Recent events
2025-12-02
Other facts
PRIMARY
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.
2025-05-15
Transactions
PRIMARY
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…
2025-01-27
Transactions
PRIMARY
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…
2024-09-15
Transactions
PRIMARY
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…
2024-09-15
Other facts
PRIMARY
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.
2024-09-03
Other facts
PRIMARY
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…
2024-08-18
Transactions
PRIMARY
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…
2024-08-15
Other facts
PRIMARY
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…
2024-07-23
Transactions
PRIMARY
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…
2024-07-13
Transactions
PRIMARY
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…
2024-07-12
Transactions
PRIMARY
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…
2024-06-15
Other facts
PRIMARY
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.
