Sigma – Earlybirds Invest

https://earlybirdsinvest.com Latest Crypto News Tue, 09 Sep 2025 22:06:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Sigma – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Eric Trump scaling back role at crypto firm ALT5 Sigma https://earlybirdsinvest.com/eric-trump-scaling-back-role-at-crypto-firm-alt5-sigma/ https://earlybirdsinvest.com/eric-trump-scaling-back-role-at-crypto-firm-alt5-sigma/#respond Tue, 09 Sep 2025 22:06:02 +0000 https://earlybirdsinvest.com/eric-trump-scaling-back-role-at-crypto-firm-alt5-sigma/

Eric Trump, a son of US President Donald Trump, may no longer be a board member of investment company ALT5 Sigma as part of a deal with World Liberty Financial.

According to an Aug. 25 filing with the US Securities and Exchange Commission (SEC), ALT5 Sigma designated Eric Trump and World Liberty Financial co-founder Zach Folkman as board observers rather than members.

The company reported that Trump’s position was “in order to comply with Nasdaq’s listing rules” and was still subject to approval by stockholders.

The filing appeared to contradict earlier notices that Trump had joined the board. In an Aug. 11 announcement, ALT5 Sigma said it would raise $1.5 billion for World Liberty Financial’s corporate treasury — a deal that included Trump becoming a director on the board. At time of publication, he was listed as a board director on ALT5 Sigma’s website.

ALT5 Sigma is a Nasdaq-listed fintech company that provides crypto infrastructure services. It originally operated under the name JanOne, a biotech-focused company, before rebranding in mid-2024 to focus on digital assets.

According to SEC filings, ALT5 Sigma received $750 million worth of WLFI tokens from the crypto company, one million shares, and “pre-funded warrants” to purchase up to an additional 99 million shares as part of the deal.

Cointelegraph reached out to ALT5 Sigma and World Liberty Financial for comment, but had not received a response at time of publication.

Related: Trump-tied crypto company ALT5 Sigma denies SEC probe rumors

Zach Witkoff, the son of the US president’s Special Envoy to the Middle East, Steve Witkoff, and another World Liberty Financial co-founder, was listed as chairman of the ALT5 Sigma board.

The US President’s ties to crypto ventures are increasing his family’s wealth

Since Trump took office in January, his family’s wealth has increased by potentially billions of dollars through crypto ventures such as World Liberty Financial, his personal memecoin, Official Trump (TRUMP), his family-backed mining company American Bitcoin and deals through Trump Media and Technology Group, the parent company of the Truth Social platform.

In the last eight days, shares of American Bitcoin began trading on the Nasdaq, and World Liberty unlocked 24.6 billion WLFI tokens — a move that gave the Trump family’s token stake a valuation of about $5 billion at the time.

World Liberty is facing scrutiny from some users who claimed the company locked up their tokens due to “high risk” from their crypto wallets.

Tron founder Justin Sun, one of the company’s biggest backers, reported on Thursday that World Liberty had blacklisted his wallet address after transferring 50 million WLFI tokens to cryptocurrency exchange HTX. One WLFI user has proposed opening up the matter to a governance vote.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

]]> https://earlybirdsinvest.com/eric-trump-scaling-back-role-at-crypto-firm-alt5-sigma/feed/ 0

57621

ALT5 Sigma Rejects Claims of SEC Scrutiny Over $1.5 Billion Crypto Deal https://earlybirdsinvest.com/alt5-sigma-rejects-claims-of-sec-scrutiny-over-1-5-billion-crypto-deal/ https://earlybirdsinvest.com/alt5-sigma-rejects-claims-of-sec-scrutiny-over-1-5-billion-crypto-deal/#respond Wed, 20 Aug 2025 20:43:34 +0000 https://earlybirdsinvest.com/alt5-sigma-rejects-claims-of-sec-scrutiny-over-1-5-billion-crypto-deal/

A partner of the Trump family’s World Liberty Financial (WLFI), ALT5 Sigma, has rejected reports suggesting one of its associates is under investigation by the US Securities and Exchange Commission (SEC).

Reports by The Information claimed venture capitalist Jon Isaac was being probed for inflating earnings and selling shares linked to ALT5’s $1.5 billion deal with Trump’s crypto venture.

In response, ALT5 shared on X that Isaac is not a past or present leader at the company and that it has no knowledge of any SEC inquiry.

What is a Crypto Bridge? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Isaac also stated in a post on X that he has never been ALT5’s president and is not facing any SEC action. He explained that he once took over JanOne, the firm that later rebranded as ALT5 in 2024, but left before that process was complete.

<br />

Although not in a management role, Isaac has financial ties to the company. He is the CEO of Live Ventures, a related investment business, and holds more than one million ALT5 shares worth over $5.48 million.

Additionally, a December 2024 document by the SEC shows ALT5 signed a two-year consulting deal with Jon Isaac in March 2024.

Under this agreement, he provided advice on business growth, restructuring, new products, and client acquisition. He was also expected to hold weekly check-ins with the company’s management.

On August 11, Justin Sun, the founder of TRON
TRX

$0.3508

, filed a lawsuit against Bloomberg. What happened? Read the full story.

]]> https://earlybirdsinvest.com/alt5-sigma-rejects-claims-of-sec-scrutiny-over-1-5-billion-crypto-deal/feed/ 0

54248