BBC News | Trump family's crypto firm sued over alleged 'extortion'

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The Trump family’s World Liberty crypto venture is being sued by billionaire founder Justin Sun, who alleges the firm – co‑founded by Donald and Eric Trump – illegally froze his WLFI tokens, stripped his voting rights and threatened to “burn” the tokens, constituting an extortion scheme; Sun, who invested $45 million in World Liberty and once saw his tokens valued at over $1 billion, claims the company misled investors, used the Trump brand for fraudulent profit, and blocked him from selling any tokens despite promises of future tradability, while World Liberty denies the accusations and calls Sun’s claims baseless.

Read more: https://www.bbc.com/news/articles/c8x7kxjgq9xo?at_medium=RSS&at_campaign=rss

#JustinSun #DonaldTrump #EricTrump #WorldLiberty #TRONnetwork #ChaseHerro #ElizabethWarren #DevinNunes #KevinMcGurn

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The Daily Beast Latest Articles | Trump Media CEO Replaced After Stock Plunge Wipeout by Leigh Kimmins

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Trump Media & Technology Group, the parent of Truth Social, announced that former congressman Devin Nunes is stepping down as chief executive and will be replaced on an interim basis by digital‑media executive Kevin McGurn, offering no explanation or timeline for a permanent successor. The move comes as the company battles severe financial distress—its DJT shares have tumbled 67% since the 2024 IPO, wiping out more than $6 billion in investor value, with reported revenue of just $3.7 million against a net loss of over $712 million and accumulated losses exceeding $1.1 billion. Founded as a free‑speech alternative after Trump’s ban from mainstream platforms, Truth Social has struggled to attract a broad audience and has repeatedly pivoted into ventures such as cryptocurrency, prediction markets, a proposed merger with fusion‑energy firm TAE Technologies, and a potential spin‑off. Ethical concerns persist over the overlap between Trump’s public office and his business interests, while a lawsuit filed by entrepreneur Justin Sun accuses the Trump family’s World Liberty Financial crypto project of improperly freezing tokens.

Read more: https://www.thedailybeast.com/trump-media-ceo-replaced-after-stock-plunge-wipeout/

#DevinNunes #DonaldTrump #TrumpMedia #TruthSocial #DJT #KevinMcGurn #JustinSun

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"Devin Nunes was not an obvious choice to run a fledgling social media network, but after $1.1 billion in losses, the former dairy farmer and congressman is out as the head of Truth Social."

#TruthSocial #SocialMedia #DevinNunes #LoserTrump #DumpTrump #Trump
https://www.motherjones.com/politics/2026/04/truth-social-ceo-out-after-1-1-billion-in-losses/

Politico: Former Republican Rep. Devin Nunes out as Trump Media CEO. “The C-suite overhaul lands after years of repeated losses at Trump Media, a company that was once billed as a conservative challenger to Silicon Valley giants and the next gem in Trump’s vast business empire. The company recorded a net loss of more than $712 million and revenues of $3.7 million in 2025.”

Trump’s Media Company Names Kevin McGurn Its Interim CEO As Devin Nunes Exits
#News #Politics #DevinNunes #DonaldTrump #ElectionLine #KevinMcGurn #TrumpMediaandTechnologyGroup #TruthSocial

https://deadline.com/2026/04/trump-truth-social-ceo-devin-nunes-exits-1236867514/

new Trump crime family crypto SPAC is called "Renatus Tactical Acquisition Corp I" and is registered in the Cayman Islands because "America First".

(by "Trump crime family" I don't mean like, Trump's kids. the people involved here are Devin Nunes (CEO of Truth Social) and some guys from the original DWAC SPAC that gave us #DJT.

also a reminder that #TruthSocial had already announced it would be using its capital to "invest" in #cryptocurrency a few months ago.

https://www.fintechweekly.com/magazine/articles/trump-media-executives-launch-179-million-usd-spac-aimed-at-crypto-and-blockchain-deals

#SPAC #SPACs #uspol #trump #corruption #crypto #blockchain #EricSwider #AlexanderCano #DevinNunes #DJT #TrumpCoin

Trump Media announced plans to partner with partner Yorkville America and Crypto. com to launch exchange-traded products and funds (ETFs) through the Truth. Fi brand - products will have a 'Made in America' focus and be available in US & internationally

#TrumpMedia #TMTG #DJT #Cryptocom #YorkvilleAmerica #DevinNunes

https://www.sec.gov/Archives/edgar/data/1849635/000114036125010057/ef20046041_ex99-1.htm