World Liberty Financial Denies Selling Ether Amidst Claims of Losses
World Liberty Financial, a decentralized finance project linked to Donald Trump's family, refutes allegations of selling Ether, maintaining that it hasn't divested any holdings despite significant unrealized losses.
World Liberty Financial, a decentralized finance project associated with Donald Trump’s family, has officially dismissed reports claiming it sold ether (ETH) earlier this week.
A wallet reportedly linked to World Liberty Financial was identified by blockchain data firm Arkham, stating that it sold $8 million worth of ether, following more than $125 million in unrealized losses over recent months.
Key Points:
- The project firmly denies selling ETH or any other financial positions.
- It continues to face substantial losses after acquiring various assets.
In a statement issued to CoinDesk, a representative from World Liberty Financial said: “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate. WLFI has not sold any positions as currently reported. Speculation to the contrary is false.”
Currently, ether is trading at approximately $1,553, having recovered from its previous loss after the sales claim. Eric Trump indicated earlier that it was a “great time to buy” ETH back in February when it traded at $2,880.
Arkham has not responded to CoinDesk’s inquiries for comments.
