Trump's World Liberty Financial crypto project says it sold $550 million in tokens

The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. President Donald Trump's World Liberty Financial crypto project said on Monday that it raised $250 million in its second token sale, bringing the total amount of coins sold to $550 million. WLFI, a venture backed by the first family that describes itself as a sort of crypto banking platform, launched in October, weeks before Trump's election victory. In a document published at the time of launch, WLFI said the Trump family could take home 75% of net revenue. In Monday's release, WLFI said more than 85,000 participants underwent so-called know-your-customer verification to gain access to the token sale. Co-founder Zach Witkoff, son of billionaire U.S. envoy Steve Witkoff, is quoted in the release as saying that "WLFI is on track to supercharge DeFi," or decentralized finance. In January, Tron blockchain founder Justin Sun upped his stake in WLFI tokens to $75 million. A court f ... Read full article.