according to Forbes, the Trump Media & Technology Group (TMTG) disclosed in its latest submission to the U.S. Securities and Exchange Commission (SEC) that the company has "significant deficiencies" in internal controls in its financial reports, causing concerns among investors about the company's financial transparency and governance structure. TMTG is the parent company of the social platform Truth Social, which has recently attracted attention due to financial losses and audit issues. It is reported that the audit firm BF Borgers hired by the company was charged by the U.S. SEC with "major fraud" for falsifying audit documents and violating audit standards. In addition, Donald Trump Jr., who serves on the board of TMTG, received a salary of $813,000 last year, even though he only attended two out of five company meetings. At the same time, TMTG announced annual sales of only $3.6 million, but a net loss of $401 million.

In previous news, the Trump Media & Technology Group, Crypto.com, and Yorkville America Digital have finalized ETF issuance agreements, with these funds expected to launch later this year.