Yesterday, we covered what happened when World Liberty Financial’s treasury deposited 3 billion WLFI governance tokens as collateral into its own lending platform and borrowed 50 million of its own stablecoin against them. The pool hit negative liquidity. The structure was circular by design, with WLFI controlling the collateral, the debt, and the platform simultaneously. … Continue reading Trump’s Crypto Project That Borrowed From Itself Now Has a Sanctions Problem Too