Alt5 Sigma fires CEO and COO related to Trump family's encryption project.

Odaily News Alt5 Sigma Corp., a company related to the Trump family's encryption project, announced on Wednesday the termination of its acting CEO Jonathan Hugh and COO Ron Pitters. The company stated that this decision was not related to any specific misconduct. Previously, Alt5 Sigma acquired the WLFI digital Token created by World Liberty Financial for $1.5 billion in August. A subsidiary of the company was found guilty of Money Laundering in Rwanda in May. The court had ordered the imprisonment of the company's head Andre Beauchesne. Alt5 Sigma stated that the board only became aware of the Rwanda incident in late August. Additionally, the company suspended former CEO Peter Tassiopoulos in October. According to documents from this week, Alt5 Sigma President Tony Isaac has taken over as acting CEO from Hugh. (Bloomberg)