Alt5 Sigma Faces Leadership Shakeup as Executives Exit Amid Internal Turmoil

Alt5 Sigma (ALTS), the digital-asset trading platform developer building a large treasury of World Liberty Financial (WLFI) tokens linked to the Trump family, is experiencing another wave of executive turnover following a series of internal disruptions. The company has dismissed two senior leaders within weeks of suspending its CEO, adding to mounting uncertainty around its management structure and strategic direction.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Alt5 removed Jonathan Hugh from his roles as Chief Financial Officer and Acting CEO “without cause” on Nov. 21. Hugh had taken on the interim chief executive position only weeks earlier, following the unexplained suspension of CEO Peter Tassiopoulos on Oct. 16. His brief tenure underscores the rapid and unusual leadership changes sweeping through the organization.

Just four days after Hugh’s removal, Alt5 informed Chief Operating Officer Ron Pitters that his consulting agreement would end as scheduled, effectively concluding his duties as COO. Although Pitters has stepped down from daily operations, he remains a member of the board, maintaining some oversight within the company.

With these moves, Alt5 now finds itself operating under its third CEO in a span of six weeks. Company president Tony Isaac has been appointed Acting CEO and will continue to serve in his existing roles without a new contract or compensation package. To fill the financial leadership gap, Alt5 named seasoned accountant Steven Plumb as its new Chief Financial Officer.

Alt5, which holds approximately $1.3 billion in WLFI tokens, is chaired by WLFI co-founder Zach Witkoff. The company’s board also includes WLFI co-founder Eric Trump, reflecting the growing intersection between the platform and Trump-linked digital-asset initiatives.

The board has additionally dissolved a special committee previously tasked with investigating undisclosed internal matters. According to the filing, findings from the inquiry were delivered to the board, though the details remain confidential.

This series of abrupt leadership changes raises questions about Alt5’s internal stability as it continues to expand its footprint in the digital-asset ecosystem.