ZachXBT: Warren's accusation that WLFI fundraising involves illegal funds is "groundless," accounting for only 0.0018%

ChainCatcher news: "On-chain detective" ZachXBT posted on X, stating that Elizabeth Warren, the top Democrat on the U.S. Senate Banking Committee, claimed that $10,000 of illegal funds were involved in the fundraising process of the Trump family crypto project World Liberty Financial. However, the token sale of WLFI reached as much as $550 millions, meaning the alleged illegal funds accounted for only 0.0018%. ZachXBT compared this to Warren's claim of being Native American, while tests showed she only had 0.195% Native American ancestry.

ZachXBT added that he does not hold WLFI tokens nor participated in the token sale, and pointed out this issue because regulators are trying to attack the crypto industry with unfounded "illegal funds accusations." He warned that if the crackdown on WLFI succeeds, Hyperliquid could be next.