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Democratic Senator: WLFI embezzles funds for personal gain, leaving ordinary investors in trouble
Deep Tide TechFlow News, May 8th, Democratic Senator Elizabeth Warren commented on the recent controversy surrounding WLFI (World Liberty Financial) on the X platform. She stated, “While the Trump family-supported crypto project (i.e., WLFI) secretly cashes out, ordinary investors are left in distress.” Elizabeth Warren reposted a recent Bloomberg report on WLFI’s fund flow issues. The report pointed out that most of the proceeds from WLFI’s financing and token sales to private investors flowed to entities related to the founders, with the project team setting governance rules, leading token issuance, and earning profits, while investors almost have no way to exit.