Foresight News reported, according to Bloomberg, that the cryptocurrency project - World Liberty Financial, promoted by former U.S. President Donald Trump, has completed its second token sale, raising a total of $550 million, with $30 million reserved for company expenses. According to the offering document for World Liberty's initial token sale, Trump and his associated company DT Marks DEFI LLC will receive 75% of the net proceeds as fees - $390 million.

Additionally, token purchasers are currently prohibited from reselling the tokens and have no rights to any profits. The project launched its initial token sale in mid-October last year, marketing to both U.S. and non-U.S. investors.