Bloomberg reports that crypto firm Alt5 Sigma has parted ways with acting CEO Jonathan Hugh and COO Ron Pitters, with no reasons disclosed. The company in August struck a $1.5B deal to acquire WLFI tokens from World Liberty Financial, co-founded by members of the Trump family—an arrangement under which a Trump family entity would receive 75% of token-sale proceeds. Trump ally Zachary Witkoff chairs Alt5 Sigma’s board, while Eric Trump and co-founder Zachary Folkman serve as board observers.
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