Trump-affiliated crypto company AI Financial seeks to sell core business, with bids up to $15 million

Odaily reports that AI Financial (formerly Alt5 Sigma, stock ticker: AIFC), a cryptocurrency company backed by the Trump family, is in talks with blockchain technology firm Perpetuals.com to sell its core business, with discussions ranging up to $15 million.

This news marks a significant strategic reversal for the company—just a year ago, AI Financial acquired a small payment company for $750 million, but the deal has since resulted in losses for nearly everyone except the Trump family. The terms of the transaction have not yet been finalized, negotiations are still ongoing, and there is a possibility of changes or the deal falling through. (WSJ)