Trump-Linked Crypto Partners Accused of Abandoning Hacked Platform

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-19 13:41:02

World Liberty Financial (WLFI) partners Zak Folkman and Chase Herro, key figures in former President Donald Trump’s crypto ventures, face renewed scrutiny following revelations of their handling of a hacked decentralized exchange. The duo previously co-founded Dough Finance, a Leveraged trading platform that lost $2.5 million to a July 2024 exploit.

Despite acknowledging the code vulnerability and initially pledging restitution, Folkman and Herro abandoned the project within months—coinciding with their WLFI launch. Reuters’ investigation highlights persistent concerns about the Trump family’s crypto partnerships, particularly with operators exhibiting questionable financial stewardship.

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