World Liberty Financial Just Locked Depositors Out of $80 Million. Here's How. | Ep 489
Good now revolutionaries — Evan Mann and Alex Popovic bring you a packed Monday as Will heads to Mexico for a well-deserved vacation. The show leads with the story dominating crypto Twitter all weekend: World Liberty Financial, President Trump's DeFi protocol, deposited five billion WLFI tokens onto the Dolomite lending protocol to borrow roughly $80 million in USDC. The problem? WLF controls both sides of the transaction, depositors who supplied the USDC can no longer withdraw their funds due to a 98% utilization rate, and WLF's own GPT-written tweets managing the fallout accidentally…
The skinny
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