Alt5 Sigma, related to the Trump family's cryptocurrency project, has fired its CEO and COO

Alt5 Sigma Corp., a company related to the Trump family's cryptocurrency project, announced on Wednesday the dismissal of its interim CEO Jonathan Hugh and COO Ron Pitters. The company stated that this decision was not related to any specific misconduct.

Previously, Alt5 Sigma acquired the WLFI digital token created by World Liberty Financial for $1.5 billion in August. A subsidiary of the company was found guilty of money laundering in Rwanda in May. The court had ordered the imprisonment of the company's head, Andre Beauchesne. Alt5 Sigma stated that the board was not aware of the Rwanda incident until late August.

Additionally, the company suspended former CEO Peter Tassiopoulos in October. According to documents from this week, Alt5 Sigma President Tony Isaac has taken over as interim CEO from Hugh. (Bloomberg)