Topline
A Trump Organization-backed crypto deal was quietly revised weeks after it was announced, with Eric Trump no longer joining the board of fintech firm Alt5 Sigma as initially planned, following the firm’s consultation with Nasdaq—though the company did not explain why.
Eric Trump, then newly announced as a director on Alt5 Sigma’s board, is joined by Donald Trump Jr. and other World Liberty Financial leaders ringing Nasdaq’s opening bell on Aug. 13 in New York. (Photo by Spencer Platt/Getty Images)
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Key Facts
Alt5 Sigma announced in August it would raise $1.5 billion through direct and private sales of its shares and use the proceeds to buy digital tokens from World Liberty Financial, a crypto startup whose cofounders include Donald Trump and his three sons.
As part of the deal, Alt5 Sigma said “Eric Trump will become a director on its board of directors” and World Liberty Financial COO and fellow co-founder Zak…
