Alt5 Sigma Ousts Top Executives Amid Trump-Linked Crypto Controversies
Alt5 Sigma has terminated CEO Jonathan Hugh and COO Ron Pitters following internal disputes and legal complications tied to a $1.5 billion WLFI token deal connected to Trump family interests. The crypto firm appointed Tony Isaac as acting CEO, marking the second leadership shakeup since former CEO Peter Tassiopoulos was suspended in October.
The SEC recently closed an investigation into WLFI token investors after a $30 million infusion into the Trump-affiliated project. Meanwhile, a Rwanda court convicted an Alt5 Sigma subsidiary of money laundering in May—a ruling the company is appealing.
Governance token holders overwhelmingly approved (98%) a WLFI buyback plan, attempting to stabilize the project amid mounting legal pressures. The firings come as blockchain analytics firms report unusual transaction patterns involving Alt5 Sigma-affiliated wallets.
