World Liberty Financial Redistributes Assets Ahead of Donald Trump's Inauguration
Date: 2025-01-16 Author: Oliver Abernathy Categories: BUSINESS
Arkham analysts reported that a crypto wallet associated with the Trump family's project has redistributed millions of dollars in assets. According to blockchain data, 103.1493 WBTC were exchanged for 3,075.198 ETH, equivalent to approximately $9.917 million, via the platform. Another transaction involved the conversion of 16.6199 WBTC into 1.7 million USDT via Cow Protocol. Following this, 11,917.635 ETH, worth approximately $38.396 million, were transferred to Coinbase Prime.
World Liberty Financial released a statement on social media, emphasizing that these transfers are part of standard wealth management. The company representatives stated:
"We conduct regular crypto asset transactions to optimize financial management. These transactions are necessary to pay fees, cover expenses, and meet ongoing business needs. We want to clarify that we do not sell tokens, but only redistribute assets for standard business purposes."
World Liberty Financial was founded by Donald Trump in September 2024 and is presented as a project in the field of decentralized finance. Trump's sons Eric, Donald Jr., and Barron are involved in its development. However, the details of the company's work remain unclear, which raises questions in the crypto community.
