According to TechFlow, on October 16, according to the official website, three Chinese people including the former Paxos CEO and Scroll co-founder were directly involved in the Trump family's encryption project WLFI. Among them, former Paxos CEO Rich Teo served as a member of the project team as the director of stablecoin and payment; Scroll co-founder Sandy Peng and Ankr founder Ryan Fang joined as consultants.