Democratic Senator: WLFI enriched itself at the expense of ordinary investors.

PANews reported on May 8 that Democratic Senator Elizabeth Warren commented on the recent controversy surrounding WLFI (World Liberty Financial) on the X platform. She stated, "While the Trump family-backed crypto project (WLFI) is quietly cashing out, ordinary investors are left in a bind."

Elizabeth Warren shared a recent Bloomberg report on the flow of funds from WLFI. The report pointed out that most of the proceeds from WLFI's fundraising and token sales to private investors went to entities associated with the founders. The project team set governance rules, controlled token issuance, and profited from the transactions, while investors had virtually no way to exit.

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Author: PA一线

This content is for market information only and is not investment advice.

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