Bruno Škvorc’s Funds Locked by Trump Family-Linked Crypto Project

Bruno Škvorc, founder of RMRK, accuses the Trump family-linked crypto project WLFI of locking and permanently seizing his tokens, posting his allegations publicly on the X platform.

Škvorc’s accusations spotlight concerns over token security and dispute resolution in crypto, emphasizing participants’ vulnerability to arbitrary actions by influential projects without transparent governance mechanisms.

Škvorc Accuses Trump-Linked WLFI of Fund Theft

Bruno Škvorc, the founder of RMRK, accused the Trump family’s crypto project WLFI of locking his funds, claiming no legal means to retrieve them. The dispute emerged after Škvorc’s account was mislabeled high-risk, resulting in exclusive asset control for WLFI.

The event underscores risks associated with external crypto projects, particularly those with opaque governance structures. Such cases highlight the importance of investor protection and the inherent challenges in the decentralized financial landscape. For deeper analysis on these challenges, check this related article.

“We have received a response from the Trump family’s crypto project WLFI. The tokens cannot be unlocked. Simply put, they stole my money. Because they are members of the Trump family, I can’t do anything. They are the modern American mafia. No one can complain, no one can argue, and no one can sue. That’s it…” – Bruno Škvorc, Founder, RMRK

Crypto Mislabeling Continues to Threaten Asset Security

Did you know? In crypto history, misidentification as a “high-risk” user has previously led to disputes over control and ownership of digital assets, but legal resolution options remain limited due to lack of clear regulatory guidelines.

According to CoinMarketCap, Ethereum (ETH) currently trades at $4,301.92 with a market cap of 519.26 billion. In the last 24 hours, trading volume decreased by 3.91% to 34.72 billion. Over 90 days, ETH’s price rose by 71.21%.

The Coincu research team observes potential legal repercussions for similar scenarios in the crypto industry. Strengthening regulatory frameworks could help mitigate investor risks related to project internal governance and securities. Meanwhile, updates on WLFI token unlock continue to pique interest.