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Nasdaq-listed companies gamble on Trump family tokens, stock prices fall by 80% and are also convicted of Money Laundering.
[Coin World] The ALT5 Sigma company on Nasdaq suddenly went all in on the digital asset track this August, focusing on accumulating the WLFI Token endorsed by the Trump family. What was the result? The stock price directly slumped 50% again, falling by 80%.
The company is currently in chaos—executives are fleeing one after another, and the remaining employees are being told that they may face lawsuits or be targeted by regulators at any time. To make matters worse, the courts in Rwanda have already found them guilty of money laundering.
At first, it was said that 1.5 billion USD would be raised for the WLFI Token, but now it seems that the plan is basically dead. An investor privately complained: “This is simply a disaster scene; you wouldn't even dream of such a plot in a nightmare.”