Onchain data shows WLFI deposited 5 billion of its own tokens as collateral to borrow stablecoins it then sent to Coinbase Prime, pushing a lending pool to 100% utilization and leaving depositors unable to withdraw. World Liberty Financial, a Trump family–backed crypto venture, pledged 5 billion WLFI tokens on the Dolomite lending platform to borrow $75 million in stablecoins, draining the protocol's USD1 pool and sending more than $40 million to Coinbase Prime. The WLFI token dropped near…
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