Gate News update: U.S. President Trump’s family crypto project World Liberty Financial (WLFI) has been rated “D” by the new rating agency CORE3, making it one of the highest-risk investment projects in the industry. CORE3 provides public and transparent risk assessments for decentralized finance (DeFi) protocols, centralized exchanges, and cryptocurrency companies by analyzing the likelihood of project funding losses, with the goal of improving industry safety.
Dyma Budorin, CEO of the HAI Group behind blockchain security firm Hacken, said many crypto projects are still focused on quick profits, while overlooking risk management and security. He noted that WLFI’s loss probability score is as high as 68.01, currently placing it in the bottom 50 of CORE3’s ratings, just behind some low-scoring projects such as the real-estate investment platform RealT.
The rating reflects multiple risks facing WLFI, including a lack of ongoing on-chain monitoring, no structured bug bounty program, and the fact that most tokens are concentrated in the hands of insiders. Budorin emphasized that these factors can lead to delayed responses to security incidents and increase the opportunities for attackers to exploit vulnerabilities. CORE3’s scoring system is fully disclosed, allowing anyone to look up the specific basis for the scores and submit information to adjust the rating.
The rating comes as more and more traditional financial institutions are seeking crypto-asset investments. CORE3 hopes to provide investors with a reliable reference. At the recently concluded EthCC conference, several crypto companies said that institutional investors need more complete risk assessments before they can feel comfortable moving ahead. Budorin also said CORE3 welcomes industry feedback and may improve its methodology in the future to increase the accuracy of ratings and industry safety standards.
WLFI has not yet issued an official response to the rating, but this “D”-level risk warning will undoubtedly draw investors’ attention to high-risk crypto projects and directly affect market decisions. (DL News)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily (April 17): Musk’s X Money hits a roadblock with New York crypto regulation; Yuga Labs appoints a new CEO
Bitcoin (BTC) is flat at $74,920. A ceasefire between Israel and Lebanon has taken effect, and Trump says Iran agreed not to develop nuclear weapons. Mizuho Bank warns that Musk’s X Money could be affected by New York’s crypto regulation. Yuga Labs replaces its CEO: Greg Solano becomes Chairman of the Board, and Michael Figge takes over. The market is broadly optimistic. A record-high Bitcoin buying wave in the past decade has emerged, suggesting the price may be moving toward $90,000.
MarketWhisper04-17 01:37
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews04-16 11:51
Gate Daily Report (April 16): Tether may have purchased 951 BTC; Virginia enacts crypto property law
Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.
MarketWhisper04-16 01:46
Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards
Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.
GateNews04-15 07:12
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
