The Trump family crypto project WLFI (World Liberty Financial) was recently exposed as borrowing large amounts through the DeFi protocol Dolomite, and the two parties’ advisory teams reportedly have a high degree of overlap, raising compliance concerns over “insider interest transfer.”

Loan details: Pledged WLFI to borrow $31.4 million

Operating entity: A multi-signature wallet associated with the WLFI project (0x3733…3f6c).

Funding scale: Pledged WLFI tokens as collateral to borrow $31.4 million in stablecoins from Dolomite.

Timeline: The operation took place in late March 2026, right when WLFI tokens were facing sell-pressure during their token unlock period.

Controversy focus: Overlapping advisor identities

Key person: Corey Caplan, the co-founder of Dolomite, also serves as WLFI’s Chief Technology Strategist.

Point of suspicion: As an “insider” of WLFI, Caplan led Dolomite’s lending support for WLFI. This “being both a player and a referee” role is criticized by some as a typical conflict of interest—using his influence over the lending protocol to provide his own project with liquidity conveniences.

Project background and risks

Trump family interests: 75% of the net proceeds from WLFI token sales are directly owned by Trump-family entities (DT Marks LLC). The project has already been singled out by U.S. senators over alleged “potential corruption.”

Market performance: Since WLFI launched in September 2025, its price has fluctuated sharply. The market has interpreted this borrowing activity as the project team engaging in disguised cashing out (avoiding direct selling of the coins by using pledged borrowing to sidestep the impact on the token price).
#Gate广场四月发帖挑战