Bloomberg: The Trump family could earn at least $15 million from WLFI

2024-12-03 08:28:10

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ChainCatcher news, according to Bloomberg, Sun Yuchen recently announced an investment of $30 million in the Trump family's DeFi project WLFI, exceeding its minimum sales target. According to the terms detailed in WLFI's "Gold Paper," the Trump family can now receive at least $15 million.

Previous news, the Trump family's cryptocurrency project World Liberty Financial released a 13-page "World Liberty Gold Paper" document, detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while bearing no liabilities.

The remaining 25% of the net agreement income will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its profit rights to Trump associate and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.

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