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Tensions have been escalating recently between US President Donald Trump and his family’s DeFi project, World Liberty Financial ($WLFI), and Tron (TRX) founder Justin Sun.
$WLFI is allegedly collapsing amidst ongoing lawsuits and disputes between both sides.
Donald Trump Jr., son of Donald Trump and co-founder of $WLFI, responded to these allegations. According to Donald Trump Jr., he denied the rumors that World Liberty Financial was collapsing.
Speaking at the Consensus event in Miami, Donald Trump Jr. addressed recent online rumors surrounding the bankruptcy of World Liberty Financial.
And $WLFI denied the bankruptcy rumors and alleged media manipulation.
Donald Trump Jr. said that not everything the media reports is true and that these stories are often fabricated or manipulated.
He added that critics and some media outlets were deliberately spreading misleading news about $WLFI.
Recently, rumors regarding $WLFI’s financial status and operational sustainability have begun circulating in some communities and on social media. The market is closely monitoring the impact of this controversy on the credibility of the $WLFI project and investor sentiment.
*This is not investment advice.