Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

Trump launched a “crypto platform” called The DeFiant Ones

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Sep 3, 2024.

Page 3 of 3
  1. Sep 18, 2024 at 11:41 AM #41
    BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

    6,329
    1,287
    3,103
    Oct 11, 2011
    Imagine how dumb you have to be to invest in this.
     
    • Agree Agree x 1
  2. Sep 18, 2024 at 11:45 AM #42
    WarDamnGator

    WarDamnGator GC Hall of Fame

    10,365
    1,271
    1,718
    Apr 8, 2007
    It also sounds like they are just trying to build a crypto exchange, which there are already at least 500 operating…
     
  3. Sep 18, 2024 at 11:56 AM #43
    WarDamnGator

    WarDamnGator GC Hall of Fame

    10,365
    1,271
    1,718
    Apr 8, 2007
    Some info about the tech genius behind this…. It’s apparently just a rebranding of their last project, which failed and was hacked for 2 million….

    The pair spearheading the project – Zak Folkman and Chase Herro – are not well-known in the crypto world. CoinDesk previously reported that the duo was responsible for Dough Finance, a DeFi product that failed to gain traction and was hacked for $2 million over the summer.

    The pitch outlined in World Liberty Financial's white paper closely resembles that of Dough. Both platforms are modeled as user-friendly interfaces for accessing Aave, a popular Ethereum-based lending market, and some of the early code for the Trump-backed crypto app appears to have been lifted directly from Herro and Folkman's older project.

    Outside of crypto, Folkman and Herro are the founders of Subify, a censorship-free subscription platform similar to OnlyFans that is best known for its association with the influencer Logan Paul.

    Folkman, who registered the LLC for World Liberty Financial, used to deliver seminars advising men on how to pick up women. According to a Bloomberg report published last week, Herro has promoted himself as the "dirtbag of the internet" and has promoted failed cryptocurrencies, colon cleanses and get-rich-quick classes    .

    Trump's Crypto Gambit: What We Know About the Launch of World Liberty Financial

    BTW, when a failing crypto project get “hacked”, and since it’s mostly untraceable, some people wonder if it was really was hacked, or just the insiders cashing out….
     
    • Informative Informative x 2
  4. Sep 18, 2024 at 12:19 PM #44
    mdgator05

    mdgator05 Premium Member

    15,442
    1,967
    1,718
    Dec 9, 2010
    It is interesting that Trump seems to be going back to his 2000s-2010s business model (any white collar criminal that wants to juice their "business" can license his name and put it on their scam).
     
    • Agree Agree x 1
  5. Sep 18, 2024 at 1:35 PM #45
    VAg8r1

    VAg8r1 GC Hall of Fame

    19,920
    1,596
    1,513
    Apr 8, 2007
    I understand that if Trump is elected he will issue an immediate pardon for Sam Bankman-Fried and offer him a partnership with Eric and Don Jr. considering that Bankman-Fried has considerable experience running a crypto exchange not to mention that he has also demonstrated that he has the ethics of a member of the Trump crime family.
    Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
    NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
    U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and finding that he lied during his trial testimony. A jury found Bankman-Fried, 32, guilty on Nov. 2 on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history.
     
    Last edited: Sep 18, 2024 at 5:08 PM
  6. Sep 18, 2024 at 4:19 PM #46
    G8trGr8t

    G8trGr8t Premium Member

    30,515
    11,762
    3,693
    Aug 26, 2008
    Major judicial shift is what got done
     
  7. Sep 18, 2024 at 5:47 PM #47
    citygator

    citygator VIP Member

    10,453
    2,329
    3,303
    Apr 3, 2007
    Charlotte
    This was very important with 50 days till the election

     
  8. Sep 18, 2024 at 6:17 PM #48
    gator_jo

    gator_jo All American

    472
    105
    158
    Aug 9, 2024
    It's a much better vehicle for bribery directed to Trump from investors. Perfect for that, in fact.
     
    • Agree Agree x 1
  9. Sep 19, 2024 at 10:21 AM #49
    citygator

    citygator VIP Member

    10,453
    2,329
    3,303
    Apr 3, 2007
    Charlotte
    Daily show with a solid summary.

     
    • Funny Funny x 1
    • Best Post Ever Best Post Ever x 1
Page 3 of 3