World Liberty Financial, a newly launched crypto lending platform backed by former President Donald Trump and his sons, is stirring conversations in the financial sector. The platform's launch has drawn attention due to its controversial nature and its high-profile backers.
Criticism has mounted primarily because 70% of the platform's $WLFI tokens are controlled by insiders, raising concerns regarding transparency and fair distribution. This control could influence market movements and investor trust.
Despite these controversies, the platform claims to offer unique lending services targeted at crypto enthusiasts. The involvement of Trump and his sons adds another layer of complexity and interest to the project.
