Donald Trump Jr. denies rumors World Liberty Financial is falling apart

At the Consensus event in Miami, Donald Trump Jr. and World Liberty Financial (WLFI) CEO Zach Witkoff denied social media rumors suggesting the crypto platform is unraveling. Trump Jr. attributed these narratives to "bot-farm based" misinformation. The comments follow a defamation lawsuit filed by WLFI against Tron founder Justin Sun, who is accused of using influencers and bots to spread false claims. Conversely, Sun has sued WLFI in California, alleging the company unfairly froze his tokens.

Additionally, Witkoff dismissed claims that the Trump family had abandoned the project following a temporary website redesign. The executives also defended their stablecoin, USD1, asserting that it maintains "real-time proof of reserves" through a partnership with Chainlink, allowing users to verify holdings on-chain.

(Source：CoinDesk)