Trump’s Crypto Partners Shift Away from Old Clients, Focus on New Venture

Following a high-profile crypto platform hack that wiped out millions for investors, two former entrepreneurs, Chase Herro and Zak Folkman, have turned their focus to a new venture, partnering with Donald Trump and his sons. This move follows the collapse of their previous platform, Dough Finance, where they had abandoned hundreds of clients after it suffered a major security breach in May 2024. 550 million dollars worth of tokens was sold, with Herro and Folkman pocketing at least $65 million while receiving an estimated $400 million from the Trump family. The newly formed venture, World Liberty Financial, has garnered significant attention due to its association with the former president, raising questions about ethical considerations in the cryptocurrency space.