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Trump-Backed Crypto Venture Collapses, Investors Lose Millions
Photo: Raw Story - Celebrating 20 Years of Independent Journalism
2026-07-08 16:49   Business   23

Trump-Backed Crypto Venture Collapses, Investors Lose Millions

A Trump-affiliated cryptocurrency venture has collapsed, leading to significant losses for investors and a dramatic financial reversal.According to an exclusive report by the Wall Street Journal, World Liberty Financial, a Trump-backed entity, acquired a majority stake in AI Financial, a payments company, by using its own cryptocurrency, WLFI.The deal initially aimed to position AI Financial as a key player in the international payment industry through stablecoins.

However, the venture has since failed, with AI Financial now negotiating to sell its core business for just $15 million—a fraction of its initial valuation.Investors who poured $750 million into AI Financial have seen their shares plummet over 90%, reducing the company's market value to $80 million.Meanwhile, the Trump family has reportedly extracted over $540 million from the scheme, with President Trump disclosing $1.4 billion in earnings from crypto ventures in 2025.The collapse highlights the risks of speculative investments and the potential for significant financial losses when such ventures fail.

The Trumps’ gains contrast sharply with the investors’ losses, raising questions about the ethical implications of profiting from such schemes while others suffer.The report underscores the volatile nature of cryptocurrency markets and the challenges of navigating regulatory and financial risks in this space.

Full reading at Raw Story - Celebrating 20 Years of Independent Journalism

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Comments :

#1  numbers

Another Trump scheme bites the dust! It's just…wow. So glad I didn't invest. It's a total mess for those folks who lost out, and the optics of the Trump family raking in profits while others are hurting are pretty awful. Crypto’s wild, y’all.

 
#2  vicenta

Trump and crypto? What a shocker. Guy's got a knack for screwing people over, doesn't he? $540 million? While regular folks lose their shirts? Classic. Just another grift, folks. Don't let him fool ya.

 
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