ZachXBT: Warren's accusation that WLFI's fundraising involved illegal funds is "unfounded," as it only accounts for 0.0018%.
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TL;DR
ZachXBT refutes Elizabeth Warren's claim that $10,000 of WLFI's $550M token sale was illicit, noting it's only 0.0018% of the total. He argues regulators are unfairly targeting crypto with weak allegations, warning Hyperliquid could be next.
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ZachXBTElizabeth WarrenWLFIcrypto regulationillicit funds
According to Mars Finance, ZachXBT, a blockchain analyst, published an article on the X platform stating that Senate Banking Committee Ranking Democrat Elizabeth Warren claimed that $10,000 of funds raised by the Trump family's crypto project World Liberty Financial came from illicit sources. However, WLFI's token sale totaled $550 million, representing only 0.0018% of the total. This is akin to Warren claiming to be Native American, but tests show she only has 0.195% Native American ancestry. ZachXBT added that he does not hold WLFI tokens and did not participate in the token sale, pointing out that this issue arises because regulators are attempting to attack the crypto industry using flimsy "illicit funding allegations." If the crackdown on WLFI succeeds, Hyperliquid might be next.