ALT5 Sigma Dismisses CEO Amid Internal Turmoil Following Trump-Related Project Partnership

NASDAQ-listed fintech company ALT5 Sigma (Ticker: ALTS) announced on the 27th the dismissal of acting CEO Jonathan Hugh and COO Ron Pitters, as reported by Bloomberg and other sources citing legal filings. According to the filings, the departure of both executives is not related to any specific misconduct. Since shifting its strategy in August to a Digital Asset Treasury (DAT) strategy involving the WLFI token, the company's stock has fallen by approximately 80%. Reports indicate that after announcing the WLFI strategy, ALT5 Sigma warned its staff of a high likelihood of facing lawsuits and investigations by regulatory authorities. Several senior executives have resigned...