Two Prime Digital Assets CEO: World Liberty Financial ‘a clever grift’

Alexander Blume, CEO of Two Prime Digital Assets, said that the strategy of the Trump family's DeFi project, World Liberty Financial (WLFI), looks similar to Strategy (formerly MicroStrategy), but that World Liberty Financial is “a clever grift." He told The Block that Strategy raises funds through stocks and convertible bonds and uses them to buy Bitcoin. Similarly, World Liberty Financial aims to sell tokens and invest the proceeds in projects. Although these two strategies seem similar, WLFI token holders have no real claim to the reserves. Only World Liberty Financial management has access and control over them.