Trump's son lost $600 million in cryptocurrency company

Investors in a cryptocurrency company linked to the Trump family have lost hundreds of millions of dollars, while one of US President Donald Trump's sons has suffered a sharp drop in the value of his shares.

It is about the company World Liberty Financial, a cryptocurrency project founded by the Trump family.

According to reports, investors have lost about $600 million, as the value of shares and digital assets related to the company has fallen significantly, the media writes.

The project was strongly promoted by the Trump family, while Donald Trump Jr. and his brother Eric Trump have publicly supported the expansion of the business into the cryptocurrency sector.

However, the decline in market value has hit investors who had purchased shares or tokens related to the project.

According to published analyses, companies related to cryptocurrencies have brought large revenues to the Trump family, but at the same time have caused large losses for some investors after the price drop.

Critics have also raised concerns about potential conflicts of interest, arguing that the involvement of a presidential family in such businesses raises questions about the influence between politics and private interests. The White House has denied these allegations. /Telegraph/