Good now revolutionaries — Episode 17 of Trust Issues is here, and we spent nearly the entire episode doing a deep dive on World Liberty Financial that somehow got more unhinged as it went on.

Emily walked us through the full structure: the two Trump-affiliated tokens (WLFI and USD1), the $500M MGX investment from Abu Dhabi, Binance's 80% concentration of USD1, and the layered LLC structure — CIC Digital, Fight Fight Fight, and DT Marks DeFi — all of which are publicly documented on an OGE Form 278E that apparently nobody read. Trump is literally listed as manager, president, secretary, and treasurer of CIC Digital, which owns a controlling stake in Fight Fight Fight, which flows 75% of WLFI revenue back to DT Marks DeFi — which still lists Trump personally as owner and controller. One layer of separation. Insulting.

Then we got to AquaOne: a company created two weeks before it made a $100 million deal with World Liberty, whose wallet has on-chain ties to North Korean hackers via Bybit and OKEx. And then Emily dropped the thing that made Lindsay's closing thought fall apart: Aqua One committed $500M in USD1 for Middle Eastern regional infrastructure — meaning foreign governments are now accumulating the president's company's stablecoin in place of US dollars. As a geopolitical weapon, that is nightmare territory.

We also covered the wave of crypto protocol hacks this week (Kraken, Cowswap, Awaken Tax), Lindsay's move to Delphi Digital, and Emily's Tinder-for-jeans app that accidentally turned into a dead internet theory experiment on Reddit.

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