Eric Trump Removed From AI Financial Leadership Page

Eric Trump has been removed from the leadership page of Alt5 Sigma Corp., which now operates as AI Financial (NASDAQ: ALTS). He was listed on the company site as an adviser and board observer in March but was no longer shown last week. AI Financial agreed in August to hold World Liberty Financial tokens on its balance sheet and to build a $1.5 billion crypto reserve in exchange for stock and board seats for World Liberty.

Alt5 initially planned to add Eric Trump as a full director but later listed him only as a board observer, a nonvoting role that allows attendance at meetings and access to materials. Two World Liberty co-founders, Zachary Witkoff and Zak Folkman, remain on AI Financial’s board page. In its most recent annual filing, AI Financial reported a fiscal-year loss of more than $341 million and noted substantial doubt about the company’s ability to continue operating for another year.

World Liberty has faced legal and market challenges. A crypto entrepreneur, Justin Sun, sued the company last month alleging extortion and improper freezing of tokens; Eric Trump called the lawsuit “ridiculous” in a post on X. Prices for several Trump-linked crypto assets and related shares have fallen since their launches, including a token labeled $TRUMP and stock tied to a bitcoin mining business.

AI Financial filed to acquire Block Street, a crypto infrastructure startup owned by one of the company’s advisers, in a transaction disclosed in recent SEC filings. The purchase could be worth up to $43 million. The adviser behind Block Street said the startup is not generating revenue and that he pitched it to other public companies in late 2025, declining proposals he said could have delivered more than $100 million in potential upside.

World Liberty announced an arrangement with a venture known as AB less than a month after U.S. authorities charged and sanctioned people tied to an alleged large fraud network. One AB-linked plan was a blockchain-themed resort in East Timor; two men connected to that project were later named in the U.S. crackdown. U.S. officials said the network operated scam compounds in Southeast Asia that used long-term romance-based schemes and other fraud tactics. Treasury Department sanctions issued last October targeted more than 140 people and companies tied to those activities.

A lawyer for World Liberty denied any relationship with the sanctioned individuals and said the company was unaware of the planned resort when it announced the AB arrangement. The lawyer described the AB agreement as a limited, non-exclusive technology integration to allow AB to use the Trump family’s USD1 stablecoin and wrote, “WLF takes its compliance obligations very seriously.”