Controversy Surrounds Trump Crypto Project with Ties to Major DeFi Hack
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Controversy is swirling around an upcoming Donald Trump-linked crypto project, which appears to have ties to a major DeFi hack, as well as other unsavory characters.
Republican Presidential Nominee Donald Trump and his sons have teased for weeks that they will soon launch a DeFi project called World Liberty.
.@worldlibertyfi pic.twitter.com/mwhVIzPJyq
And while no formal announcement has arrived yet, details regarding the Trump crypto project are beginning to emerge.
The project will reportedly be build on Ethereum and Aave.
*TRUMP-BACKED DEFI PROJECT TO BE BUILT ON ETHEREUM AND AAVE
Source: DB | Coins: AAVE, ETH
Per reports in the crypto news media and across socials, the upcoming DeFi project is set to look similar to Dough Finance.
It's very likely gonna be a fork of the founder/devs dough finance project which got hackedhttps://t.co/0KIPp46V1q
Dough Finance, a borrowing and lending decentralized application was hacked for $2.1 million via flash loans in early July.
Certik provides a full incident analysis here.
It’s unclear whether the World Liberty protocol will contain the same sorts of vulnerabilities Dough Finance.
And the links to Dough Finance don’t stop at just its code.
A circulated World Liberty Whitepaper show that a crypto influencer called Chase Herro is listed as its data and strategies lead.
Hero had a link to DoughFinance on his Instagram profile.
Chase Hero appears to be some crypto influenza guy and his Instagramhttps://t.co/YOtKbQdwAT has to link to https://t.co/S7NW007x8f
Which is some lending protocol on ETH which
