World Liberty Financial, the Trump family-backed crypto venture, has rejected claims that it sold millions in Ethereum ETH/USD this week during ongoing market instability.

What Happened: Responding to reports that the platform offloaded over $8 million in ETH at a steep loss, a spokesperson for the project told Decrypt that such allegations are “wholly inaccurate” and that the firm “has not sold any positions as currently reported.”

The controversy stems from data circulated by Arkham Intelligence, which flagged a wallet that sold 5,471 ETH on Wednesday, coinciding with heavy crypto market losses tied to President Trump’s unpredictable tariff announcements.

Arkham’s CEO, Miguel…

Read more on Benzinga