WLFI Clarifies $60 Million Ethereum Transactions
- World Liberty Financial (WLFI) linked to US President-elect Donald Trump, clarified $60 million Ethereum transactions.
- The project stated these movements are routine treasury management, not asset sales.
- WLFI converted 103 Wrapped Bitcoin (WBTC) into 3,075 Ethereum (ETH), valued at $9.89 million.
- It deposited 18,536 ETH, worth nearly $59.8 million, into Coinbase.
- WLFI incurred a $5 million loss from recent asset allocations.
World Liberty Financial addressed concerns about its recent Ethereum transactions by stating they are part of standard treasury management practices and not indicative of token sales. The project experienced a $5 million loss in its latest asset reallocations.
