#احتيال At the level

The crypto company affiliated with the Trump family printed 5 billion of their own tokens WLFI, used it as collateral, then borrowed in the form of USDC!

They control the money printing mechanisms and hold the smart contract keys, claiming they are "centralized finance applications..."

👈 They printed tokens and put them as collateral
👈 Borrowed $75 million in stablecoins
👈 Sent a large portion directly to Coinbase Prime (Conversion gateway to cash)

💀 And worse:
• Lending platform? Its advisor is from within the project itself
• They now make up about 55% of the entire protocol’s liquidity
• The utilization rate of the lending fund reached 93%

👈 Translation:
Regular users who deposited their money?
They cannot withdraw. The funds are almost frozen.

⚠️ The real danger:

All this system is backed by a token with low liquidity
If WLFI’s price drops:
→ Liquidations begin
→ The token price crashes
→ Collateral becomes worthless
→ The protocol faces bad debts
→ Individual depositors lose their money
🧠 What is actually happening:

It’s not a hack. And not a technical flaw.
But:
👈 Circular collateral (Circular collateral)
👈 Insiders borrow against tokens they printed themselves
👈 Withdraw real liquidity (USDC) from the system
🔥 And it doesn’t stop here:

• Billions more WLFI transferred to unknown wallets
• About $266 million… destination unknown

This kind of structure means:
Fake value → used as collateral → to extract real money

And if the system collapses?
Regular users bear the loss
$USDC
#GateLaunchesPreIPOS #GateSpotDerivativesBothTop3 #USIranCeasefireTalksFaceSetbacks #CanaryFilesSpotPEPEETF