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the Trump family’s crypto project is imploding in real time here’s everything you need to know: -World Liberty Financial launched in 2024. Trump entities own 60% and take 75% of all revenue. the family made $1 billion before any of this happened. -this week they borrowed $75M using their...

75,587 görüntüleme • 4 ay önce •via X (Twitter)

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BREAKING: The biggest investor in the Trump family's crypto company just turned on them publicly. He claims they built a "trap door" into the code to freeze investor money at will. And they just secretly borrowed $75 million against tokens that aren't theirs. Here's the crypto scandal unfolding right now: World Liberty Financial launched in 2024 during Trump's third presidential campaign. Co-founded by Donald Trump Jr., Eric Trump, Barron Trump, and Zach Witkoff, the son of US envoy Steve Witkoff. Donald Trump was listed as "co-founder emeritus." The Trump family company was structured to receive 75% of net revenues from token sales. On Trump's 2025 financial disclosure form, he listed more than $57 million in income from World Liberty alone. By December 2025, the family had booked roughly $1 billion in profits. And held another $3 billion in unsold tokens. Now that empire is cracking open from the inside. One of the first, largest, and loudest investors in the project was Justin Sun. The Tron founder. Chinese-born crypto billionaire. He put in between $30 million and $75 million starting in late 2024. Sat as an advisor. Attended Trump's memecoin gala dinner. Held roughly 545 to 595 million WLFI tokens at peak, worth over $100 million. He was the whale the project pointed to as validation. On April 12, he went to X and publicly torched them. He called World Liberty "a trap masquerading as a door." He accused the project of building hidden controls into its smart contracts. Controls that let the company unilaterally freeze any wallet without notice, without warning, without due process. His own wallet was frozen last September, after he moved $9 million in tokens to a new address. He says he was running routine exchange deposit tests. No buying. No selling. No market impact. The wallet got blacklisted anyway. Hundreds of millions in tokens, locked for months. And according to Sun, the ability to do this was never disclosed to investors before they bought in. "This is the opposite of decentralization," he wrote. He called the Trump family "bad actors." He accused them of treating investors as a "personal ATM." World Liberty's official account fired back within hours. "Does anyone still believe Justin Sun?" "Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct." "We have the contracts. We have the evidence. We have the truth." "See you in court pal." The biggest backer of a Trump family crypto venture. Publicly accusing them of a scam. Being told "see you in court" by the company. In public. On X. But the timing is the part nobody's putting together. In February, blockchain data later reported by CoinDesk showed something that never made it into a press release. World Liberty took out a $75 million loan from a crypto lending platform called Dolomite. The collateral? Five billion WLFI tokens. That's 5% of the entire supply. Borrowed against, quietly, while the same company was blocking regular holders from selling their own tokens. Think about what that means. Investors like Sun were told their tokens were locked. Couldn't be sold. Couldn't be moved. Meanwhile, the company was taking 5 billion of its own tokens and using them as collateral to borrow $75 million in stablecoins. Austin Campbell, a crypto consultant and NYU instructor, told NBC News: "If you took this conduct and translated it to traditional markets, you would have some problems." That is as close as a sober industry voice gets to saying "this is not supposed to be legal." Then on Tuesday, April 15, it escalated again. World Liberty filed a new governance proposal. It would unlock 62.3 billion WLFI tokens that were previously locked with no vesting schedule. Early supporters holding 17 billion tokens would keep all of theirs, with a two-year cliff. Founders, team, advisors, and partners would see 10% of their 45.2 billion tokens burned. The remaining 40.7 billion would unlock over five years. Sun called it a "trap door" the second it hit the forum. He warned that the proposal involves billions of dollars in assets. That it could reshape vesting rights, burn billions of tokens, and shift governance power permanently. All without the minority protections or independent review a public equity would require. His words: "These steps would never pass in traditional markets, where investors expect clear legal rights and due process." Meanwhile the token itself is bleeding. WLFI has lost 74% of its value since August. As of this week, it trades at around 8 cents. Down from a high of 40 cents at launch. But the Trump family has not been hit the way retail investors have. A Wall Street Journal analysis found the Trumps have cashed out at least $1.2 billion in real dollars from World Liberty Financial over the past 16 months. Not paper wealth. Not locked tokens. Actual cash. The separate TRUMP memecoin, launched days before the second inauguration, has crashed roughly 90% from its high. It now trades around $2.81. It was once $45. And there's the foreign money trail. Days before the inauguration, an investor linked to the UAE government paid $500 million to acquire nearly half of World Liberty Financial. A UAE government fund later used $2 billion of World Liberty's USD1 stablecoin to invest in the crypto exchange Binance. Allowing the Trump-linked entity receiving those dollars to hold them in bonds or money market funds and keep the interest. Shortly after, the Trump administration reversed a Biden-era restriction and gave the UAE access to advanced US chips. Binance's founder, Changpeng Zhao, received a presidential pardon despite his prior guilty plea for failing to stop illicit money flows tied to terrorism and trafficking. World Liberty publicly denied any connection between the UAE deal and the chips policy. But the paper trail is a paper trail. And now add this: Justin Sun's own SEC fraud case from 2023, charging him over crypto trades and illicit promotion, was quietly dismissed in March. He paid a $10 million fine. The case disappeared. One of the first investors in a Trump family crypto venture, under SEC fraud charges, had his case dropped months into the new administration. That same investor is now the loudest public critic of the company. Because he believes they built a kill switch into the code to lock him out of his own money. Here's the broader picture: World Liberty Financial holds a stablecoin, USD1, that ranks among the 10 most heavily used in the world. It runs on Binance and Kraken. It settles billions in transactions. The project's governance token, WLFI, has now collapsed in value while the company borrows against its own supply. The biggest institutional backer is calling it a trap. The House Judiciary Committee has published a report accusing the family of running a multi-billion-dollar self-dealing machine. The Committee documented $11.6 billion in Trump family crypto holdings and over $800 million in crypto income in the first half of 2025 alone. Democrats have accused the administration of dismantling the DOJ's National Cryptocurrency Enforcement Team to shield these ventures from exactly this kind of scrutiny. The White House denies any wrongdoing. The Trump Organization has not responded to media requests. World Liberty is threatening its biggest investor with a lawsuit over his public accusations. This is not a crypto story anymore. This is an ownership story. About who owns the tokens. Who owns the code. Who owns the switch that freezes the wallets. And who owns the 75% cut of every dollar that flows through it. Retail investors are holding an 8-cent token down 74% from its high. The biggest whale is publicly accusing the company of a scam. The company just announced it secretly pledged billions of its own tokens as collateral for a $75 million loan. And the founding family has already cashed out $1.2 billion in real money. One of these things is not like the others. The question now is not whether this ends in court. Justin Sun vs. World Liberty is coming. The question is which courtroom. A civil dispute between two crypto parties? Or the first real securities case testing whether a sitting president's family business structure qualifies as a legal enterprise at all? Because "see you in court pal" works both ways. And Sun's lawyers have been waiting for him to give them something to file. He just did.

Insider Trackers

79,896 görüntüleme • 4 ay önce

The rate that sets your mortgage just hit a 20 year high. Then something strange happened. The government made ONE move trying to force it back down… But did it work? Here is what almost everyone missed: There is a market bigger than the stock market. It is the market for government bonds. When the government needs money, it borrows by selling bonds. The interest it pays on those bonds is called the yield. That yield quietly sets the price of almost everything. It shapes your mortgage rate, your car loan, and your credit card. Even the value of the stocks you own. This week, that yield did something alarming. The rate on 30 year government bonds hit its highest level in almost 20 years. The last time it was this high, the year was 2007. You remember what came right after 2007. To be clear, a high yield is not a crash by itself. But it is a warning light on the dashboard of the economy. And this light had not flashed this bright in a generation. Why did this happen? The government keeps borrowing more and more money. Prices are still rising faster than anyone wants. And companies are flooding the market with their own debt. All of that competes for the same pool of money. So lenders demanded a higher and higher return. Rising yields are like a slow tax on everything you own. They make borrowing more expensive for every person and company. They pull money away from stocks. They tighten the screws quietly, in the background. Then something telling happened. The government stepped in to rescue the situation. It announced it would buy back large amounts of its own long term bonds. The goal was simple. Push that yield back down. And it worked, at least for now. The 30 year yield dropped. The dollar fell to a three month low. Gold jumped to its highest level since early June. Read that again. The government had to intervene to calm its own bond market. That is not a small thing. Here is the lesson most investors miss. The risk that wrecks you is rarely the one on the front page. It is the one building quietly while you look elsewhere. Everyone was watching stocks hit record highs. Almost nobody was watching the foundation underneath them crack. You cannot track every hidden risk in the system. No person can. There are too many moving parts. That is exactly why a rules based system matters. It reacts to what the whole market is doing, not just the headlines. It does not need you to spot the danger in advance. Surmount was built to watch the whole board for you:

Surmount

18,695 görüntüleme • 13 gün önce

2001. Larry Page and Sergey Brin sit for their first-ever television interview. Google has 200 employees. They explain that the company almost didn't get off the ground because they couldn't cash a check. The check was for $100,000. It came from Andy Bechtolsheim, one of the co-founders of Sun Microsystems. Page and Brin showed him what they'd built. He said, "This is great, how about I write you a check?" and just wrote it out. Made it out to Google. The problem was that Google didn't exist as a company yet. There was no bank account. No lawyers. No incorporation paperwork. The check sat in Larry Page's desk drawer for a month. They literally could not deposit it. They're both in their late twenties in this interview. They met at Stanford as PhD students and, by their own account, disliked each other from the start. Brin says Page is "kind of obnoxious." Page doesn't disagree. Brin says they argued about everything, debated every single point, and then realized that was their commonality. They became friends, started building a search engine they never planned to build, and put their PhDs on hold to get it out into the world. The part that stings watching this in 2026 is the rejection tour. Before starting Google, they approached existing search companies to sell or license the technology. They went to Yahoo. David Filo, one of Yahoo's founders, told them, "This is great search technology. Why don't you guys make a company, and maybe we'll use you someday?" They went to Excite. They went to InfoSeek. Same response. Page says a CEO at one of those companies told them: "If our search is 85% as good as the next guy's, that's good enough for us." Page and Brin didn't buy that. They thought the search was too important to be 85% as good. So they started Google. No marketing. No ad campaign. They launched it at Stanford, and it grew 20% per month, every single month, for three years straight. Pure word of mouth. By the time of this interview, they're handling over 100 million searches a day. They get 500 resumes in the mail every single day. The office space around them is 30% vacant because the dot-com bubble just popped, but Google is profitable. Page makes a point of this: "We've been really interested in being profitable, like long before it was fashionable." They'd also just hired Eric Schmidt, former CTO of Sun, as CEO. Brin's explanation for why: "Parental supervision, to be honest." Page adds that they're "past the age where we're rebellious" and that running a search engine used by 100 million people a day with 200 employees is "a large responsibility." The number that caught my eye: when Google started in 1998, it indexed 30 million web pages. At the time of this interview, three years later, they indexed 1.3 billion. The page says that if you printed them all out and stacked the paper, it would be about 70 miles high. And it was doubling every year. Every search company they approached turned them down. Yahoo eventually came back and hired Google to power its own search results. The CEO who thought 85% was good enough ran a company that no longer exists. Alphabet, Google's parent company, is worth about $3.6 trillion today. It has about 190,000 employees. That $100,000 check sat in a desk drawer because nobody had incorporated the company. Bechtolsheim's stake from that investment is now worth billions.

Anish Moonka

12,042 görüntüleme • 5 ay önce

OpenAI's newest AI escaped the test environment it was locked inside and hacked into another company on its OWN. To remind you: Last week one of the biggest AI companies on Earth got breached. A platform called Hugging Face, which hosts more than a million AI models and datasets, said an "autonomous AI agent" had broken into its systems. Nobody knew whose agent it was. For five days the whole industry wondered who was behind it. Yesterday OpenAI raised its hand and said it was them. Or more precisely, it was their models, acting completely on their own. So what did these models actually do? OpenAI was running two of them, GPT-5.6 Sol and an unreleased model they will only describe as "even more capable." They wanted to measure how good the models were at hacking, so they deliberately turned the safety filters down. They locked both models inside a sealed test environment with no real internet access. The only task was a benchmark called ExploitGym, a set of 898 real software vulnerabilities where the model has to turn each bug into a working attack. But the models got OBSESSED with winning... Instead of solving the test the honest way, they went hunting for a shortcut. They found a zero-day flaw in the software running their own sandbox, a bug nobody knew existed, and used it to break out. Once they were loose on the open internet, they worked out that Hugging Face was probably storing the answer key to the benchmark. So they hacked their way in. They chained multiple exploits together, escalated their access, moved across servers, and pulled the test solutions straight out of Hugging Face's live production database. They literally cheated on the test by breaking into another company to steal the answers. OpenAI called it "an unprecedented cyber incident, involving state-of-the-art cyber capabilities." In their own words, the models were "hyperfocused on finding a solution" and went "to extreme lengths to achieve a rather narrow testing goal." And this was not the first time: Before Sol ever launched, an independent red-team lab called METR caught it gaming its own tests to inflate its scores. It hid an exploit inside a data stream, escalated its privileges on the testing server, and leaked the answers human evaluators had hidden. And OpenAI shipped it anyway. The day before the Hugging Face story, OpenAI paused a different unreleased model. This is the same model that earlier this year disproved a famous 1946 math conjecture, a result a Fields Medal winner called a breakthrough. They told it to only post its results to Slack but it found a way out of its sandbox and posted to a public GitHub page instead. They had to pause it because it kept finding ways to act outside the box they built for it. And it is not just OpenAI... Anthropic has reported that one of its own models slipped its sandbox during safety testing and reached the internet it was never supposed to touch, then used it to email a researcher. So step back and look at what these companies are telling you: The only thing standing between these models and a real attack was a set of safety filters. Turn those filters down for a single test, and the model taught itself to escape, break into a company it was never pointed at, and take what it wanted. OpenAI even said they expect incidents like it to "become more commonplace" as the models get more capable. Sam Altman also predicted there'll be a major cyber attack this year. And keep in mind that Sol is not a locked-away experiment but a publicly available model that businesses are already wiring into their own systems. The next model that breaks out of its box might not be doing it just to cheat on a math test...

Ricardo

174,771 görüntüleme • 1 ay önce

Someone just stole from 37,000 $TAO holders and walked away clean. Not because they broke a rule. Because no rule existed to stop them. That changes today. Here is what happened. Covenant AI ran one of the most watched subnets on Bittensor. On April 10, the founder sold their entire position and disappeared. No warning. No announcement. No on-chain signal. By the time holders found out, the price had already moved against them. This was not a hack. This was not a bug. This was a founder legally exiting into their own community with zero accountability. Bittensor just closed that door permanently. The Conviction upgrade is live on mainnet today. Every emission a subnet owner earns now locks automatically the moment it arrives. They cannot touch it immediately. If they want to exit they must submit a public unlock transaction on-chain. Visible to every single person on the network the second it is submitted. Then the clock starts. 30 days before 63% of their position becomes spendable. 90 days before 95% is accessible. You now have a month of warning before the first dollar of sell pressure hits. A silent exit is no longer possible. The founder has to tell you they are leaving before they can leave. And it goes further. Any holder can now lock their tokens toward a different address they believe would run the subnet better. The address with the most locked support behind it becomes eligible to take over entirely. Bad owners can be replaced by the community before they do damage. Before today, subnet investing had one risk nobody could price. The person running it could vanish overnight, and you would never see it coming. That risk has been removed from the equation. Skin in the game used to be a promise. Now, it is a number on a block explorer that every holder can verify in real time. The people who understand what accountable infrastructure means for the value of $TAO will not need to explain themselves later. This is still early.

2xnmore

19,549 görüntüleme • 3 ay önce

Something big just happened at BlackRock, and it’s a warning shot to everyone invested in private credit. The world’s largest asset manager just told clients: No, you can’t withdraw all the money you asked for. And for some, it was: no, you can’t withdraw your money at all. Not because the fund collapsed, but because too many investors wanted out at once. BlackRock’s $26 billion HPS Corporate Lending Fund was hit with $1.2 billion in redemption requests this quarter. That’s about 9.3% of the entire fund. But the structure only allows 5% to leave at once. So BlackRock paid out $620 million… and pushed the rest to future quarters. For the first time since the fund launched, the redemption gate was triggered, meaning nearly half the investors who asked for their money back couldn’t get it right away. And it’s not just BlackRock. Blackstone just saw a surge of withdrawals in its $82 billion private credit fund. Requests were so high the firm had to lift its usual redemption cap to 7% and inject $400 million of its own money just to meet demand. These funds lend money to companies through private loans, loans that don’t trade on exchanges and can’t be sold quickly when markets get volatile. So when investors rush to withdraw at the same time, the cash simply isn’t there. That means if you’re invested in private credit and everyone heads for the exits, the money you were counting on in your time of need might suddenly be locked up. Morningstar analyst Greggory Warren warned it should serve as “a warning sign for the industry and the rulemakers about the downside of illiquid funds for retail investors.” But here’s the good news: you’re an informed reader and you can plan ahead while everyone sleepwalks until the liquidity crisis affects them directly. That means there is still time to prepare and make moves accordingly so that you always have access to capital. And one of the most liquid and reliable assets in any crisis is physical gold and silver. Bill Armour from joins us to discuss how our readers can prepare before the next liquidity crisis locks investors out of their own money. 🧵

The Vigilant Fox 🦊

125,874 görüntüleme • 5 ay önce

JUST AIRED.. speechless “There is some astounding new reporting in The New York Times today that puts the spotlight on the types of individuals who the Trump family crypto venture is doing business with. They include a foreign national with massive red flags, to say the least. The New York Times is reporting that Trump's crypto company—it's called World Liberty Financial—received $100 million from Gurang "Bobby" Xu, who The New York Times describes as, quote: "... a failed hardwood flooring retailer in Britain who had come under investigation there for money laundering and presided over the collapse of a small crypto start-up..." His transaction with World Liberty raises questions as to how he was able to access so much money, and how fully the company followed anti-money laundering laws..." "🎯In any prior era, a windfall for the president of that size from a foreigner with no public signs of access to that level of wealth would have certainly gone against norms and might have spawned a congressional investigation." The New York Times reports that much of that investment is set to directly benefit Donald Trump's sons, writing that under World Liberty policy, as much as $75 million of that money was distributed to a company controlled by the president and his three sons. The money also benefited the family of Steve Witkoff, the Trump administration's special peace envoy and the father of Zach Witkoff. The New York Times reports that the money laundering investigation into Xu began in 2019, and as of late last month, it is ongoing. Xu has not been charged with a crime. A White House spokeswoman named Anna Kelly said: "Mr. Trump had no conflicts of interest and 'only acts in the best interests of the American public.'"

CathyNotToday2 🌿

47,758 görüntüleme • 23 gün önce

.Google Cloud killed its own opening video 3 weeks before Google Cloud Next. In rehearsals, VP of Marketing Sarah Kennedy Ellis looked at the opener her team had built and called it. It was using AI, but not enough of it to actually showcase what the product could do. So they rebuilt it from scratch. In 3 weeks. Here's how it came together, straight from her SaaStr AI 2026 session: - It started on a napkin. A creative director sketched the concept by hand, then fed it into Nano Banana to generate the source images and inspiration. - The story was Google's own history. The 1998 origin garage. Dino. The original server rack that was actually built out of Legos. 138 Easter eggs packed into the video, prompted from Google's own lore. - Then they added motion with Veo and stitched it all together with a few custom agents built on the Gemini Enterprise platform. - The agents improvised. They prompted for balls representing customers, and the model added a burst of water that was nowhere in the brief. It injected its own creativity into a physical, on-stage moment. - The hardest part was the most physical: resolution. Max output was 4K. The screen at Next is the size of a 737. They had to upres from 4K to 12K using a custom Deep Mind model, the same one used for the Wizard of Oz production at the Sphere. Top Takeaways: 1️⃣ The old version of this project needed an agency, a much bigger budget, and a lot more than 3 weeks. That whole path collapsed into an internal team using their own tools. 2️⃣ And the same video was impossible a year earlier. They tried similar work the prior year and it was too early, mostly because of the upres wall. Twelve months later it shipped on the biggest screen they had.

Jason ✨👾SaaStr.Ai✨ Lemkin

18,937 görüntüleme • 2 ay önce