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Crypto

Trump family earned $2.3 billion from crypto businesses, investors also lost $2.3 billion

The Trump family has earned at least $2.3 billion from cryptocurrency businesses since U.S. President Donald Trump returned to the White House, while related investors incurred losses of a similar size, a report said. Reuters reported the family profited from ventures including World Liberty Financial, the TRUMP memecoin, American Bitcoin and AI Financial, formerly ALT5 Sigma. The family put in little personal capital, relying on brand licensing and token sales, while retail investors suffered steep losses as token and related stock prices plunged. The White House rejected conflict-of-interest claims.

Crypto

Trump earns 3.5 trillion won from crypto as investors post losses, analysis shows

U.S. President Donald Trump\'s family earned about $2.3 billion in pre-tax profit from crypto ventures over the past 18 months, while retail investors and shareholders in related listed firms recorded $2.25 billion in losses, an analysis showed. The biggest gains were tied to World Liberty Financial token sales and the TRUMP memecoin, while investors faced lockups and price drops. A Nasdaq-listed firm and a bitcoin miner were also cited.

AI & Enterprise

Woori Bank holds AI competition to seek ideas to prevent financial fraud

Woori Bank held the finals of an AI-financial consumer protection idea contest with trainees from Samsung Youth SW and AI Academy (SSAFY) at its headquarters on June 5. The contest aimed to find practical ideas using AI to address consumer protection issues, reduce financial access problems for vulnerable groups and prevent increasingly sophisticated new types of financial fraud. A total of 116 teams entered, with 7 reaching the finals.