WLFI Token Purchases Trigger SEC Investigation as ALT5 Sigma Dismisses Executives and Faces Trump-Linked Payouts Amid 83% Stock Decline
WLFI/USDT
$119,378,406.61
$0.1041 / $0.0981
Change: $0.006000 (6.12%)
-0.0166%
Shorts pay
COINOTAG News reports that ALT5 Sigma, the WLFI Reserve Company linked to the Trump family, has dismissed multiple executives, including interim CEO Jonathan Hugh and COO Ron Pitters. The company said the removals were not tied to any specific misconduct, following the CEO Peter Tassiopoulos’s suspension on October 23.
With leadership changes, ALT5 Sigma‘s stock has plunged, retreating 83% from its 52-week high, signaling heightened investor risk amid governance scrutiny and ongoing regulatory considerations.
Forbes reported on November 22 that ALT5 Sigma is under investigation for possible violations of SEC disclosure regulations. Internal emails indicate the board had placed the CEO on ‘temporary leave’ as early as September 4, potentially conflicting with required Form 8-K disclosure within four trading days.
An August round of transactions moved about $1.5 billion in WLFI tokens, with an estimated over $500 million flowing to entities linked to President Trump.