Trump family–linked crypto project WLFI announced that it recently sold tokens to crypto mining company Hut8 at $0.25 each for its treasury reserves. The locked tokens transferred from the WLFI treasury were solely to complete this specific sale, and the project emphasized that it does not represent new issuance or any dilution. https://t.co/qtyNOCA45F ...

Zach Witkoff, son of US special envoy Steve Witkoff and co-founder of World Liberty Financial, wants to drive the tokenisation of Trump properties by bringing them onto the blockchain. Speaking alongside Donald Trump Jr. at the Token2049 conference in Singapore on 1 October 2025, he shared his plans for the tokenisation of Trump properties, namely iconic assets like Trump Tower Dubai, into tokenised investments for investors. According to an article from Bloomberg dated 2 October 2025, Witkoff expressed ...

Core Insights - Eric Trump has been removed from his board position at Alt5 Sigma, a fintech company managing over $1.5 billion in World Liberty Financial (WLFI) tokens, due to Nasdaq compliance issues [1][2][6] - Following the demotion, Zak Folkman, the chief operating officer of WLFI and one of its co-founders, is expected to take over as a director [2] - Trump has stated his continued commitment to WLFI despite the change in his role [3] Compliance and Governance - The demotion was prompted by Nasdaq's compliance concerns regarding the governance of Alt5 Sigma, although the specific rule leading to Trump's removal was not disclosed [2][6] - Trump was initially introduced as a director in August before being reassigned to a board observer role [2] Legal Challenges - Alt5 Sigma is facing legal issues, including a Rwandan court's order to seize $3.5 million linked to a former principal and the liquidation of its Canadian subsidiary over claims of unlawful gain [4] - The firm is also dealing with a lawsuit against its former chief financial officer regarding 330,000 shares allegedly concealed during bankruptcy proceedings [4] - Alt5 Sigma has denied any wrongdoing in these matters, which remain unresolved [4]

Core Points - Eric Trump will no longer join the board of fintech firm Alt5 Sigma, despite previous announcements linking him to a $1.5 billion crypto deal with World Liberty Financial, co-founded by the Trump family [1] - The decision to remove Eric Trump from the board was disclosed in a Securities and Exchange Commission (SEC) filing [1] - The change was reportedly made after discussions with The Nasdaq Stock Market LLC to comply with Nasdaq's listing rules, although the specific rule was not clarified [2] Company Developments - Eric Trump, along with Donald Trump Jr. and World Liberty Financial executives, participated in ringing the Nasdaq opening bell on August 13, shortly after Alt5 Sigma announced plans to raise $1.5 billion through private share sales for WLFI tokens [3] - A Trump-affiliated LLC holds approximately 38% of World Liberty Financial and is entitled to 75% of the proceeds from the token sales [3] - In the updated filing, Zachary Witkoff was named as chairman and board nominee, while Eric Trump and Zachary Folkman were designated as observers [4] - The board has also approved the appointment of Zachary Folkman as a director, pending stockholder approval in accordance with Nasdaq's listing rules [4]

Crypto Wealth & Net Worth - The Trump family's net worth increased to $7.7 billion, including approximately $1.3 billion in crypto wealth gained through WLFI and American Bitcoin [1] - The Trump family holds $4 billion in locked WLFI tokens [1] Potential Investment & Market Trend - The Trump family is considering real estate tokenization [1]

Project Controversy - Justin Sun 声称其 WLFI tokens 被特朗普支持的 DeFi 项目 World Liberty Financial "不公平地冻结"[1] - Nansen 和 Arkham Intelligence 的链上数据显示，在 900 万美元的转账后，Sun 的钱包被标记，引发了抛售猜测[1] - WLFI 在 Binance 上市后表现不佳，代币价格从 0.32 美元跌至 0.19 美元以下，价值缩水超过 40%[2] Justin Sun's Response - Justin Sun 否认抛售，称钱包活动是 "例行的交易所存款测试"，不涉及任何销售[1] - Justin Sun 认为冻结资产会破坏信任，呼吁 WLFI 团队解锁他的 tokens[2] - Justin Sun 坚称没有出售计划，并表示与 WLFI 的长期愿景一致[3] Implications for WLFI - WLFI 面临关于透明度、投资者权利以及早期举措是否会削弱项目信心的质疑[3] - WLFI 目前正在与 Justin Sun 团队进行积极对话，以解决冻结问题[3]

Key Issue - Justin Sun 要求 World Liberty Financial 解冻他的 WLFI tokens [1] Legal Stance - Justin Sun 声称自己是无辜的 ("I am innocent") [1]

Project Controversy - Justin Sun claims his WLFI tokens were unfairly frozen by World Liberty Financial, a DeFi project backed by Donald Trump [1] - Onchain data flagged Sun's wallet after a $9 million transfer, leading to speculation of a selloff, which Sun denies [1] - Sun argues freezing assets undermines trust in the project, emphasizing the importance of respecting token principles [2] Token Performance & Market Reaction - WLFI token's value dropped over 40% after its Binance debut, falling below $0.19 from a launch price of $0.32 within days [2] - The project now faces questions about transparency, investor rights, and potential erosion of faith due to early actions [3] Justin Sun's Stance - Sun denies plans to sell WLFI tokens, expressing alignment with the project's long-term vision [3] - Sun's team is in active discussions with WLFI to resolve the token freeze [3]

Financial Action - World Liberty Financial blacklists Justin Sun's address [1] Token Holdings - Justin Sun holds around $700 million worth of WLFI tokens, mostly vested [1] Project Investment - Justin Sun is a key investor in the WLFI project [1] - The blacklisted address contains $107 million WLFI [1]

Onchain Data Analysis - HTX address "HTX 48" transferred approximately 60 million WLFI tokens to Binance deposit address 0xf387D7…29FcB5 [1] Response from Justin Sun - Justin Sun stated that the address only conducted small deposit tests and address splitting [1] - Justin Sun claims there was no buying or selling involved, and it could not have had any market impact [1]