- 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."
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