The post Donald Trump Is Now a DeFi Enthusiast. Here’s Why It Matters appeared on BitcoinEthereumNews.com.

Technically, it is Trump’s sons Eric and Donald Jr., alongside the puzzling designation of 18-year-old Barron Trump as “Chief DeFi Visionary,” who are leading this initiative. Behind the scenes, Chase Herro – a figure with a controversial past and history of dubious ventures – emerges as the project’s real architect. The whitepaper, seen by CoinDesk, shows early iterations copied the code base of Dough Finance, which lost $1.8 million in a flash attack in July. Technical development is believed to be entirely outsourced to third parties, leaving an even higher chance of hacks, like those the FBI warns are being carried out by North Korea. Source: https://www.coindesk.com/opinion/2024/09/17/donald-trump-is-now-a-defi-enthusiast-heres-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ September 17, 2024 3:23 pm