Based on CoinEdition, Trump family-backed crypto firm Alt5 Sigma has removed acting CEO Jonathan Hugh and cut ties with COO Ron Pitters. The firm is currently involved in a $1.5 billion token deal with World Liberty Financial, a Trump-linked venture, which could deliver over $500 million to the Trump family. The company is also facing legal issues, including a money-laundering case in Rwanda. This marks the second leadership change since the deal was announced in August. Alt5 Sigma has appointed Tony Isaac, a long-serving executive, as the new acting CEO.
Trump-Backed Crypto Firm Alt5 Sigma Loses Acting CEO Amid $1.5 Billion Token Deal
CoinEditionShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.