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Trump-Linked Alt5 Sigma Ousts Executives Amid $1.5B Crypto Deal Controversy

Trump-Linked Alt5 Sigma Ousts Executives Amid $1.5B Crypto Deal Controversy

Author:

Global Cryptocurrency

Published:

2025-11-27 14:04:02

24

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BTCCSquare news:

Alt5 Sigma, the fintech firm tied to a Trump family-backed cryptocurrency project, has abruptly replaced its acting CEO Jonathan Hugh and COO Ron Pitters. The Las Vegas-based company offered no explanation beyond stating the dismissals were unrelated to misconduct.

The shakeup follows Alt5's controversial $1.5 billion acquisition of WLFI tokens from World Liberty Financial—a deal granting the TRUMP family 75% of proceeds, potentially exceeding $500 million. Zachary Witkoff, a Trump ally, chairs Alt5's board, while Eric Trump holds a board seat and Donald Trump Jr. participates as an observer.

This marks the second leadership crisis in months after October's suspension of CEO Peter Tassiopoulos. The company remains embroiled in scrutiny over its unusual financial arrangements with Trump-affiliated entities.

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