The Daily Beast Latest Articles | Eric Trump Vanishes From Troubled Firm as Crypto Woes Mount by Leigh Kimmins

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Eric Trump has been quietly removed from the leadership page of Alt5 Sigma Corp.—now rebranding as AI Financial Corp.—a Las Vegas fintech firm closely tied to his family’s crypto venture, World Liberty Financial. Once listed as a board director (later reduced to a non‑voting board observer), his name vanished by early March amid mounting legal and financial turmoil for the Trump‑linked crypto project. The company, which had previously stockpiled World Liberty tokens, is now facing a high‑profile lawsuit from crypto billionaire Justin Sun, who accuses it of extortion and freezing his tokens, costing him $276 million in potential gains. Alt5’s shares have plummeted about 90 % since the token announcement, it reported a $341 million loss in its most recent fiscal year, and it warned of “substantial doubts” about surviving another year. The firm’s leadership has also been unstable, cycling through three CEOs in a few weeks and enduring internal investigations, while the broader Trump crypto empire sees declining token values and ongoing legal challenges.

Read more: https://www.thedailybeast.com/eric-trump-vanishes-from-troubled-firm-as-crypto-woes-mount/

#EricTrump #Alt5Sigma #WorldLiberty #JustinSun #Trumpfamily

Business | Hiltzik: A crypto mogul's lawsuit against a Trump-linked crypto firm shows the peril of investing with Trump by Michael Hiltzik

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Justin Sun, the billionaire founder of Tron, has sued World Liberty Financial (WLF)—a Trump‑family‑backed crypto venture—claiming the firm froze his $45 million worth of WLFI governance tokens, threatened to “burn” them, and pressured him into further investments after he initially put $75 million into the company; Sun alleges WLF secretly changed its token rules to restrict transfers without a vote, effectively seizing control of investors’ assets, while the firm, whose co‑founders include Donald Jr., Eric and Barron Trump, denies the accusations and calls the suit meritless. The dispute highlights broader concerns about the risks of Trump‑linked crypto projects, the lack of regulatory oversight as the SEC scales back enforcement, and the volatility and opacity that continue to plague the cryptocurrency industry.

Read more: https://www.latimes.com/business/story/2026-04-28/a-crypto-moguls-case-against-a-trump-crypto-firm-shows-the-peril-of-investing-with-trump

#JustinSun #ZachWitkoff #WorldLiberty #SEC #Trumpfamily

The Daily Beast Latest Articles | Don Jr.’s BFF Told to ‘Stop Dropping Names’ in Wild Drug Bust by Catherine Bouris

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Zach Witkoff, the 28‑year‑old son of Steve Witkoff—President Donald Trump’s Special Envoy to the Middle East—and co‑founder of the Trump‑linked cryptocurrency firm World Liberty Financial, was arrested on New Year’s Day 2022 after an altercation outside Miami’s E11EVEN nightclub; body‑cam footage shows him trying to re‑enter the club, getting into a physical fight, and being searched, during which police found a bag of cocaine, leading to charges of disorderly conduct, resisting arrest and felony possession of cocaine. Witkoff later claimed the drugs were not his and that he was assaulted, but prosecutors eventually dropped the felony cocaine charge and the resisting‑arrest count, and he entered a not‑guilty plea. The incident highlights the firm’s broader controversy—where the Trump sons hold a 60 % stake and have seen crypto investments lose about $1 billion in a year—and a recent lawsuit by billionaire investor Justin Sun accusing World Liberty Financial of criminal extortion after it froze his assets.

Read more: https://www.thedailybeast.com/don-jrs-bff-zach-witkoff-told-to-stop-dropping-names-in-wild-drug-bust/

#WorldLiberty #DonaldTrump #DonaldJr #EricTrump #JustinSun #ZachWitkoff #SteveWitkoff #DonaldTrumpJr.

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Home - CBSNews.com | Crypto mogul sues Trump family's World Liberty Financial, alleging fraud

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Cryptocurrency billionaire Justin Sun has filed a lawsuit in California federal court against World Liberty Financial, the crypto venture co‑founded by former President Donald Trump and his sons, claiming the company illegally froze his tokens—worth up to $1 billion—and prevented him from selling them while pressuring him to invest “hundreds of millions of dollars” to mint a new stablecoin. Sun alleges that World Liberty executives, including co‑founder Zach Witkoff and Chase Herro, leveraged the Trump brand to conduct a fraudulent scheme that stripped him of voting rights on governance proposals and threatened to “burn” his tokens, despite his status as one of the firm’s anchor investors. Witkoff dismissed the accusations as meritless, asserting Sun’s misconduct forced the company to protect its users, while Sun maintains he remains a Trump supporter and argues the actions would not be condoned by the former president.

Read more: https://www.cbsnews.com/news/justin-sun-sues-trump-world-liberty-crypto-tokens/

#JustinSun #DonaldTrump #WorldLiberty #Tron #USD1 #ZachWitkoff #ChaseHerro

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Mother Jones | The Trump Family’s Crypto Venture Is Being Sued by Its Own Billionaire Backer by Alex Nguyen

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The Trump family’s crypto venture, World Liberty Financial, is being sued by billionaire investor and TRON founder Justin Sun, who alleges the firm illegally froze his token holdings, stripped his voting rights and threatened to destroy his tokens after he invested $75 million (including a $30 million seed investment and $45 million for 3 billion tokens now worth about $320 million). Sun, while still supporting Trump’s pro‑crypto agenda, says the lawsuit targets “certain individuals” at World Liberty whose actions contradict the former president’s values; co‑founder Zach Witkoff dismissed the complaint as a “desperate attempt to deflect attention” from Sun’s own misconduct. The dispute follows a broader backdrop of SEC investigations that were paused after Trump took office, with Sun recently settling his own SEC case for $10 million. According to the Wall Street Journal, the Trump family has so far earned roughly $1 billion from token sales, taking 75 percent of net proceeds since the project’s launch in 2024.

Read more: https://www.motherjones.com/politics/2026/04/the-trump-familys-crypto-venture-is-being-sued-by-its-own-billionaire-backer/

#Trumpfamily #WorldLiberty #JustinSun #SEC #ZachWitkoff

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The Daily Beast Latest Articles | Billionaire Investor Sues Trump Family’s Crypto Project for ‘Extortion’ by Leigh Kimmins

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Crypto billionaire Justin Sun has filed a lawsuit in a California federal court against the Trump‑family‑backed World Liberty Financial (WLFI), accusing the firm of “criminal extortion” after it froze his digital tokens and blocked a $30 million early‑bet withdrawal that could have earned him $276 million. Sun, who invested $100 million in WLFI’s governance token and the $TRUMP memecoin and claims to support President Trump, says WLFI cited insufficient identity verification to deny his cash‑out and then pressured him to buy large amounts of its USD1 stablecoin and promote it on his Tron network. He alleges the company’s executives threatened to report him to authorities and used the token restrictions as retaliation when he refused. WLFI, which holds about 38 % of the venture and receives 75 % of proceeds from token sales, denies any conflict of interest, while Sun maintains the lawsuit is necessary to resolve the dispute.

Read more: https://www.thedailybeast.com/billionaire-investor-sues-trump-familys-crypto-project-for-extortion/

#JustinSun #DonaldTrump #WorldLiberty #Trumpfamily #TRONnetwork #ChaseHerro

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Al Jazeera – Breaking News, World News and Video from Al Jazeera | Blockchain billionaire Sun takes Trump family’s crypto firm to court

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Crypto entrepreneur Justin Sun has filed a lawsuit in a California federal court alleging that World Liberty Financial – the crypto venture co‑founded by former U.S. president Donald Trump and his sons – illegally froze his holdings of WLFI tokens and threatened to “burn” them. Sun says he bought $45 million worth of WLFI tokens (about 3 billion) and later received an additional 1 billion as an adviser, but the company allegedly installed hidden tools that prevented him from selling the tokens after they became tradable in September 2025. The suit claims World Liberty repeatedly pressured Sun to invest further, including a $200 million commitment to a stablecoin and an equity stake, and is now proposing a governance change that would lock early investors’ 17 billion tokens until 2030. World Liberty denied the allegations, stating Sun is not an adviser and has no operational role, while the company has already earned more than $1 billion from WLFI sales.

Read more: https://www.aljazeera.com/economy/2026/4/22/blockchain-billionaire-sun-takes-trump-familys-crypto-firm-to-court?traffic_source=rss

#JustinSun #Tron #WorldLiberty #DonaldTrump #SEC

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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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