Trump-Linked WLFI Offers "Direct Access" for $5M Stake | CoinDesk Daily
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CoinDesk
4.7 • 698 Ratings
🗓️ 16 March 2026
⏱️ 3 minutes
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| 0:00.0 | World Liberty Financial offers direct access to the team for $5 million and block fills files for bankruptcy. |
| 0:06.9 | This is CoinDesk Daily. I'm Jen Sanassi. |
| 0:15.2 | Discover Nexo, the premier digital wealth platform, now in the U.S. |
| 0:19.0 | Get started today at nexo.com slash coin desk. |
| 0:22.2 | World Liberty Financial just approved a proposal that effectively puts a $5 million |
| 0:26.0 | price tag on direct access to its team. |
| 0:29.3 | The defy protocol linked to the Trump family passed a governance vote introducing a |
| 0:33.4 | three-tier staking system for its WLFI token. |
| 0:36.9 | To reach the highest tier, users must lock up |
| 0:39.1 | 50 million tokens, roughly a $5 million investment in return. Their promise direct access to the |
| 0:45.3 | WLFI team for partnership discussions. A spokesperson clarified that direct access refers to the |
| 0:52.0 | business development team, not necessarily founders like |
| 0:55.2 | Eric or Baron Trump. Still, the requirement acts as a major financial filter. WLFI says it's |
| 1:02.0 | overwhelmed with partnership requests and the $5 million threshold is meant to ensure only serious |
| 1:07.8 | well-capitalized players get a seat at the table. |
| 1:17.6 | The proposal passed with 99.12% support, though more than 76% of the voting power came from just 10 wallets. |
| 1:19.2 | Chicago-based crypto firm Blockfills filed for Chapter 11 bankruptcy in Delaware over the weekend. |
| 1:24.5 | According to court filings, the company reports assets of up to $100 million, |
| 1:28.9 | but liabilities that could reach as high as half a billion. The filing comes after a difficult |
| 1:34.3 | few weeks for the lender. Blockville's halted customer withdrawals in February after suffering |
| 1:39.1 | roughly $75 million in losses. This situation escalated last week when a federal judge issued a temporary |
| 1:45.6 | restraining order against the firm following a lawsuit from Dominion Capital. Dominion alleges |
... |
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