribes to get our way when we can now just go ourselves”

[sdreaver @ScottyDre]

@MAGAVoice Shaking?

Xi knows that if you just say nice things to President Trump, you can get your way

That’s what President Trump himself said. He likes people that are nice to him and you’re likely to get what you want if you say things he likes to hear

[sdreaver @ScottyDre]

@AdamKinzinger Drop shipping and private label are evolving 😅

[sdreaver @ScottyDre]

@Issamsaed90 Reminds me of all the web3 projects that were going to the moon and all about the hype and anyone saying otherwise is just FUD

[sdreaver @ScottyDre]

@DonRaptor3 @GBX_Press They tend to use the Yuan more- the trades vastly benefit China because of the imbalance

But this is also something they started some years back. It’s been a process.

A few years back, they used USD for 90% and now it’s less than 5%

[sdreaver @ScottyDre]

@XFreeze Elon has said many things over the past few years that (logically) contradict his own goals and tenets.

It seems like certain aspects of his life have been compromised or, at the very least, clouded

[sdreaver @ScottyDre]

@GuntherEagleman @nicksortor @GuntherEagleman my guy. That king doesn’t rule over us.
That’s the difference and it should be obvious.
We celebrate it every year and we’re almost at our 250th anniversary

[sdreaver @ScottyDre]

@elonmusk Having a hard time reconciling your inconsistencies

[sdreaver @ScottyDre]

@PamelaHensley22 Party of free speech at it again

I thought cancel-culture was a liberal thing

[sdreaver @ScottyDre]

2020’s:
Sell a man a fish, make some money
Sell a man a course on fishing, generate income

[sdreaver @ScottyDre]

@C_Flat007 @LynAldenContact @gladstein Has to be. I personally know a lot of liberals and none of them are on BlueSky

But they’re also like the: “I just want better healthcare” liberals

[sdreaver @ScottyDre]

@EricLDaugh https://t.co/AAFohDEjZX

[Wealthy Anon @wealthyanon]

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.

[sdreaver @ScottyDre]

@NFL_DovKleiman Everyone thinking power but I’m still taking Barry from any yards. Line could fall down and he’ll make three miss at -3 yards and make it in still

[sdreaver @ScottyDre]

@elonmusk No.

It’s that we can make 10 more pies and the people already getting most of the pie will get all the additional pie

Our need for amount of pie will raise, but no matter how many pies we make,
the vast majority of people will see little to no increase in their share

[sdreaver @ScottyDre]

@DaveHawkinsX @davidsenra @tobi What Bernie is saying is that we have been steadily increasing the amount of pies we make

but most people making the pies aren’t getting any more of it

So it feels like we aren’t making more pie

[sdreaver @ScottyDre]

I get it- people get sick of talking about “the gays” during pride month

But im sick of hearing about The Straits