Post

@zacheverson.com

Yikes! AI Financial (formerly Alt5 Sigma)—essentially a holding company for Trump's WLFI crypto token—just reported a $271 million loss in Q1. (Also, filing was delinquent.) www.sec.gov/Archives/edg...

@zacheverson.com

"These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued." Oh.

@zacheverson.com

For more on the hot mess that is AI Financial/Alt 5 Sigma—

forbes.comTrump-Linked Crypto Firm Alt5 Sigma Shakes Up Leadership Amid Questions Over SEC FilingThe Nasdaq-listed company, which holds more than $1 billion from the president’s crypto project, disclosed a sweeping leadership change in a late-night filing before Thanksgiving.

19/5/26, 1:23 am4 reposts28 likes

@live-34.bsky.social

I am still trying to wrap my head around how the crypto world “functions” behind the “green” curtain - so, why then, did this outfit lose money??

@mmmvegas.bsky.social