How the Trump family took over a crypto firm as it raised hundreds of millions

Claims supported by this source

1. factdocumented

   Witkoff's signed disclosure listed WC Digital Fi LLC and its World Liberty Financial interest and said he was beginning to resign managing roles while retaining passive investment income; WLF's Gold Paper says WC Digital Fi, an affiliate of Steve Witkoff and certain family members, and AMG collectively received 7.5 billion $WLFI and rights to 25% of net protocol revenue. The allocation is to entities collectively, not a measure of Witkoff's personal income.

   Paragraphs 53–58: Witkoff's account of introducing Folkman and Herro to Trump and his sons

   Witkoff disclosure and WLF papers map a crypto affiliate during public service · WC Digital Fi interest retained as passive investment · reviewed 2026-09-03

2. factreported

   Reuters identified Justin Sun as an investor in and adviser to World Liberty Financial, the Trump-family crypto venture.

   Reuters identifies Justin Sun as a WLF investor and adviser · Identified as a WLF investor and adviser on September 5, 2025 · reviewed 2026-09-03

3. factreported

   Reuters reported that Justin Sun said he spent at least $75 million on World Liberty Financial tokens and that he said his project-connected tokens were frozen; WLF discussed wallet blacklists without naming Sun or stating how many of his tokens were affected.

   Sun reports at least $75 million in WLF purchases before wallet freeze · Purchases and dispute reported; token count affected remained unspecified · reviewed 2026-09-03

4. factdocumented

   WLF's Gold Paper says Zachary Folkman and Chase Herro wholly own AMG, which together with WC Digital Fi received 7.5 billion $WLFI and rights to 25% of net protocol revenue. WLF's MiCA paper separately says the issuer raised more than $550 million in token sales. Neither source states Folkman's personal distribution.

   Paragraphs 12–24 and 66–78: $550 million sale total, control changes, revenue split, and comparison with five large DeFi platforms

   Folkman-Herro entity shares a 7.5 billion-token and 25% revenue allocation · AMG and WC Digital Fi held the disclosed collective allocation · reviewed 2026-09-03

5. factdocumented

   WLF's Gold Paper says Chase Herro and Zachary Folkman wholly own AMG, which together with WC Digital Fi received 7.5 billion $WLFI and rights to 25% of net protocol revenue.

   Paragraphs 17–24 and 66–78: control changes, revenue split, and DeFi comparison

   Herro-Folkman entity shares a 7.5 billion-token and 25% revenue allocation · AMG and WC Digital Fi held the disclosed collective allocation · reviewed 2026-09-03

6. factdocumented

   World Liberty Financial's MiCA paper says the project raised more than $550 million through token sales and lists Alex Witkoff as a co-founder.

   Paragraphs 12–24: independently calculated $550 million raised by March 2025 and described the contractual revenue split

   WLF reports more than $550 million in token sales · Project reported more than $550 million in token sales · reviewed 2026-09-03