World Liberty Financial (WLFI)
Summary
World Liberty Financial (WLFI) is a DeFi protocol and stablecoin issuer co-founded in 2024 by members of the Trump family and the Witkoff family, along with crypto entrepreneurs Chase Herro and Zachary Folkman. The project has raised approximately $550 million through governance token sales and issued the USD1 stablecoin, which reached roughly $4.6 billion in circulating supply by mid-2026. The project has attracted sustained congressional scrutiny, multiple Senate-requested federal probes, a high-profile lawsuit from one of its largest investors, allegations of token sales to sanctioned entities, and documented conflicts of interest tied to the sitting U.S. president's direct financial stake in the venture.
Connected Entities
2 entities · 10 linked investigations- + 29 more
Timeline(20 events)
2024-09-17
World Liberty Financial announces plan for WLFI token, asserting it is likely exempt from SEC regulations under Regulation D.
FXStreet2024-10-01
World Liberty Financial officially launches. Donald Trump named 'Chief Crypto Advocate'; Eric Trump, Don Jr., and Barron Trump named 'Web3 Ambassadors.'
CoinGecko2024-11-01
Justin Sun purchases 2 billion WLFI tokens for $30 million and is named a project adviser, receiving an additional 1 billion tokens.
CBS News2025-01-15
Justin Sun purchases a further 1 billion WLFI tokens for $15 million, bringing total investment to $45 million.
CBS News2025-01-16
Four days before Trump's second inauguration, Abu Dhabi-linked entity Aryam Investment 1 allegedly signs an agreement acquiring a 49% equity stake in WLFI for a reported $500 million.
CoinDesk2025-03-01
USD1 stablecoin launches on Ethereum and BNB Chain, backed by short-duration U.S. Treasuries custodied by BitGo.
Eco Support2025-03-17
World Liberty Financial announces it has raised $550 million total across multiple WLFI token sales.
Business Wire2025-05-01
Abu Dhabi investment firm MGX selects USD1 as settlement currency for its $2 billion investment in Binance, described as the largest stablecoin-settled deal in history.
ainvest2025-05-06
Senator Blumenthal sends formal letter to WLFI alleging unprecedented conflicts of interest and national security risks from Trump's financial stake in the project.
Senate HSGAC2025-07-16
WLFI governance vote passes to make the token tradeable effective September 1, 2025.
CoinDesk2025-09-01
WLFI token launches as a tradeable asset. WLFI freezes Justin Sun's tokens after he transfers $9 million to external wallets.
CryptoNews2025-10-23
President Trump pardons Binance founder Changpeng Zhao. WLFI token volume spikes 200% in 24 hours. Both CZ and WLFI deny any quid pro quo.
BanklessTimes2025-11-18
Senators Warren and Reed call on DOJ and Treasury to investigate WLFI over alleged token sales to wallets linked to North Korea's Lazarus Group, Russia, and Iran.
CNBC2025-11-19
WLFI discloses pre-launch phishing attack affecting user wallets, burns 166.667 million compromised WLFI ($22.1 million), and reallocates to re-verified users.
crypto.news2026-01-01
World Liberty Trust Company files a de novo application with the OCC for a national trust charter.
CryptoBriefing2026-02-05
House Democrat Ro Khanna launches congressional probe into WLFI's alleged $500 million UAE equity deal, requesting documents from co-founder Zach Witkoff.
CoinDesk2026-04-09
Reports reveal WLFI pledged 5 billion tokens on Dolomite — a protocol co-founded by a WLFI adviser — to borrow $75 million, trapping retail depositors and pushing pool utilization to 93%.
CoinDesk2026-04-15
WLFI proposes unlocking 62 billion additional tokens amid ongoing loan controversy and sustained token price decline.
CoinDesk2026-05-04
World Liberty Financial files defamation countersuit against Justin Sun in Florida state court, seeking unspecified damages and a public retraction.
Business Wire2026-06-15
WLFI funds UFC fighter bonuses using USD1 stablecoin at a White House event, extending the pattern of White House access as a promotional vehicle.
CoinDeskDecision Log
- hash: FDBrdBsMUnoGG7aAVvbXYSwxmpqXQNqWRV7ua3CUZJKK
- hash: 8adamNVUQaAmBd863w5FXmxzy9tQZqaDLLCkotpiLVen
- hash: 6Jm81R2mNXiCfyTUCmPwwiBkchBKe8EFgxo9dNkcDioy
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/13/2026, 3:19:27 AM
last updated: 6/19/2026, 5:06:03 PM
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