The Bad Place
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mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
·
18h ago
The Daily Beast Latest Articles | Eric Trump Vanishes From Troubled Firm as Crypto Woes Mount by Leigh Kimmins
AI generated summary, Read the full article for complete information.
Eric Trump has been quietly removed from the leadership page of Alt5 Sigma Corp.—now rebranding as AI Financial Corp.—a Las Vegas fintech firm closely tied to his family’s crypto venture, World Liberty Financial. Once listed as a board director (later reduced to a non‑voting board observer), his name vanished by early March amid mounting legal and financial turmoil for the Trump‑linked crypto project. The company, which had previously stockpiled World Liberty tokens, is now facing a high‑profile lawsuit from crypto billionaire Justin Sun, who accuses it of extortion and freezing his tokens, costing him $276 million in potential gains. Alt5’s shares have plummeted about 90 % since the token announcement, it reported a $341 million loss in its most recent fiscal year, and it warned of “substantial doubts” about surviving another year. The firm’s leadership has also been unstable, cycling through three CEOs in a few weeks and enduring internal investigations, while the broader Trump crypto empire sees declining token values and ongoing legal challenges.
Read more: https://www.thedailybeast.com/eric-trump-vanishes-from-troubled-firm-as-crypto-woes-mount/
#EricTrump #Alt5Sigma #WorldLiberty #JustinSun #Trumpfamily
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