WLFI refutes Wall Street Journal's "defamatory report"

Odaily Planet Daily News World Liberty Financial (WLFI) co-founder Zak Folkman (@zakfolkman) issued a statement through the official account of X, refuting an article recently published by the Wall Street Journal that was "full of fiction, misleading and political tendencies." Folkman pointed out that the report aims to discredit honest entrepreneurial behavior through false narratives and innuendos. Folkman clarified: WLFI was founded a few months before President Trump was re-elected. Ambassador Steve Witkoff is completely divesting his shares in WLFI and is not involved in the company's operations or financial decisions. He went to Pakistan to explore cooperation opportunities with his personal friend Bilal bin Saqib, a relationship that predates the so-called "Pakistan Crypto Committee" or the cryptocurrency headlines that WSJ tried to render, and CZ never introduced them. WLFI has never discussed government business anywhere, nor has it coordinated with the US government. The claim that WLFI token sales allowed for “undisclosed foreign influence” is false, each token sale was compliant with Reg D and Reg S regulations and KYC was performed on each purchaser. Gentry Beach has no connection with WLFI. No one at WLFI claims that any transaction “may have aided the expansion plans of US partners”, the quote is fictitious. Zach Witkoff’s claim that President Trump is his “godfather” is ridiculous, as he is Jewish and has no godparents, he would not say such a thing.