One of the most prominent investors in the Trump family's crypto company is now criticizing it

[riversedge]

Source: msn


Story by Rob Wile • 5h

Justin Sun, among the largest investors in the Trump family’s primary crypto company, claims the company is misleading investors. It’s the most prominent instance yet of a crypto insider aligned with President Donald Trump calling out his family’s crypto dealings, which Democrats have said benefit from the president’s authority.

Sunday on X, Sun, a billionaire who is among the most recognizable figures in the crypto industry, accused the Trump group, World Liberty Financial, of setting up a system that grants company officials unilateral power over user accounts. That includes the ability to freeze them.

Sun alleges that his account has been subject to a freeze since September and that he has not been able to sell his holdings. According to analysis by the blockchain tracking group Bubblemaps, the value of the holdings Sun has allegedly been unable to move has declined by more than $80 million, to about $43 million. Sun has said he spent at least $75 million on World Liberty tokens, at one point becoming its largest investor.

“I have always been an ardent supporter of President Trump and his crypto friendly policy,” Sun wrote. However, he said, “this is the opposite of decentralization. This is a trap door marketed as an open door. I denounce the ongoing token scandals by the bad actors at WLFI.”.................


Read more: https://www.msn.com/en-us/money/markets/one-of-the-most-prominent-investors-in-the-trump-family-s-crypto-company-is-now-criticizing-it/ar-AA20Q4Zo?ocid=winp1taskbar&cvid=99221bce2f354463d752f4b065c898b7&ei=9

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umm... I would think this CEO would know these details before he invests?????


.............Sunday on X, Sun, a billionaire who is among the most recognizable figures in the crypto industry, accused the Trump group, World Liberty Financial, of setting up a system that grants company officials unilateral power over user accounts. That includes the ability to freeze them.

Link to tweet

?s=20

[SamKnause]

1. I hope anyone who invests with the Trump family gets bled dry.

You deserve it.

Crooks, cons, and grifters.

[eringer]

2. crooks

They are all crooks. Look at their gold holdings. They are converting everything into gold. Crooks. Convicted felons.

[Hey Joe]

3. When will these people learn?

What more do people need to realize about the entire Trump organization.
They are absolutely corrupt down to their bone marrow and everyone knows it!
Every cell in their body is skewed towards obtaining the quick easy buck as they are all loathe to put in much effort or work to gain wealth with even a remotely honest effort.
There is no one on earth they would not endeavor to swindle.
At least it was a billionaire they cheated!

[Scrivener7]

4. Really, Justin?

[BadgerKid]

5. The billionaire Winklevoss twins, founders of Gemini Exchange (crypto), were campaign donors to T.

https://www.reuters.com/world/us/trump-campaign-refunds-winklevoss-twins-after-bitcoin-donations-exceed-limit-2024-06-21/

[MLWR]

6. "I have always been an ardent supporter of President Trump and his crypto friendly policy,"

Most people have figured out by now that Krasnov is a conman, a grifter and a scam artist. You, Mr. Sun, are slow on the uptake.

[FakeNoose]

7. Oh dear, are the leopards eating your face?

I can't imagine why they would do that....

[Martin68]

8. Anybody who knowingly invested in Trump's crypto scam deserves to be defrauded. What did they expect?

[RussBLib]

9. greed is an ugly thing

Trump appeals to stupid people by dangling money and more money in front of them. And the idiots who only watch FOX or OAN don't see the lies and deception Trump always pulls.

https://russblib.blogspot.com

[A-Schwarzenegger]

10. shocked

[Multichromatic]

11. Why did you think somebody named Trump wouldn't screw you over and cheat you???

Are you stupid Mr. Crypto bro investor? LOL

[usonian]

13. FA and FO

Trump betrays everyone near to him or who who trusts him, starting with his wife.



How many Scaramucci's did this take?

[BaronChocula]

14. Is he just complaining about this now?

His account has been frozen since September. Has he been sounding the alarm since then and we're just hearing about it? Or has he just been quiet until everyone else turns on the miserable hump.

A dam has cracked in magaland. Some of its loser residents are fatigued by supporting policies that are ruining them and are speaking out. This is giving license to other idiots to point out abuses and usurpations. There will still be a shell of maga left, but we're seeing a coalition dissolution in real time.

[Buddyzbuddy]

15. That's some funny crap. Read the small print.

Freeze it until it's worth $1. Somebody has to cover the bet so Usay, Kusay, Lurch, and the Felon can cash out.
What a shame, the music has stopped and there are no more chairs.

Digital currency my arse.

[Torchlight]

16. Pet Rocks, Laser Disk, Google Glass and Crytpo

All variations a commonality... I giggle at those who make the purchase (although I did buy a Snuggie once, so I'm certainly not blameless).

[oasis]

17. Lay down with dogs, get fleeced.

[Miguelito Loveless]

18. Isn't the phrase

"crypto fund is misleading investors" analogous to "water is wet".