WASHINGTON, June 9 -- The shape of the arrangement is by now familiar: the Trump family comes out ahead, and the people who bought in are left holding the loss. New disclosures show that the president and unnamed members of his family were entitled to roughly $500 million from the sale of their crypto tokens, even as the ordinary investors in the company that purchased them watched some $675 million evaporate.

The deal runs through World Liberty Financial, the cryptocurrency venture co-founded in 2024 by Eric Trump and Donald Trump Jr. According to the firm's own filings, a company called Alt5 agreed last August to buy $1.5 billion worth of World Liberty tokens, an arrangement that entitled the Trump family to about $500 million of the p...