Pending Review
Prior to Dough Finance, Folkman operated 'Date Hotter Girls LLC,' a pick-up-artist advice platform offering 'masterclasses' on how to 'Become the Ultimate Alpha Male.' Herro formerly operated a crypto trading firm called Pacer Capital and served prison time for drug-related charges.
Added: 02 May 2026
Pending Review
The Dough Finance website is now effectively shut down behind a password wall with virtually no assets — total value locked (TVL) of approximately $2,288 as tracked by DefiLlama.
Added: 02 May 2026
Pending Review
Herro and Folkman earned at least $65 million from World Liberty Financial's token sales through their entity Axiom Management Group, while Dough Finance users remained uncompensated. The Trump family earned approximately $400 million.
Date: 2025-05
Added: 02 May 2026
Pending Review
On December 2, 2025, the court denied Herro's motion to compel arbitration but granted his motion to dismiss, setting a trial date for April 2026 in Miami federal court.
Date: 2025-12-02
Added: 02 May 2026
Pending Review
Jonathan Lopez, a Miami-based investor who deposited $1M in ETH into Dough Finance in May 2024, filed a lawsuit against Chase Herro on January 27, 2025 in the U.S. District Court for the Southern District of Florida (Case No. 25-cv-20405-JB), alleging fraud, negligent misrepresentation, breach of fiduciary duty, and violation of Florida securities laws.
Date: 2025-01-27
Added: 02 May 2026
Pending Review
All four key Dough Finance team members — Herro, Folkman, Octavian Lojnita, and 0xboga — were listed on WLF's white paper as project leads. 0xboga is credited as an author in Dough Finance's on-chain source code at Etherscan address 0x9f54e8eaa9658316bb8006e03fff1cb191aafbe6.
Added: 02 May 2026
Pending Review
World Liberty Financial's whitepaper described a credit account system built on Aave and Ethereum — strikingly similar to Dough Finance. A review of the since-deleted GitHub codebase showed early versions of WLF appeared to have lifted code directly from Dough Finance.
Date: 2024-09-03
Added: 02 May 2026
Pending Review
Within two months of the hack, Herro and Folkman resurfaced as co-founders of World Liberty Financial with Donald Trump and his three sons. Herro became WLF's data and strategies lead; Folkman became head of operations.
Date: 2024-09
Added: 02 May 2026
Pending Review
In September 2024, approximately $180,000 worth of ETH was sent from a Dough account to 134 digital wallets. Eight Dough users told Reuters they received no repayment. Only ~$281K of ~$2.1−$2.5M stolen was recovered in total.
Date: 2024-09
Added: 02 May 2026
Pending Review
In August 2024, Dough Finance announced it would issue proprietary DOUGH tokens equivalent to remaining missing funds, redeemable for ETH if additional assets were recovered. No further recoveries have been announced, and recipients described the tokens as 'worth nothing.'
Date: 2024-08
Added: 02 May 2026
Pending Review
Co-founder Zachary Folkman promised on Telegram on July 12, 2024: 'We will not stop until everyone is made whole.' Chase Herro texted investor Jonathan Lopez: 'I said we'd take care of it.' Both founders abruptly stopped communicating by August 18, 2024 and deleted Telegram groups.
Date: 2024-08-18
Added: 02 May 2026
Pending Review
Dough Finance published a post-mortem on Medium on July 23, 2024 acknowledging 'our mistake' in the code, stating approximately $281,000 had been recovered by counter-hacking firm SEAL 911, and promising pro-rata distribution to affected users.
Date: 2024-07-23
Added: 02 May 2026
Pending Review
Cyvers security detected the attack in real time; the attacker used the Railgun privacy protocol to obfuscate fund origins, converted all stolen USDC to ETH, and deposited 600 ETH into Tornado Cash by July 13, 2024. Total loss estimated at ~$1.8−$2.5 million depending on source.
Date: 2024-07-13
Added: 02 May 2026
Pending Review
On July 12, 2024, Dough Finance was exploited for approximately $2.1 million via multiple flash loan transactions. The attacker exploited arbitrary call vulnerabilities in the Dough ConnectorDeleverageParaswap contracts to transfer WETH directly from vulnerable contracts. A white-hat hacker returned 69.12 ETH (~$260K).
Date: 2024-07-12
Added: 02 May 2026
Pending Review
Dough Finance was co-founded by Chase Herro (data and strategies) and Zachary Folkman (operations), with Octavian Lojnita (smart contracts) and pseudonymous developer 0xboga (front-end) also on the team.
Date: 2024
Added: 02 May 2026
Pending Review
Dough Finance was a DeFi lending protocol built on Ethereum and Aave, enabling non-custodial liquidity markets where users could supply and borrow assets, including high-risk 'looping' (leveraged borrowing).
Added: 02 May 2026
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