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International Business Times
International Business Times
Business
Marvie Basilan

Trump-Backed World Liberty Financial Tops 200K Telegram Subscribers Amid Dough Finance Concerns

World Liberty Financial Telegram Donald Trump WLFI Donald Trump Jr. Eric Trump Crypto DeFi CoinDesk PeckShield
World Liberty Financial has responded to speculations and concerns about the project, saying it was working with top security experts to deliver a platform that will move DeFi forward. (Credit: WLFI Twitter)

KEY POINTS

  • A white paper reportedly being circulated by Trump's inner circle reveals the project's code is largely based on Dough Finance
  • Dough Finance suffered a $2 million exploit in mid-July following multiple flash loan attacks
  • The project will reportedly include the launch of a non-transferable governance token
  • WLFI said it is collaborating with security experts, including PeckShield and Zokyo

World Liberty Financial, the DeFi project of Donald Trump's two sons, continues to gain more followers even as there have been concerns about the platform reportedly having similar features as Dough Finance, a blockchain app that recently suffered a $2 million exploit.

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