Bloomberg: Trump family cryptocurrency project exposed for privately selling tokens

Techub News, according to Bloomberg, the Trump family cryptocurrency project World Liberty Financial, after raising over $550 million, has sold an additional 5.9 billion tokens to qualified private investors, with the transaction valued at hundreds of millions of dollars, and most of the proceeds flowing to entities associated with the founders. Blockchain analytics platform Tokenomist.ai discovered the above transaction while reviewing the project's governance documents. The report states that this additional token sale has put early investors in a difficult position, and the project team has not provided a public explanation regarding the matter.