Wu Blockchain (@WuBlockchain): WSJ: Trump Family Crypto Project-Linked AI Financial in Talks to Sell Core Business for Up to $15M

WSJ: Trump Family Crypto Project-Linked AI Financial in Talks to Sell Core Business for Up to $15M According to The Wall Street Journal, AI Financial, formerly Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain company Perpetuals com for up to $15 million. The company had previously come under the control of Trump family crypto project World Liberty Financial through WLFI tokens, and later raised $750 million to buy more WLFI. After the deal, WLFI fell 70%, while AI Financial’s shares dropped more than 90%, leaving its market value at about $80 million. WSJ said the Trump family is entitled to 75% of proceeds from WLFI token sales, and AI Financial’s WLFI purchases generated about $540 million in cash for Trump-related entities.