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World Liberty Financial has sold an additional 5.9 billion WLFI tokens to undisclosed private investors without informing existing backers, sending the token to an all-time low and intensifying scrutiny of the Trump family-backed decentralized finance project.
The sales were confirmed in governance filings and reported by Bloomberg. They were conducted as private “white glove” deals with accredited investors after two public fundraising rounds had already raised more than $550 million.
World Liberty Financial declined to disclose who purchased the 5.9 billion tokens or where the proceeds went. Sources cited in the reporting suggested much of the funds flowed to entities affiliated with the founders.
The announcement drew sharp backlash from early investors who bought WLFI during the public rounds at prices as low as $0.05. As of May 2026, those investors remain locked out of selling 80% of their holdings.
By contrast, the private buyers received tokens through a separate channel under terms not disclosed to the broader investor base. WLFI fell to an all-time low after the selloff, with the token declining as retail holders absorbed the dilution.
World Liberty Financial was co-founded by the Trump family and the Witkoff family. Under the project’s token structure, the Trump family receives 75% of all WLFI token proceeds, a figure that has drawn sustained political attention.
Senator Bernie Sanders has claimed the Trump family made $4 billion from the presidency, with $3 billion attributed to crypto ventures, citing WLFI as a central example.
The private sales are not the only governance flashpoint. World Liberty Financial is pushing toward a 62 billion token unlock with a near-unanimous governance vote, which critics say is timed to benefit insiders.
The unlock is scheduled to take effect after President Trump’s term ends. Critics have argued the project’s structure could allow founding participants to exit before regulatory accountability tightens.
Previously, WLFI used 5 billion of its own tokens as collateral to borrow $75 million from Dolomite, a platform co-founded by one of the project’s advisers. The conflict-of-interest concerns raised by the community at the time have resurfaced amid the current transparency debate.
Critics have been assembling a broader case around undisclosed private deals, insider-linked borrowing arrangements, and a post-presidency token unlock. A recent breakdown of Trump’s crypto ventures ranked WLFI as the most controversial of four projects due to its opacity and the scale of founder compensation relative to public investors.
While the project has confirmed that the private sales took place, it has not addressed the lack of disclosure to existing investors.
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