Trump Crypto Partner Alt5 Sigma Suspends CEO With No Explanation After Stock Crashes 74%
Topline
Alt5 Sigma, which bet its future on a Trump family crypto venture and has since seen its stock price plummet 74%, suspended its CEO last week with pay but without a public explanation, according to a new filing with the Securities and Exchange Commission.
Eric Trump and Donald Trump Jr. celebrate World Liberty Financial’s new relationship with Alt5 Sigma outside of the Nasdaq MarketSite in New York on Aug. 13. Photographer: Adam Gray/Bloomberg
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Key Facts
Alt5 Sigma’s board suspended CEO Peter Tassiopoulos on Oct. 16, disclosing the move in an SEC filing six days later that provided no explanation.
