A Chinese national, charged with fraud by the SEC, just sent Donald Trump $18 million

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Submitted ⁨⁨4⁩ ⁨weeks⁩ ago⁩ by ⁨Garibaldee@lemm.ee⁩ to ⁨globalnews@lemmy.zip⁩

https://popular.info/p/a-chinese-national-charged-with-fraud

archive.ph: archive.ph/WEHZ5

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greenshirtdenimjeans@sh.itjust.works ⁨4⁩ ⁨weeks⁩ ago

While Trump has the cash, Sun’s tokens are effectively worthless. To comply with U.S. securities law, WLF tokens are “non-transferable and locked indefinitely in a wallet or smart contract until such time, if ever, [WLF tokens] are unlocked through protocol governance procedures in a fashion that does not contravene applicable law.” The only thing that Sun can do with his tokens is participate in the “governance” of World Liberty Financial. Right now, the only thing World Liberty Financial does is sell tokens.

Seems legit

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