Trump-Backed Crypto Firm Loses Another CEO After $1.5 Billion Token Deal

• Trump family-backed firm Alt5 Sigma removed acting CEO Jonathan Hugh and COO Ron Pitters.
• The company’s $1.5 billion token deal with World Liberty Financial could deliver over $500 million to the Trump family.
• It is also facing ongoing legal issues, including a Rwandan money-laundering case.

Alt5 Sigma (NASDAQ: ALTS) connected to the Trump family’s crypto project, has removed Acting CEO Jonathan Hugh and cut ties with COO Ron Pitters. The company didn’t provide a reason but said it wasn’t related to misconduct. 

Both executives declined to comment.

Another Leadership Exit at Alt5 Sigma

Notably, this is the second leadership change since Alt5 Sigma struck a major deal in August with World Liberty Financial (WLFI), a crypto venture co-founded by Trump family members. 

The agreement allows Alt5 Sigma to buy up to $1.5 billion in WLFI digital tokens, p…

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