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sexual assault

The Trumps’ World Liberty has invested in the Falcon Finance “synthetic stablecoin” project that recently depegged after concerns over dubious collateral. (“Synthetic stablecoin” is the new name for “algorithmic stablecoins”, an unpopular term since the Terra collapse.)

Falcon shares a founder with DWF Labs, a company that has also separately partnered with the Trumps’ World Liberty. DWF Labs’ managing partner Andrei Grachev is a convicted fraudster in Russia, and in April (a week before the DWF/WLF deal) tweeted jubilantly, “[it’s] crime szn bro”.

DWF Labs has separately faced multiple scandals, including allegations of pump-and-dumps and wash trading. Last fall, they fired a partner who was accused of drugging a job applicant and trying to coerce her into his hotel room.

DWF Labs and Falcon Finance
World Liberty Financial has invested $10 million into Falcon Finance, creator of a “synthetic stablecoin” that recently depegged for several days after questions about potentially dubious collateral.36 (“Synthetic stablecoin” is the new term for “algorithmic stablecoin”, a phrase that fell out of favor after algostablecoins like Terra collapsed in multi-billion dollar fiascoes in 2022.)

Falcon shares a co-founder with the Dubai-based DWF Labs, which purchased $25 million of WLFI tokens in April and announced plans to open a New York office. “Our visibility in the U.S. has been increased because of this deal,” said managing partner Andrei Grachev, explaining the decision to open the office. “We would like to have direct dialogue with the policymakers.”37 World Liberty Financial co-founder Zak Folkman described DWF Labs as a “partner” that would “help accelerate” World Liberty.38

DWF’s Grachev previously ran the Moscow branch of the Huobi (now HTX) crypto exchange, and has close ties to the Russian state-owned bank VEB. Before Huobi, Grachev was convicted of fraud in Russia after he set up a fake shipping firm; while on probation, he was accused of participating in multiple cryptocurrency scams.3940 Grachev resigned as Huobi Russia’s CEO in 2019 amid further scam allegations. DWF Labs, only a few years old, has itself been embroiled in scandal after scandal, including pump-and-dump allegations, wash trading allegations, and accusations that a firm partner drugged a female job applicant and tried to coerce her into his hotel room with promises of “inside information”. (DWF Labs denied the market manipulation allegations, and fired the partner accused of assault.)414239

In April, a week before DWF Labs’ WLFI purchase and office announcement, Grachev tweeted “it is a crime szn bro”, responding to a reply to another tweet where he wrote he was “enjoying [the] market nowadays, it is freaking volatile, real Wild Wild West”.43

Molly White
@molly0xfff@hachyderm.io

Justin Sun’s “Sundog” memecoin tweeted a meme depicting its mascot controlling puppet strings attached to the White House, with the caption “You never truly know who’s pulling the strings... 🤫”

Sun has spent around $213 million on Trump-connected cryptocurrency ventures.

Justin Sun
With his recent announcement of another $100 million purchase of $TRUMP memecoins, Justin Sun’s total contributions to Trump-connected cryptocurrency projects has come to around $213 million. On July 24, Sun’s “Sundog” memecoin, themed around a smirking corgi, posted a meme on Twitter depicting the mascot controlling puppet strings attached to the White House, with the caption “You never truly know who’s pulling the strings... 🤫”

Molly White
@molly0xfff@hachyderm.io

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