ALT5 Sigma, a crypto treasury company tied to Trump, replaced CEO Jonathan Hugh and COO Ron Pitters in a leadership overhaul. Tony Isaac, the president, is now acting CEO as they finalize Hugh’s departure, according to an SEC filing. They raised $1.5 billion in August for a crypto treasury focused on purchasing WLFI tokens.

WLFI token, linked to Trump, faces scrutiny from US lawmakers. Eric Trump scaled back involvement in ALT5 Sigma to meet Nasdaq listing rules. In November, lawmakers urged an investigation into claims that WLFI sold tokens to sanctioned entities in North Korea and Russia. They argue Trump family’s crypto ventures pose a national security threat.

Read more at Cointelegraph.: Trump-Linked Alt5 Sigma Treasury Company Dumps CEO, COO