ALT5 Sigma Announces Termination of Acting CEO and Chief Operating Officer

By: theblockbeats.news|2025/11/27 11:45:53

BlockBeats News, November 27, WLFI Reserve Company ALT5 Sigma, associated with the Trump family, announced that it has dismissed multiple executives, including interim CEO Jonathan Hugh and COO Ron Pitters. ALT5 Sigma stated that the 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 interim CEO. The company's stock price has since fallen 83% from its 52-week high.

On November 22, Forbes reported that ALT5 Sigma is under investigation for violating SEC disclosure regulations. The CEO was officially suspended on October 16, but internal emails indicate that the board had actually placed him on "temporary leave" as early as September 4. This significant timing discrepancy may have already violated disclosure rules. According to SEC regulations, public companies must disclose within 4 trading days (Form 8-K) of a significant change in executive responsibilities. Intentionally providing false or misleading information may constitute a violation of anti-fraud regulations.

In August of this year, ALT5 Sigma made a series of transactions to acquire a total of $1.5 billion worth of WLFI tokens, with an estimated over $500 million ultimately flowing to entities associated with President Trump.

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?

The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?

Based on historical experience, the most intense phase of this downturn may be about to end.

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.