AI Financial in talks to sell core business after WLFI token purchase: WSJ

AI Financial, the U.S.-listed company formerly known as Alt5 Sigma that purchased a large volume of World Liberty Financial (WLFI) tokens, is in negotiations to sell its core payments division to Japanese blockchain firm Perpetuals.com for up to $15 million, The Wall Street Journal reported. The DeFi project is linked to the Trump family. AI Financial had previously raised $750 million for additional WLFI token purchases. Since then, the price of WLFI has fallen by 70%, and AI Financial's stock has plummeted by over 90% in the same period, with its market capitalization dropping to around $80 million. The Journal noted that the Trump family is entitled to 75% of the proceeds from WLFI token sales and that AI Financial's purchase resulted in a cash infusion of about $540 million to a Trump-related entity.