The Trump family's involvement in the cryptocurrency venture, Alt5 Sigma, has become a cautionary tale for investors. The company, now named AI Financial Corp., was once celebrated by Eric Trump and Donald Trump Jr. for its partnership with World Liberty Financial, a crypto company co-founded by the Trump brothers. However, the partnership has since unraveled, leaving investors with steep losses and the company facing the prospect of delisting from the Nasdaq. The Trump family's direct gains from the August Alt5 transaction were estimated at around $500 million, but the company's stock price has plummeted, resulting in a 93% loss. This has raised questions about the Trump family's role in the company and the potential conflicts of interest. The SEC has been approached for an investigation, but has declined to comment. The story of AI Financial serves as a reminder of the risks associated with Trump-linked deals and the importance of due diligence for investors.
