Eric Trump, a son of US president Donald Trump, may no longer be a member of the investment company Board Alt5 Sigma as part of a World Liberty Financial deal.
According to an August 25th filing with the US Securities and Exchange Commission (SEC), ALT5 SIGMA assigned Eric Trump and World Liberty Financial co-founder Zach Folkman as board observers rather than members.
The company reported that Trump’s position was “to comply with the rules in the NASDAQ list” and are still subject to the approval of stockholders.
The filing appeared to oppose the previous notices that Trump joined the board. In an announcement of August 11, Alt5 Sigma said to lift it up $ 1.5 billion for the Corporate Treasury of World Liberty Financial – a deal with Trump who has become a board director. At the time of publication, he was listed as a board director on the Alt5 Sigma website.
Alt5 Sigma is a company listed in NASDAQ that provides crypto infrastructure services. This is original Runned Under the name Janone, a Biotech dedicated company, before rebraning in mid-2024 to focus on digital properties.
https://www.youtube.com/watch?v=vkc5qcrvdc0
According to SEC Filings, Alt5 Sigma received $ 750 million worth of WLFI tokens from the crypto company, one million shares, and “pre-funded warrants” to buy up to the additional 99 million distribution as part of the deal.
Cointelegraph reached the Alt5 Sigma and World Liberty Financial for the comment, but did not receive a response at the time of publication.
Related: Crypto company tied to crypto Alt5 Sigma refused gossip on SEC investigation
Zach Witkoff, the son of the US special envoy of the US president in the Middle East, Steve Witkoff, and another co-founder of World Liberty’s Financial Financial, is listed as chairman of the Alt5 Sigma board.
The US president’s relationship with Crypto adventures increases his family’s wealth
Ever since Trump’s office in January, his family’s wealth increased by potential billion -billions of dollars Through crypto adventures like World Liberty Financial, his personal Memecoin, official Trump (Trump), his family supported by the American Bitcoin family and deals through the Trump Media and Technology Group, the parent company of the society in the society of reality.
In the last eight days, the American Bitcoin’s sharing began to trade with Nasdaq, and World Liberty locked 24.6 billion WLFI tokens – a move that Trump’s family’s token stake was given An appreciation of nearly $ 5 billion at that time.
World Liberty faced investigation from some users who said the company Their tokens are locked Due to the “high risk” from their crypto wallets.
Tron founder Justin Sun, one of the company’s largest supporters, reported on Thursday that World Liberty has Blacklisted his wallet address After transferring 50 million WLFI tokens to Cryptocurrency Exchange HTX. A WLFI user has suggested Opening the object with a management vote.
