Summary
- Alt5 Sigma announced that it recently dismissed both its CEO and COO.
- Alt5 Sigma previously announced a plan to purchase World Liberty Financial tokens worth $1.5 billion.
- Bloomberg said the executive dismissals are a sign of turmoil within the company.
Alt5 Sigma, a Nasdaq-listed company known to be associated with U.S. President Donald Trump's family, dismissed its chief executive officer (CEO) and chief operating officer (COO) at the same time.
On the 27th (local time), Bloomberg reported that Alt5 Sigma announced it had dismissed CEO Jonathan Hu and COO Ron Peters on the previous day (26th). Bloomberg said, "(Alt5 Sigma) did not disclose specific reasons for the dismissals," and added, "this change is a sign of recent turmoil within Alt5 Sigma."
Alt5 Sigma came to public attention in August when it announced plans to purchase World Liberty Financial (WLFI) tokens worth $1.5 billion (about 2.2 trillion won). The amount of World Liberty Financial tokens Alt5 Sigma said it would buy was equivalent to 7.5% of the total supply. World Liberty Financial is a cryptocurrency company founded by the Trump family at the end of last year.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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