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Stock impact report

Trump-backed DeFi Project World Liberty Financial Investigations Raise More Questions Than Answers [Yahoo! Finance]

Above Food Ingredients Inc. (ABVE) 
Company Research Source: Yahoo! Finance
Recent scrutiny has focused on Aqua 1 Foundation, a mysterious UAE-based entity that purchased $100 million worth of WLFI. DWF Labs's role supporting World Liberty Financial's stablecoin, USD1, has also raised suspicions. To detractors, World Liberty Financial (WLFI) is little more than a front for the highest level of corruption—a back door through which anyone can channel funds to the President of the United States and his family with almost no transparency into where the money comes from. Journalists have repeatedly tried to identify who is behind some of WLFI's biggest financiers But what they uncover typically leads to more questions than answers. A recent focus of scrutiny has been Aqua 1 Foundation, an obscure UAE-based entity that purchased $100 million worth of WLFI's governance token, WLFI, in June. The investment drew attention not only because of its size, but because Aqua 1 was virtually unknown before it appeared as one of WLFI's most significant backers. Show less Read more
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