Alt5 Sigma CEO Suspended; CFO Appointed as Acting CEO

2025-10-23 16:45

Alt5 Sigma Corporation has suspended its CEO, Peter Tassiopoulos, effective October 16th, placing him on paid leave. The company's board of directors has appointed CFO Jonathan Hugh as the acting CEO, who will continue his financial duties alongside his new role. The reasons for Tassiopoulos's suspension were not disclosed. In related developments, Alt5 Sigma had considered adding Eric Trump to its board but opted to retain him as an observer after discussions with Nasdaq. Additionally, the company holds over 7.28 billion WLFI tokens, valued at approximately $1.31 billion as of September 6th.

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