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World Liberty defends $75M loan on Dolomite, denies Justin Sun's lawsuit claims

Market News
14 May 2026
Blockonomi
View Source
Neutral
pluang ai news

World Liberty co-founder Zak Folkman explained that the $75 million loan on Dolomite Markets was small relative to the $5 billion WLFI tokens posted as collateral and aimed to boost liquidity and utilization. Despite concerns from DeFi analysts about risks, Folkman emphasized transparency and that the loan posed no threat to lenders. Additionally, World Liberty rejected allegations from Justin Sun's lawsuit claiming token freezes and governance exclusion, filing a defamation case and asserting all contract terms were public and clear. The company also noted increased scrutiny due to its ties with Donald Trump, which has both helped and complicated its growth.

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