Investors saw steep loss while Trump family ‘made $500 million from crypto coin deal’

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyle(AP)AI Financial Corp., formerly Alt5 Sigma, is facing potential collapse after its stock price plummeted following transactions involving $1.5 billion in cryptocurrency with World Liberty Financial, a company partially owned by Trump family members, according to a CNBC report on Monday.The deal, which included trading company shares and selling stock to investors for World Liberty Financial tokens, reportedly resulted in approximately $500 million in gains for Donald Trump and his family. Less than a year after the crypto deal, AI Financial Corp.'s shares are down 93 percent, trading at 68 cents, and the company faces delisting from Nasdaq if its stock does not recover. The Democracy Defenders Fund has called for a Securities and Exchange Commission probe into the matter, with former New Jersey Attorney General Matthew Platkin citing "serious red flags" that warrant investigation. While a Trump Organization spokesperson denied direct involvement of Don Jr. and Eric in ALT5, and a White House spokesperson stated Trump's assets are in a trust, AI Financial's spokesperson dismissed the accusations as "unfounded speculation." In fullTrump family ‘made $500 million from crypto coin deal’ — before the bottom fell out on individual investorsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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