World Liberty Financial (worldlibertyfinance.ai) (WLFI)

It's insane that Trump convinced UAE & Abu Dhabi royalty to invest $2.5 billion into $WLFI and then never looked back.

Thanks for playing I guess. https://t.co/M2M2dnOiiX

WSJ: Trump-Linked AI Financial Explores Sale of Core Business

The company is reportedly in talks to sell its payments business for up to $15 million, as it restructures following steep declines in $WLFI token value and its own share price. https://t.co/hfxrhTQ6j4

According to the Wall Street Journal, the Trump family's crypto project World Liberty Financial once gained control of AI Financial (formerly Alt5 Sigma) via the WLFI token. AI Financial subsequently raised $750 million to purchase more WLFI; AI Financial is now in talks with Tokyo blockchain company Perpetuals com to sell its core payment business, with a deal up to $15 million, terms not yet finalized, and the transaction may change or fail. The payment business generated $25 million in revenue last year, the only revenue source for AI Financial. WLFI then dropped 70%, and AI Financial's share price has fallen over 90% since the related transaction, with a market cap of about $80 million; however, under World Liberty's token sale arrangement, the Trump family is entitled to 75% of WLFI sales revenue, and AI Financial's purchase of WLFI brought about $540 million in cash inflow. Perpetuals com also agreed to explore offering World Liberty's USD1 stablecoin to European investors and authorized AI Financial to use its trading engine.
https://t.co/Q5hritSKgM