Alt5 Sigma fires CEO and COO over alleged connection to Trump family crypto projects.

Odaily Planet Daily reports that Alt5 Sigma Corp., a company associated with the Trump family's crypto projects, announced on Wednesday the dismissal of its acting CEO Jonathan Hugh and COO Ron Pitters. The company stated that the decision was unrelated to any specific misconduct.

Previously, Alt5 Sigma acquired the WLFI digital token created by World Liberty Financial for $1.5 billion in August. One of the company's subsidiaries was convicted of money laundering in Rwanda in May. The court had ordered the imprisonment of the company's head, Andre Beauchesne. Alt5 Sigma stated that its board of directors only learned of the Rwandan events in late August.

Furthermore, the company suspended former CEO Peter Tassiopoulos in October. According to documents filed this week, Alt5 Sigma President Tony Isaac has replaced Hugh as acting CEO. (Bloomberg)