Trump-Linked Crypto Partners Bolt After Hack—Walk Away With Millions

When the platform got hacked, the ’strategic partners’ did what crypto insiders do best—cut losses and cash out. No white knights here.

Behind the scenes: The same team that touted their political connections quietly abandoned users amid the breach. Classic ’number go up’ ethics at work.

Bonus jab: Another masterclass in ’decentralized accountability’—where the only thing truly distributed is the blame.

Trump’s WLFI under fire over its associations

Despite the controversy and ongoing lawsuit, WLFI has continued to back Folkman and Herro. In an emailed statement, Eric Trump, executive vice president at WLFI, defended the pair and praised their performance.

“We are proud of the entire team. They have overachieved our wildest goals and our current trajectory is nothing short of incredible.” Eric Trump, WLFI.

Folkman and Herro are not the only contentious figures linked to WLFI. TRON founder Justin Sun joined the venture as an advisor in December 2024 after investing $30 million in the firm. Sun has long been a controversial figure and has previously faced several investigations by the Securities and Exchange Commission.

Since Sun became a WLFI advisor, the SEC dropped its investigations of Sun’s sale of BitTorrent and Rainberry tokens. This prompted Democrat legislators to demand an investigation into Trump’s crypto ventures.