Trump Family just rugpulled $150 Million from the Dolomite lending platform - using a deposit of their illiquid WLFI from their treasury causing users to be unable to recover their funds they 'staked for yield'

WLFI the Trump family Crypto 'project' just lent WLFI tokens "currently valued" at ~$440M from their treasury, but there is obviously not enough liquidity to sell that many tokens so if they tried to sell the value would obviously crash. They then used the valued of their treasury tokens to pull $150M tokens from the platform, causing the platform to hold 50% of the value in WLFI. Users obviously seeing this as a major red flag are trying to get out and have reported either being unable to or having a hard time getting their funds back that they were 'staking for yield'.

Also worth noting the co founder of Dolemite is also a co founder of WLFI, raising serious concerns of the team performing an exit scam on Dolemite yield farmers

https://www.cryptotimes.io/2026/04/10/wlfi-borrows-150m-usdc-on-dolomite-while-team-defends-the-move/

Has more details.