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Trump family 'made $500 million from crypto coin deal' -- before the bottom fell out on individual investors
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Trump family 'made $500 million from crypto coin deal' -- before the bottom fell out on individual investors

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— Ai Summary —

President Donald Trump and family members are reportedly netting about $500 million from a deal that involved selling $1.5 billion in cryptocurrency to Alt5 Sigma, which was later renamed AI Financial Corp. The arrangement also included Alt5 selling $750 million worth of its stock to investors at $7.50 a share, with most proceeds paid to World Liberty Financial for WLFI tokens. The Trump family is said to be entitled to 75% of the proceeds, amounting to roughly $500 million after fees. Alt5’s shares recently traded around 68 cents, down about 93% from a year earlier, near a 52-week low of 63 cents. Calls for an SEC probe were raised by the Democracy Defenders Fund; regulators declined comment, while White House and Trump Organization deny conflicts.

AI-generated summary • Source: Yahoo • Read the full article for complete information.
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