They Borrowed Millions Using Their Own Token $WLFI… Now the Pool Is Drained

Trump’s crypto project just used its own made-up token to drain $150 million from investors. And the company claims it’s by design.

Here’s what happened:

WorldLibertyFi, the Trump family’s crypto project, pledged 5 billion of its own $WLFI token on the lending platform Dolomite, borrowed $150 million in stablecoins against it, and sent over $40 million straight to Coinbase Prime, which is basically a fiat off-ramp.

The pool is now 93% drained, making it nearly impossible for regular depositors to withdraw their money.
Tecnically, the funds are not “gone”, but they’re locked until repayment or liquidity returns.

To make matters worse, Dolomite is not some random platform. It’s co-founded by an actual advisor to World Liberty Finance.
And their depositors are getting locked out, mostly everyday users who lent real dollars expecting to earn yield and leave whenever they want.

Here’s how this works:

People deposit US-backed stablecoins to earn yield. Borrowers come in, pledge crypto as collateral, and pay interest on the loans, in this case, WorldLibertyFi was the borrower, and its collateral was its own token ($WLFI).
A token that’s now down 75% from launch with almost no liquidity.

So imagine you lent $1000 to earn 6% per year. Then you get a tax bill and you need that money back.
Well, you can’t get it because the Trump family literally drained the entire pool using their made-up token.

They’re calling the criticism FUD, but when the borrower, the collateral and the platform advisor are all the same entity, and real people’s money is locked out, that’s not FUD. That’s a presidential skill extraction scheme.

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