Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
ALT5 Sigma announces dismissal of acting CEO and Chief Operating Officer

ALT5 Sigma announces dismissal of acting CEO and Chief Operating Officer

金色财经2025/11/27 03:46
WLFI-1.40%K-1.95%

On November 27, it was reported that WLFI reserve company ALT5Sigma, associated with the Trump family, announced the dismissal of several executives, including acting CEO Jonathan Hugh and COO Ron Pitters. ALT5Sigma stated that these dismissals were not related to any specific misconduct. Previously, on October 23, ALT5 Sigma CEO Peter Tassiopoulos was suspended by the board, and Jonathan Hugh was appointed as acting CEO. The company's stock price has fallen 83% from its 52-week high. On November 22, Forbes revealed that ALT5 Sigma would be investigated for violating SEC disclosure regulations. Its CEO was officially suspended on October 16, but internal emails showed that the board had actually placed him on "temporary leave" as early as September 4. This significant timing discrepancy may have violated disclosure rules. According to SEC regulations, listed companies must disclose (Form 8-K) within four trading days of any major change in executive responsibilities. If a company intentionally submits false or misleading information, it may constitute a violation of anti-fraud regulations. In August this year, ALT5 Sigma cumulatively purchased $1.5 billion worth of WLFI tokens through a series of circular transactions, with estimates suggesting that over $500 million ultimately flowed to entities associated with President Trump.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Bitunix Analyst: Geopolitical Tensions Rise on Two Fronts, BTC Struggles at 91,000, Market Risk Premium Rebounds
2
RootData: XION will unlock tokens worth approximately $22.13 million in one week

Crypto prices

More
Bitcoin
Bitcoin
BTC
$91,543.59
+0.60%
Ethereum
Ethereum
ETH
$3,022.93
-0.04%
Tether USDt
Tether USDt
USDT
$0.9998
-0.01%
XRP
XRP
XRP
$2.21
+0.12%
BNB
BNB
BNB
$896.15
+0.48%
Solana
Solana
SOL
$140.43
-1.58%
USDC
USDC
USDC
$0.9998
-0.03%
TRON
TRON
TRX
$0.2804
+1.53%
Dogecoin
Dogecoin
DOGE
$0.1509
-2.05%
Cardano
Cardano
ADA
$0.4264
-1.23%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter