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BSCN·2026-04-09 19:32
🚨 CRYPTO: WORLD LIBERTY FINANCIAL BORROWED $75M AGAINST ITS OWN TOKEN ON INSIDER-ADVISED PROTOCOLOn-chain data reviewed by CoinDesk shows World Liberty Financial deposited 5 billion $WLFI tokens as collateral on DeFi lending protocol Dolomite to borrow $75 million in stablecoins, then sent over $40 million to Coinbase Prime. The collateral is nominally valued at roughly $440 million but trades with limited market depth, raising bad debt concerns if liquidation triggers.Dolomite co-founder Corey Caplan is a ...