Summary
- The Trump family is expected to earn 500 million dollars from the sale of World Liberty Financial's WLFI tokens.
- WLFI tokens were sold to Alt5 Sigma for 750 million dollars, and Alt5 Sigma was said to be a subsidiary acquired by World Liberty Financial.
- It was reported that this transaction allows World Liberty Financial to exert direct influence over Alt5 Sigma.
The crypto asset (cryptocurrency) project World Liberty Financial (WLFI), in which U.S. President Donald Trump and his two sons are involved, has been revealed to have executed a large-scale crypto asset (cryptocurrency) transaction. The Trump family is expected to earn a total of 500 million dollars from this deal.
On the 1st (KST), according to crypto media Cryptopolitan, World Liberty Financial sold WLFI tokens worth 750 million dollars to Alt5 Sigma. Alt5 Sigma is effectively a subsidiary that World Liberty Financial acquired last August.
After World Liberty Financial acquired Alt5 Sigma, Alt5 Sigma sought to raise 1.5 billion dollars through common stock and private placements. It was reported that these funds were also used for the purchase of WLFI tokens.
The profit the Trump family is expected to earn from this transaction is 500 million dollars, which amounts to 75% of the total sale proceeds.
Also, World Liberty Financial will be able to exercise direct influence over Alt5 Sigma. Jack Witkoff, co-founder of World Liberty Financial, will be chairman of Alt5 Sigma, and Eric Trump, the president's second son, will join Alt5 Sigma's board of directors.
Uk Jin
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