The Executive Purge at ALT5 Sigma: Suspensions and Firings Shake Up Leadership

• On October 16, 2025, ALT5 Sigma put its CEO, Peter Tassiopoulos, on leave while an internal investigation was going on.
• The company fired acting CEO Jonathan Hugh and COO Ron Pitters on November 27 without giving a reason.
• The Trump family’s World Liberty Financial crypto project has a $1.5 billion deal with ALT5 Sigma.

ALT5 Sigma, which trades on Nasdaq under the ticker ALTS, first made news when it fired CEO Peter Tassiopoulos. This officially took place on October 16, 2025. But an email from September 4 showed that he was already on leave for a short time. This gap could be against SEC rules, which say that big changes in executives must be reported quickly. Experts say that if these delays aren’t handled correctly, they could confuse investors.

The board made a special group to look into business issues. One area of interest is a subsidiary in Rwanda. In May 2025, a court there found it guilty of money laundering and making money illegally. The company is appealing, saying it was tricked in a scheme to commit fraud. For now, Tassiopoulos is still an employee and a board member.

On November 27, things got worse. ALT5 Sigma fired acting CEO Jonathan Hugh and COO Ron Pitters. The company said it wasn’t because of anything wrong, but they didn’t give any clear reasons. Tony Isaac, the President, took over as acting CEO. The CFO had also left before. Three CEOs in six weeks is a sign of deep instability.

ALT5 Sigma is not just any company. Donald Trump and his sons started a crypto project called World Liberty Financial (WLFI), which is connected to it. They signed a $1.5 billion deal in August 2025. ALT5 Sigma makes a treasury of WLFI tokens and sends money to a Trump-related group. For the Trumps, this could mean more than $500 million.

Eric Trump was supposed to join the board, but he ended up just watching, as Nasdaq rules say he had to. According to Cointelegraph on X, “🇺🇸 LATEST: Eric Trump was removed from the board of Alt5 Sigma after discussions with Nasdaq and will instead serve as a board observer, Forbes reports.” This change keeps family power but stops fights. Other people who support Trump joined too. The board is led by Zachary Witkoff, who helped start WLFI. Donald Trump Jr. even went to a Nasdaq event.