Trump family made $2.3B from crypto ventures as investors faced losses

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Trump family made $2.3 billion

Questionable transactions

Reuters also highlighted discrepancies between public statements made by World Liberty Financial and information contained in documents submitted to comply with European digital asset regulations.

According to the investigation, one filing listed 3 billion fewer tokens than the company had previously reported. The report's authors suggested that those assets may have been sold, generating more than $460 million in additional income for the Trump family.

Duke University finance professor Campbell Harvey said such sales appear unusual for a project at such an early stage of development.

World Liberty Financial rejected Reuters' conclusions. Company spokesperson David Wachsman said the project does not endorse third-party methodologies used to estimate token values or investor positions.

Billions in investor losses

According to Reuters, investor performance was significantly worse. For its calculations, the news agency compared the amount spent on purchasing tokens and shares with their market value at the end of April.

The largest losses were recorded among holders of World Liberty Financial tokens and the TRUMP memecoin. Reuters estimated that World Liberty investors lost about $674 million, while TRUMP token holders lost more than $700 million. Blockchain analytics firm Chainalysis had previously reported that only a few large traders profited, while hundreds of thousands of retail investors ended up with losses.

Significant declines were also recorded among publicly traded companies linked to Trump. ALT5 Sigma shares fell from more than $9 to $0.75 by the end of April, resulting in investor losses of roughly $675 million, according to Reuters. Shares of American Bitcoin dropped from $11 to $1.15 during the same period, leaving shareholders with losses exceeding $200 million.

Meanwhile, World Liberty Financial continues to develop its governance framework. In March, the platform approved new DAO voting rules requiring token holders to lock their assets for approximately six months to participate in governance decisions.

The changes were approved by a majority of voters. However, analysts had previously noted the high concentration of WLFI tokens, with more than 76% of voting power controlled by just ten holders.

Earlier, we reported that World Liberty Financial's token had come under security review amid scrutiny of Trump's ties to the cryptocurrency industry.

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