Crypto Firm Tied to Trump Family Dismisses Top Executives

by stockman

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Friday, Nov. 28, 2025 Friday, Nov. 28, 2025 at 1:13:22pm PST

A public company connected to a Trump-family backed crypto project has removed members of its top leadership, according to a government filing. Jonathan Hugh, who had been both acting CEO and chief financial officer at ALT5 Sigma

ALTS

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, and chief operating officer Ron Pitters have been dismissed.

The dismissals come after a sharp decline in ALT5’s share price and disclosure of an overseas legal matter. Hugh’s removal as acting CEO was made “without cause” the ALT5 filing said. Neither executive responded to requests for comment sent through LinkedIn.
Since summer, ALT5 has been a partner of World Liberty Financial, a privately held crypto company. President Donald Trump and some family members own about 38% of World Liberty’s holding company, according to World Liberty’s website.
Eric Trump and Don Trump Jr., sons of the president, rang the Nasdaq bell along with others involved in the two companies to celebrate the relationship. ALT5’s share price has declined by 72% since the Trump sons rang the bell, according to LSEG data.

What’s Next: ALT5 buys and holds crypto assets—in this case, World Liberty’s WLFI token. ALT5’s stock price is influenced by rises and falls in the underlying crypto asset. A spokesman for World Liberty said ALT5’s filing speaks for itself. “World Liberty Financial is excited about the future for Alt5,” said, David Wachsman.

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