Trump-Backed Crypto Firm Loses Another CEO After $1.5 Billion Token Deal
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- 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…
Read The Full Article Trump-Backed Crypto Firm Loses Another CEO After $1.5 Billion Token Deal On Coin Edition.
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Trump-Backed Crypto Firm Loses Another CEO After $1.5 Billion Token Deal
Share:
- 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…
Read The Full Article Trump-Backed Crypto Firm Loses Another CEO After $1.5 Billion Token Deal On Coin Edition.
In This News
Coins
$ 0.653
+0.34%$ 0.163
+1.87%Share:
In This News
Coins
$ 0.653
+0.34%$ 0.163
+1.87%Share:
Read More
Donald Trump May Cut Income Tax Completely: What It Means for the Crypto Market?