🚨 CRYPTO: WORLD LIBERTY FINANCIAL BORROWED $75M AGAINST ITS OWN TOKEN ON INSIDER-ADVISED PROTOCOL
On-chain data reviewed by CoinDesk shows World Liberty Financial deposited 5 billion $WLFI tokens as collateral on DeFi lending protocol Dolomite to borrow $75 million in stablecoins, then sent over $40 million to Coinbase Prime. The collateral is nominally valued at roughly $440 million but trades with limited market depth, raising bad debt concerns if liquidation triggers.
Dolomite co-founder Corey Caplan is a World Liberty Financial advisor, creating a direct insider relationship between borrower and protocol. The borrowing drained Dolomite's USD1 pool to 100% utilization, leaving existing depositors unable to withdraw. WLFI now represents roughly 55% of Dolomite's entire $835.7 million in supply liquidity.
The WLFI token dropped nearly 10% to a record low following the transactions. An additional 3 billion WLFI tokens worth $266 million were sent to a separate Gnosis Safe wallet in early April with no clear destination yet visible on-chain.
https://x.com/bscnews/status/2042324671270465561?s=46
This is a project I don’t speak about for good reason. I have had my doubts on it from the go. Sure there are some great partnerships with the WLFI group. However, when there is blatant insider trading occurring within the governance structure there is an issue. We will update as we know more…
On-chain data reviewed by CoinDesk shows World Liberty Financial deposited 5 billion $WLFI tokens as collateral on DeFi lending protocol Dolomite to borrow $75 million in stablecoins, then sent over $40 million to Coinbase Prime. The collateral is nominally valued at roughly $440 million but trades with limited market depth, raising bad debt concerns if liquidation triggers.
Dolomite co-founder Corey Caplan is a World Liberty Financial advisor, creating a direct insider relationship between borrower and protocol. The borrowing drained Dolomite's USD1 pool to 100% utilization, leaving existing depositors unable to withdraw. WLFI now represents roughly 55% of Dolomite's entire $835.7 million in supply liquidity.
The WLFI token dropped nearly 10% to a record low following the transactions. An additional 3 billion WLFI tokens worth $266 million were sent to a separate Gnosis Safe wallet in early April with no clear destination yet visible on-chain.
https://x.com/bscnews/status/2042324671270465561?s=46
This is a project I don’t speak about for good reason. I have had my doubts on it from the go. Sure there are some great partnerships with the WLFI group. However, when there is blatant insider trading occurring within the governance structure there is an issue. We will update as we know more…
X (formerly Twitter)
BSCN (@BSCNews) on X
🚨 CRYPTO: WORLD LIBERTY FINANCIAL BORROWED $75M AGAINST ITS OWN TOKEN ON INSIDER-ADVISED PROTOCOL
On-chain data reviewed by CoinDesk shows World Liberty Financial deposited 5 billion $WLFI tokens as collateral on DeFi lending protocol Dolomite to borrow…
On-chain data reviewed by CoinDesk shows World Liberty Financial deposited 5 billion $WLFI tokens as collateral on DeFi lending protocol Dolomite to borrow…
Forwarded from MAYHEM MEL NEWS
Customs seizes gold, foreign currency worth Rs190 million at Karachi airport https://profit.pakistantoday.com.pk/2026/04/10/customs-seizes-gold-foreign-currency-worth-rs190-million-at-karachi-airport/
Profit by Pakistan Today
Customs seizes gold, foreign currency worth Rs190 million at Karachi airport - Profit by Pakistan Today
281 tolas jewellery, gold bars, $33,100 and 366,000 dirhams recovered from passenger arriving from Abu Dhabi
Forwarded from TifaniesweT 🇨🇭
Croatia issues first crypto licence under MiCA as Electrocoin gains full approval | Croatia Week
https://www.croatiaweek.com/croatia-first-mica-crypto-licence-electrocoin/
https://www.croatiaweek.com/croatia-first-mica-crypto-licence-electrocoin/
Croatia Week
Croatia issues first crypto licence under MiCA as Electrocoin gains full approval
ZAGREB, 10 April (Hina) - The Management Board of the Croatian Financial Services Supervisory Agency (Hanfa) has approved Zagreb-based Electrocoin to operate as a Crypto Asset Service Provider (CASP), in line with the EU Markets in Crypto-Assets Regulation…
Forwarded from Enthéos
🦅 Right On Schedule 🦅
All remaining that has not yet come to pass
Shall come to pass
BELIEVE!
https://truthsocial.com/@realDonaldTrump/116380657463593385
All remaining that has not yet come to pass
Shall come to pass
BELIEVE!
https://truthsocial.com/@realDonaldTrump/116380657463593385
Forwarded from Breakfast with Tiffany
Intelligent Living
Spain and Morocco Revive Strait of Gibraltar Rail Tunnel Studies as Hormuz Chokepoint Takes Hold for Secure Africa-Europe Mediterranean…
Spain and Morocco revive the Strait of Gibraltar rail tunnel studies to secure a Mediterranean trade corridor and mitigate global maritime chokepoint risks.
Forwarded from RVhighlights
☝️
Prolotario
@Prolotario1
🇮🇶 IQD Update: This Is Another Channel You All Should Follow:
What You Need To Know
To expound upon one comment made regarding the banks. Because the banks definitely not expanding existing customers. To echoe one comment under the original post.
They are hardening capacity for the incoming cohort of previously invisible high-net-worth holders whose suppressed foreign currency positions become tradable the moment forex windows crack open on long-frozen or program-rated assets. Which ofcourse would be the Iraqi Dinar and other currency.
What Have We Been Discussing?
Basel 3 revised capital rules demand higher-quality, risk-sensitive reserves. Banks cannot wait for the influx; they are tripling dedicated wealth desks, accelerating hiring in private banking and compliance, and opening new branches at pace precisely because compliant, auditable settlement of large-scale conversions must be seamless from day one. This is not speculation it is capital allocation in direct response to the transparency rails now activating.
Ripple-Enabled Rails and RLUSD Integration
Blockchain settlement layers (via licensed institutions and stablecoin compliance) are standing up in advance. These systems allow deterministic, on-chain movement that bypasses legacy correspondent bottlenecks. So when Iraq’s parallel-market gap narrows and rate reactivation occurs, dinar balances held outside official channels can convert without the old skims or delays.
As I reported yesterday on my Patreon. The April 11 parliamentary session to elect a president serves as the constitutional starter pistol. Once resolved, it unlocks stalled government formation, budget execution, and hydrocarbon law progress. This directly feeds the July 2026 cashless mandate full elimination of cash in state institutions which forces traceable electronic rails. IQD holders positioned with authenticated physical or custodial holdings gain the cleanest path to liquidity once those rails go live.
People you all need to understand. Nothing is static in the banking system. What I mean is that institutions are pre-loading desks, advisors, KYC/AML teams, and custody solutions specifically for this wave. When the event hits, walk-in or custodial exchanges will favor those already verified and documented. Delaying means competing in the crush. This is why I keep telling you all to do the leg work and meet up with banking management. Not tellers! Get your foot in the door as soon as you can. Watch how fast time passes.
New high-net-worth clients from suppressed currencies require enhanced due diligence under tightened rules. Banks are building the infrastructure so conversions clear without freezing accounts or triggering flags. Holders who authenticate notes, maintain clean provenance, and understand tiered reporting thresholds will clear fastest. The mistake people are making is assuming banks are not prioritizing their books for those who hold Iraqi Dinar. This is a big mistake. Stop thinking this way. They know you are out there.
One More Thing To Note
The old extraction model relied on suppressed rates and opaque flows to feed black channels. Banks’ current expansion is the visible scar tissue of that model breaking. IQD holders are not betting on a miracle flip they are sitting at the edge of a mechanical unlock where traceable dinar becomes convertible under the new auditable architecture. Prepare documentation, verify holdings, and align with institutions already hardening for the volume. The wave favors the ready, not the hopeful.
6:19 AM · Apr 9, 2026
Prolotario
@Prolotario1
🇮🇶 IQD Update: This Is Another Channel You All Should Follow:
What You Need To Know
To expound upon one comment made regarding the banks. Because the banks definitely not expanding existing customers. To echoe one comment under the original post.
They are hardening capacity for the incoming cohort of previously invisible high-net-worth holders whose suppressed foreign currency positions become tradable the moment forex windows crack open on long-frozen or program-rated assets. Which ofcourse would be the Iraqi Dinar and other currency.
What Have We Been Discussing?
Basel 3 revised capital rules demand higher-quality, risk-sensitive reserves. Banks cannot wait for the influx; they are tripling dedicated wealth desks, accelerating hiring in private banking and compliance, and opening new branches at pace precisely because compliant, auditable settlement of large-scale conversions must be seamless from day one. This is not speculation it is capital allocation in direct response to the transparency rails now activating.
Ripple-Enabled Rails and RLUSD Integration
Blockchain settlement layers (via licensed institutions and stablecoin compliance) are standing up in advance. These systems allow deterministic, on-chain movement that bypasses legacy correspondent bottlenecks. So when Iraq’s parallel-market gap narrows and rate reactivation occurs, dinar balances held outside official channels can convert without the old skims or delays.
As I reported yesterday on my Patreon. The April 11 parliamentary session to elect a president serves as the constitutional starter pistol. Once resolved, it unlocks stalled government formation, budget execution, and hydrocarbon law progress. This directly feeds the July 2026 cashless mandate full elimination of cash in state institutions which forces traceable electronic rails. IQD holders positioned with authenticated physical or custodial holdings gain the cleanest path to liquidity once those rails go live.
People you all need to understand. Nothing is static in the banking system. What I mean is that institutions are pre-loading desks, advisors, KYC/AML teams, and custody solutions specifically for this wave. When the event hits, walk-in or custodial exchanges will favor those already verified and documented. Delaying means competing in the crush. This is why I keep telling you all to do the leg work and meet up with banking management. Not tellers! Get your foot in the door as soon as you can. Watch how fast time passes.
New high-net-worth clients from suppressed currencies require enhanced due diligence under tightened rules. Banks are building the infrastructure so conversions clear without freezing accounts or triggering flags. Holders who authenticate notes, maintain clean provenance, and understand tiered reporting thresholds will clear fastest. The mistake people are making is assuming banks are not prioritizing their books for those who hold Iraqi Dinar. This is a big mistake. Stop thinking this way. They know you are out there.
One More Thing To Note
The old extraction model relied on suppressed rates and opaque flows to feed black channels. Banks’ current expansion is the visible scar tissue of that model breaking. IQD holders are not betting on a miracle flip they are sitting at the edge of a mechanical unlock where traceable dinar becomes convertible under the new auditable architecture. Prepare documentation, verify holdings, and align with institutions already hardening for the volume. The wave favors the ready, not the hopeful.
6:19 AM · Apr 9, 2026
Forwarded from The Yorkshire Lass