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The much beleaguered cryptocurrency token World Liberty Financial (WLFI), which regularly lies about its token and also was endorsed by financial fraudster Donald Trump, has found a new supporter in Justin Sun. Sun announced that he has now purchased more of the token than anyone else and more than was supposed to be available. Sun took to X (formerly Twitter) to announce that he had decided to “invest $30 million in World Liberty Financial.” The 2 billion WLFI tokens he purchased were sent to 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, an address that was funded earlier today from Sun-advised HTX. Strangely, the World Liberty Financial team had previously indicated in SEC filings that it intended to only sell a total of $30 million worth of this token, noting in a SEC filing that “the company currently only plans to sell tokens up to $30M in the offering before terminating sales.” It is not clear why it has decided to change this plan. We are thril...

With Donald Trump busy fumbling the launch of his newest crypto offering, World Liberty Financial, phony projects have been cashing in on the frenzy. From August 29 through late Monday evening, the only thing Trump had said about his project was its name. This left the rest to the world’s imagination and opened the door to fakes and lookalikes who duly lured in suckers and their money. From September 3 through at least noon on September 17 — the day after Trump’s launch — a fake website ranked ninth among Google’s search engine results for the query ‘World Liberty Financial.’ The website promoted a fake governance token, WL, which has sadly traded over $3 million since inception. A dizzying assortment of fake governance tokens exists for World Liberty Financial, which has not yet launched an official version. A brand new — and very fake — WLFI on Binance Smart Chain traded over $50 million in the 24 hours after Trump said he would issue the real ...