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BTCC / BTCC Square / Global Cryptocurrency /
Trump-Linked Crypto Partners Abandoned Past Clients for MAGA-Backed Venture

Trump-Linked Crypto Partners Abandoned Past Clients for MAGA-Backed Venture

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-20 06:21:01
0

Former operators of the defunct Dough Finance, Herro and Folkman, left hundreds of investors with millions in losses after a July 2024 hack drained funds—including $1 million from Miami trader Jonathan Lopez. The duo resurfaced with World Liberty Financial, a crypto venture now funneling capital to Trump-affiliated interests.

Dough’s collapse stemmed from exploitable code flaws, exposing high-risk strategies like "looping" that Herro personally promoted. "We get reward(s) for the risks we take," he told Lopez before the breach. The incident underscores recurring vulnerabilities in influencer-driven crypto schemes.

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