WLFI refutes Wall Street Journal's' defamatory reporting '

2025-05-23 14:39

Odaily Planet Daily News: Zak Folkman (@ zakfolkman), co-founder of World Liberty Financial (WLFI), released a statement through the X official account, refuting an article recently published by The Wall Street Journal that was "full of fiction, misleading, and political bias". Folkman pointed out that the report aims to defame honest entrepreneurial behavior through false narratives and insinuations. Folkman clarified: WLFI was established a few months before President Trump's re-election. Ambassador Steve Witkoff is completely divesting his shares in WLFI and will not participate in the company's operations or financial decisions. He himself went to Pakistan to explore opportunities for collaboration with his personal friend Bilal bin Saqib, a relationship that predates the so-called "Pakistan Cryptocurrency Commission" or the cryptocurrency headlines that WSJ attempted to create, and CZ did not introduce them to each other. WLFI has never discussed government business anywhere and has not coordinated with the US government. The claim that WLFI token sales allow for "undisclosed foreign influence" is false, as each token sale complies with Reg D and Reg S regulations and undergoes KYC for each purchaser. Gentry Beach is not related to WLFI. WLFI has not claimed that any transaction "may contribute to the expansion plans of its US partners," and this quote is fictitious. Zach Witkoff's claim that President Trump is his "godfather" is absurd. As a Jew, he did not teach his parents and would not say such things.

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